SUSI Partners raises EUR 275 million for second energy efficiency fund
Zug/Zurich, 19 February 2020 – SUSI Partners is pleased to announce that its SUSI Energy Efficiency Fund II (SEEF II) has raised EUR 275 million in investor commitments as of 18 February 2020. The Fund succeeds the SUSI Energy Efficiency Fund I (SEEF I), benefiting from the predecessor’s track record and extensive partnership network.
Marius Dorfmeister, Co-CEO and Global Head of Clients at SUSI Partners, comments: “Since the last closing in July 2019, we have raised new investor commitments of over EUR 125 million. With a number of additional investors in advanced due diligence, we aim to have a final close significantly exceeding the target of EUR 300 million in the second quarter of 2020.”
Marco van Daele, Co-CEO and Chief Investment Officer, adds: “This important extension of our energy efficiency investment platform allows us to continue investing substantial amounts with our partners using our innovative financing solutions for the benefit of all stakeholders.”
While significant investments in energy efficiency are needed to achieve the objectives of the Paris Climate Agreement, private and public infrastructure owners and operators often lack the financial resources to adopt the necessary technologies. Through SEEF II, SUSI Partners offers an off-balance sheet financing solution, with the Fund financing necessary investments in return for part of the energy savings.
Since January 2019, SEEF II has made 17 investments across nine European countries. The portfolio includes a variety of efficiency measures such as LED lighting retrofit schemes, energetic refurbishments of private apartments and public buildings, a highly efficient heating system and a Smart Metering-as-a-Service (SMaaS) deal. Overall, the Fund has invested approximately EUR 93 million to date. CO2 savings achieved through its investments amount to approximately 435,000 tonnes over the lifetime of the projects.