BII invests $15m in SUSI Asia renewables & storage fund
UK development finance institution, British International Investment (BII), has made a $15 million (£12 million)] investment in the SUSI Asia Energy Transition Fund (SAETF), which will provide funding for renewable energy, energy storage and microgrid projects across the continent.
It is BII’s first investment in the Indo-Pacific.
With this commitment, BII joins other development finance institutions, including AIIB, FMO, Swedfund, Norfund, and OeEB, as well as private investors in backing SAETF.
SAETF targets infrastructure investments across the energy transition spectrum, including renewable energy, energy efficiency, and energy storage projects, and focuses on emerging economies in Southeast Asia, including the Philippines.