SUSI Partners’ Asia Energy Transition Fund (SAETF) has signed an agreement with seasoned developer Asia Clean Capital Vietnam (ACCV) to support the deployment of on-site solar photovoltaic (PV) projects for commercial and industrial end-customers.
The investment is structured as a convertible loan, featuring a sustainability-linked mechanism tying the interest rate to progress made in relation to transparency and traceability improvements in ACCV’s solar PV procurement process.
As an independent platform launched by the founders of Asia Clean Capital, a leader in the development of clean energy solutions in Asia, ACCV benefits from longstanding experience in the sector and strong origination networks in the region.
It has built a strong near-term project pipeline offering long-term offtake contracts to high-quality commercial and industrial clients in the fast-growing Vietnamese market.
As a global manufacturing center with a significant number of multinational corporations, Vietnam is proof of how decarbonization targets set by companies and institutional investors around the world create concrete action for an accelerated transition to clean energy.
With a broad array of stakeholders encouraging corporations to decarbonize their operations across the supply chain, the demand for on-site solar PV solutions in the country is rapidly increasing, as local suppliers take action in tandem with their global clients.
The investment in ACCV further complements SAETF’s portfolio, which is already well-diversified across utility-scale renewables, energy efficiency, and customer-centered clean energy solutions. SAETF, which targets energy transition infrastructure investments in Southeast Asia, has received capital commitments from development banks, DFIs, and private investors.
Google translate