SUSI Partners, through its Asia Energy Transition Fund (SAETF), has launched a joint venture company (JV) in partnership with Singapore-based Entoria Energy, a renewable energy solutions provider, to develop a portfolio of rooftop solar photovoltaic (PV) assets across the Southeast Asia market.
SUSI will have exclusive investment rights to Entoria’s Southeast Asian project pipeline, which will initially include Malaysia, the Philippines, Thailand, and Vietnam.
SUSI and Entoria will provide solar panel installations on the rooftops of manufacturing facilities, retail malls, industrial parks, and other major buildings at no additional cost to commercial and industrial (C&I) clients. The power generated will be sold at a lower price than the grid tariff.
This move is expected to decrease exposure of customers to rising energy prices in SEA as well as solve grid reliability issues.