Sustainable energy investor SUSI Partners forms joint venture with SG’s Canopy Power 

Swiss infrastructure fund manager SUSI Partners has made its second investment in Southeast Asia by forming a joint venture with Singapore-based microgrid technology provider Canopy Power.

Through the investment in Canopy Power, SUSI will fund microgrid projects combining solar photovoltaics with battery storage and energy management technology to replace emission-intensive diesel generators in locations underserved by or disconnected from utility grids, the company said in a statement. 

Microgrids not only provide a clean energy solution to end customers who are otherwise reliant on more polluting alternatives, they also enhance the security of supply and lower energy costs due to continuously decreasing prices for solar and battery storage systems, the company added. 

Microgrids are especially crucial in Southeast Asia as the region comprises many islands and remote areas.

In May this year, SUSI reached the first close of its Asia Energy Transition Fund (SAETF) at $81 million with backing from commitments from development finance institutions (DFIs) including the Asian Infrastructure Investment Bank, Dutch development bank FMO, the Nordic DFIs Norfund, and Swedfund.

SUSI expects a final close on the fund next year. 

SAETF will prioritise Indonesia, Thailand, Vietnam and the Philippines as its focus markets, followed by Malaysia, Cambodia and Laos.

The investment in Canopy Power follows SAETF’s first investment, a joint venture with Malaysian company InvestEnergy which is dedicated to financing and operating energy efficiency measures in the region. 

SUSI Partners manages 1.6 billion euros in investor commitments across seven institutional funds focused on the energy transition spectrum, including clean energy generation, energy efficiency measures, and energy storage and integrated solutions. The firm has made more than 120 investments across more than 20 different countries to date.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.