British International Investment BII, the UK’s development finance institution and impact investor, has announced the launch of Sustainable Asia Renewable Assets SARA, a new renewable energy platform. SARA has been jointly formed alongside Dutch development bank FMO and European investment manager SUSI Partners.
BII and FMO are investing $70 million and $50 million respectively through co-investment commitments to SARA and top-up commitments to the SUSI Asia Energy Transition Fund SAETF. Complemented by further commitments to SAETF from existing and new investors, SUSI has more than doubled the size of its Southeast Asia SEA-focused strategy from $120 million to $259 million, including direct co-investments.
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