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    Home > Finance > UK development bank joins Southeast Asia renewables JV
    Finance

    UK development bank joins Southeast Asia renewables JV

    Published by Global Banking & Finance Review®

    Posted on January 22, 2025

    2 min read

    Last updated: January 27, 2026

    Image illustrating renewable energy initiatives in Southeast Asia, highlighting the joint venture between UK development bank BII and partners focusing on sustainable energy projects.
    Renewable energy partnership in Southeast Asia with wind turbines - Global Banking & Finance Review
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    Quick Summary

    British International Investment partners with FMO and SUSI Partners to form a renewable energy joint venture in Southeast Asia, targeting a 500MW portfolio.

    UK Development Bank Partners on Southeast Asia Renewables

    SINGAPORE (Reuters) -British International Investment (BII), the UK's development finance institution, has set up a renewable energy joint venture focused on Southeast Asia with two partners, a joint statement said on Wednesday.

    BII's partners in the Sustainable Asia Renewable Assets Company (SARA) are Dutch entrepreneurial development bank FMO and Swiss-based infrastructure investment manager SUSI Partners.

    BII and FMO are investing $70 million and $50 million, respectively, in the venture, while SUSI will contribute the Dam Nai wind farm in Vietnam it acquired in October last year as a cornerstone asset, the three said in the statement.

    Some of the funds will go into SUSI Partners' SUSI Asia Energy Transition Fund that focuses on sustainable energy infrastructure projects in Southeast Asia, they said.

    SARA aims to build a 500-megawatt portfolio of greenfield renewable energy projects across Southeast Asia, a region that has relied mainly on fossil fuels to meet increasing energy demand driven by population expansion and its position as a growing global manufacturing and industry hub.

    The International Energy Agency projects that the region will account for more than a quarter of global energy demand growth until 2035.

    (Reporting by Yantoultra Ngui; Editing by Kirsten Donovan and Jane Merriman)

    Key Takeaways

    • •British International Investment forms a JV for renewables in Southeast Asia.
    • •Partners include FMO and SUSI Partners.
    • •BII and FMO invest $70M and $50M respectively.
    • •SARA aims for a 500MW renewable energy portfolio.
    • •The region's energy demand is expected to grow significantly.

    Frequently Asked Questions about UK development bank joins Southeast Asia renewables JV

    1What is the main topic?

    The article discusses a joint venture for renewable energy projects in Southeast Asia involving British International Investment.

    2Who are the partners in the joint venture?

    The partners are British International Investment, FMO, and SUSI Partners.

    3What is the goal of the joint venture?

    The goal is to build a 500-megawatt portfolio of renewable energy projects across Southeast Asia.

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