Pinsent Masons advises SUSI Partners on the launch of its Southeast Asian Renewables platform

The platform will establish utility-scale renewable energy assets across the Philippines, Vietnam, Indonesia, Cambodia and other Southeast Asian markets in partnership with regional developer Pacific Impact Development (Pacific Impact).

It will focus on greenfield development including solar PV, wind and hydro assets, and the construction and operation of utility-scale generating renewable assets.

Pinsent Masons facilitated the agreement between the platform and the developer, Pacific Impact, who will act as the developer and project manager. The joint venture will draw on Pacific Impact’s experience in renewable energy development and SUSI’s investment expertise to ensure responsible project delivery.

Pinsent Masons advised SUSI Partners on all legal aspects of establishing the platform, including its joint venture arrangements with Pacific Impact and the development agreement. The team was led by partner William Stroll and supported by associate Bryan Chapman and Partner Mark Tan (in relation to Singapore law aspects).

William Stroll said, “Many nations across Southeast Asia have set ambitious targets to substantially increase the contribution of renewable energy to their power grids. There remains a significant gap in investment which, if it continues, will render these targets unachievable. Joint ventures like this are vital in helping deliver important renewable energy assets to the region – bringing together impact funds with access to capital with developers based in the region who have a good understanding of the local markets and can help to successfully deliver renewable energy projects. We expect to continue to see growth in this market.”

SUSI Partners is a Swiss-based infrastructure investment manager that focusses on investment opportunities arising from the global energy transition. SUSI Partners’ Asia Energy Transition Fund, which targets investments across Southeast Asia, has received capital commitments from development banks, DFIs and private investors.

Pacific Impact Development is a privately held regional developer of renewable energy assets. The Pacific Impact team has vast experience in renewable energy engineering, construction, and investment in emerging markets. Pacific Impact Development is headquartered in Singapore with regional offices in Jakarta, Phnom Penh, Ho Chi Minh City, Bangkok and Manila.