BII commits $95 million to climate action in South-East Asia

British International Investment (BII) has pledged $95 million to support climate action in South-East Asia, including a $70 million top-up commitment to the SUSI Asia Energy Transition Fund (SAETF) and a co-investment commitment to Sustainable Asia Renewable Assets (SARA).

SARA, a joint initiative between BII, FMO, and SUSI under SAETF, aims to develop a 500 MW portfolio of greenfield renewable energy projects across select South-East Asian markets by the fund’s end. 

In addition, SUSI has increased its Southeast Asia-focused strategy size from $120 million to $259 million, incorporating direct co-investments. These funds will be dedicated to sustainable energy infrastructure projects in the region.

BII is the UK’s development finance institution and impact investor, partnering with businesses across Africa, Asia, and the Caribbean in areas like green infrastructure and technology.