Asia Clean Capital Vietnam receives backing from Swiss fund manager

By Phong Van   April 27, 2023 | 06:00 pm PT
Investment from SUSI Partners will allow Asia Clean Capital Vietnam to help multinational and leading domestic companies decarbonize their energy supply.

Asia Clean Capital Vietnam, a leading international clean energy solutions developer in Asia launched by the founders of Asia Clean Capital, has received an investment from SUSI Partners' Asia Energy Transition Fund.

The investment will support ACCV's development of clean energy projects across Vietnam.

As a leader in the development of clean energy solutions in Asia, ACC helps international and domestic firms decarbonize their energy supply and meet internal and transnational environmental, social and governance (ESG) targets.

Photo  2 ACCV’s mixed ground-mounted and rooftop solar project at SC VivoCity mall (District 7, HCMC)

ACCV’s mixed ground-mounted and rooftop solar project at SC VivoCity mall, District 7, HCMC. Photo by ACC

ACC has developed over 165MW of commercial and industrial rooftop solar and over 30MW of ground energy projects in partnership with many of the world’s leading multinationals. Over 90% of the clean electricity produced is consumed by ACC’s clients.

Its local and international management teams bring many years of rooftop solar and ground energy project design, development, and operational experience to Vietnam.

ACCV and SUSI Partners share a belief that embedding ESG standards across business operations and investment activities creates sustainable value for all stakeholders. ESG practices have always been a focus for ACC.

The MNC clients that ACC serves have very demanding ESG targets and the clean energy solutions that ACC provides directly reduces its clients’ carbon footprints while the blockchain sustainability data management software that ACC deploys provides auditable, verifiable data for sustainability management, reporting and green finance.

ACC’s ESG performance and compliance is market leading, having been developed in partnership with the global financial institutions that have supported ACC through its growth.

"ACC parties with large FDI corporations to decarbonize their energy supply and contribute to Vietnam’s commitment to achieving net-zero carbon emissions by 2050," said CEO Michael Viet Luong.

"We are dedicated to bringing innovative renewable energy solutions to the market, and believe in the power of on-site climate technologies to lead the transition to a cleaner future.

"With SUSI Partners, we have found a partner whose longstanding track record and exclusive focus on energy transition investments aligns perfectly with our ambition to support global climate targets."

SUSI Partners is a Swiss-based investment manager specializing in energy transition infrastructure investments with $2.07 billion in capital commitments from institutional investors. The firm invests globally through dedicated equity and credit strategies.

"Our mandate aims to enable emerging economies in Southeast Asia to grow in a sustainable manner. Together with ACCV, we look forward to accelerating the urgently needed buildout of clean energy supplies in Vietnam, which is rapidly becoming one of the most important manufacturing centers in the world," said Wymen Chan, head of Asia at SUSI Partners.

Founded in 2009, SUSI Partners is a Swiss fund manager specialized in sustainable energy infrastructure investments with EUR 1.9 billion in capital commitments from institutional investors. The firm’s investment strategy focuses on private equity and credit opportunities across the energy transition spectrum, including clean energy generation, energy efficiency measures, and solutions enabling clean energy use.

ACCV is the Vietnam-based affiliate of the Asia Clean Capital Group, a leading distributed solar developer focused on the commercial and industrial market in Asia. Core clients include Nestle, Coca-Cola, Danone, Volkswagen, Schindler, Unilever, Andritz, Fujitsu, Mapletree, Universal Alloy Corporation and many more.

Focused on carbon reduction, data management and energy efficiency solutions, ACCV invests 100% of the project costs and provides the design, engineering, equipment, government approvals, installation, and long-term operation and maintenance of solar, energy storage and data management systems.

ACCV generates and sells clean electricity to clients at below-grid prices under long-term agreements. ACCV's project sites are typically extensive production facilities with electricity demand for up to 20 megawatts.

The company has offices in Hong Kong, Beijing and Ho Chi Minh City.

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