Chapter News

Investment Plan for Europe: €62 million for wind and solar farms across the EU

The European Investment Bank (EIB) has signed an agreement with Sustainable Sàrl, a subsidiary of SUSU Partners AG, committing up to €62 million into the SUSI Renewable Energy Fund II. The agreement is guaranteed under the European Fund for Strategic Investments (EFSI), the heart of the Investment Plan for Europe.

The signing underlines Europe’s strategy to invest in environmental sustainability and a sustainable, competitive, and secure energy supply. The portfolio of SUSI’s second renewable energy fund currently comprises already 13 wind and solar farms in Germany, France, United Kingdom, Portugal and Italy, delivering a total output of approximately 170 MW of clean energy.

EIB Vice-President Pim van Ballekom commented: “Renewable energy is high on the list of priorities of the European Fund for Strategic Investments, as well as for the Bank’s lending in general. We have set ourselves a target of committing at least 25% of all our lending to fighting climate change and the EIB’s participation in the SUSI RE II adds significantly to the ways in which the Bank already supports this.”

Miguel Arias Cañete, European Commissioner for Climate Action and Energy added: “In the EU we are creating initiatives and incentives to facilitate the low-carbon transition. This is an example of local engagement to transform the energy system, and it is local actions like this one that will help meet our climate and energy goals. I encourage the private sector to follow in these footsteps and seize the opportunities the Juncker Plan, the EIB and the energy transition present.”

Dr. Tobias Reichmuth, CEO and Founder of SUSI Partners, on the signing: “We are very pleased to have won EIB as an Investor into the Renewable Energy Fund II. EIB plays a pivotal role in our common endeavour to realize the energy transition and its decision to place such a substantial commitment with SUSI Partners is a clear sign of the confidence of large investors we have acquired through our track record in Renewable Energy financing.”

The fund is optimally diversified technically as well as geographically, with projects throughout the EU. In addition to the projects realized, a solidly growing project pipeline of wind and solar projects, currently amounting to over 270 MW, ensures further attractive investment opportunities.

Background information:

The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals.

The Investment Plan for Europe focuses on removing obstacles to investment, providing visibility and technical assistance to investment projects and making smarter use of new and existing financial resources. The Investment Plan is already showing results. The European Investment Bank (EIB) estimates that by July 2016, the European Fund for Strategic Investments (EFSI) had the potential to trigger EUR 115.7 billion of investment in Europe. Find out the latest EFSI figures here. For more information see the FAQs.

SUSI Partners AG is a Swiss Investment Advisor that focuses on financing the energy transition and sustainable energy infrastructure. SUSI supports institutional investors with investments in solar and wind parks in Europe, energy efficiency retrofits of existing infrastructure and energy storage solutions. Through its subsidiary, Sustainable Sàrl, SUSI offers fund solutions that yield stable and low-correlated annual distributions, carry low risk and produce a measurable impact on climate change mitigation.

The SUSI Renewable Energy Fund II, advised by SUSI Partners AG, offers investment opportunities in renewable energy infrastructure (wind & solar) in Europe to institutional investors. The fund is currently in investment phase and has a capacity of 300-400 million euros.

Compliments of the European Commission