SUSI Partners has disclosed that its SUSI Energy Efficiency Fund II (SEEF II) held its final closing bringing total investor commitments to EUR289 million (US$313.73 million). This represents a significant expansion of the company’s energy efficiency platform and a 45% increase in commitments over its predecessor fund, which was launched in 2014 and closed at EUR200 million (US$217.11 million).

SEEF II has an institutional investor base comprising pension funds, insurance companies, and foundations from Switzerland, Germany, the Netherlands, Sweden, and – for the first time – Denmark. Approximately half of the investors in the Fund are new to SUSI Partners.

Since January 2019, SEEF II has invested approximately EUR100 million (US$108.56 million), with the investment period set to run for another four years following the final close. To date, the portfolio includes a variety of efficiency measures such as LED lighting retrofits, energetic refurbishments of industrial, public and residential premises, efficient heating systems as well as smart metering as a service.

Based on externally certified year-end 2019 calculations, investments across SUSI Partners’ existing energy efficiency platform are expected to result in approximately 4 million tonnes of CO₂ savings over the lifetime of the underlying technologies.