Gresham House, a leading UK-based asset manager, has signed a definitive agreement to acquire Asia Clean Capital Vietnam (ACCV), a key player in Vietnam's commercial and industrial renewable energy sector.
The transaction positions the SUSI Asia Energy Transition Fund (SAETF), recently under Gresham House following its acquisition of SUSI Partners, as the sole equity owner of ACCV.
Company Backgrounds and Strategic Fit
Founded in 2020, ACCV has rapidly grown by developing distributed clean energy solutions, including rooftop solar projects for multinational industrial clients in Vietnam.
Gresham House oversees €12.2 billion in assets under management, with its energy transition division managing €3.1 billion focused on renewables, battery storage, and electrification.
Impact on Southeast Asia Renewables Landscape
ACCV will integrate into the OASIS platform, consolidating and scaling SAETF's commercial and industrial renewable energy operations across Southeast Asia.
This acquisition enhances SAETF's regional footprint alongside platforms like SARA for utility-scale renewables and SESP for waste-to-energy biogas in Thailand.
Vietnam's renewable energy market is surging, fueled by escalating electricity demand, national decarbonization goals, Direct Power Purchase Agreements (DPPA), and battery energy storage systems (BESS) adoption.
The deal builds on Gresham House's strategy to target mid-market opportunities in Asia's energy transition, leveraging ACCV's established project pipeline and operating assets.
Historically, foreign investments like this have accelerated Vietnam's shift from coal dependency toward sustainable power sources amid global climate pressures.
Looking ahead, the combined entity aims to drive OASIS as a dominant force in distributed renewables, supporting industrial clients' net-zero ambitions.
This move signals heightened UK-European capital flowing into Vietnam's green infrastructure, promising economic growth and energy security for the region.
Maria Lourdes
