Singapore’s central bank has secured US$510m in committed capital for a fund aimed at financing green and sustainable infrastructure projects – such as solar and storage – in Southeast and South Asia.
The Monetary Authority of Singapore (MAS) confirmed that funding has been drawn from several regional stakeholders, including HSBC, the Australian government, and Singapore’s state-owned investor Temasek, among others.
The fund, named the Green Investments Partnership, forms part of the Financing Asia’s Transition Partnership initiative, launched by MAS in 2023. It will focus on projects in areas such as sustainable transport, renewable energy, and storage.
Management of the fund has been entrusted to Pentagreen Capital, a sustainable infrastructure debt financing platform established by HSBC and Temasek.
“Pentagreen has brought together a diverse group of partners, which are participating across the different commercial and concessional tranches of the capital structure to de-risk and finance marginally bankable green infrastructure projects in the region,” said Gillian Tan, Assistant Managing Director (Development & International) and Chief Sustainability Officer at MAS.
The initiative is intended to contribute towards the region’s environmental and social objectives, including emissions reduction and job creation.
