Asia
Our Asia strategy focuses on investments in sustainable energy infrastructure projects in Southeast Asia that serve attractive growth markets while delivering substantial positive impact.
We invest in and actively de-risk energy transition infrastructure opportunities in Southeast Asia, which is quickly becoming a global manufacturing hub with commensurate energy demand. We apply our local expertise and strict risk-management protocols to ensure best-in-class technical, ESG, and compliance standards while building asset platforms of significant scale.
Characteristics
-
Energy Transition Infrastructure
We take control positions in sustainable greenfield energy infrastructure projects and portfolios which, once built, provide essential services and benefit from predictable, long-term contracted cash flows. Our particular focus lies on scaling up renewable energy (wind, solar, distributed generation) in Southeast Asian countries where these solutions are nascent but on the cusp of experiencing rapid growth.
-
Dedicated Regional Expertise
We have a dedicated team in Singapore, which leverages our strong regional networks to form and invest through dedicated platforms and joint ventures with local partners. Our intricate knowledge of local conditions in the target markets – being the Philippines, Vietnam, Thailand, Indonesia, Malaysia, Cambodia, and Laos – allows us to invest in places that are often overlooked by international capital.
-
Enhancing Project Quality
Investing in relatively less mature markets requires local knowledge and active management of the development, construction, and operation of greenfield projects to ensure high-quality, bankable assets. By supporting local developers with our longstanding energy transition expertise, we seek to plug existing knowledge gaps, improve project quality, and ultimately enhance asset values.
-
Achieving Scale
We actively construct substantial asset portfolios that can be consolidated into platforms of scale and thereby generate attractive financing and exit options.
-
Impact
In collaboration with our partners (local developers and other sector specialists), and supported by investors in our Asia strategy, which include a number of multilateral banks and development finance institutions, we operate at the forefront of the energy transition in Southeast Asia where our investments set precedents and have a direct impact.
-
Environmental and Social Management System
We employ a comprehensive Environmental and Social Management System (“ESMS”), the outputs of which flow directly into investment, construction, and offtake agreements. The ESMS furthermore structures the monitoring of development, construction and operational processes and ensures transparent, regular reporting of findings and risk mitigation measures taken.
Portfolio
We continue to grow a well-diversified energy transition infrastructure portfolio with a focus on utility-scale renewable energy projects and distributed generation projects on commercial and industrial sites.
Sustainable Energy Solutions Partnership (SEA) Pte. Ltd.
Joint venture with Malaysian company Invest Energy dedicated to financing and operating energy efficiency projects across Southeast Asia. Primary target projects are bespoke waste-heat recovery as well as co- and trigeneration systems for commercial and industrial offtakers.
Entoria Sustainable Power Assets Pte. Ltd.
Joint venture with developer Entoria Energy for the delivery of rooftop solar photovoltaic installations to commercial and industrial offtakers in locations such as manufacturing plants, shopping malls, industrial parks and other large buildings.
Sustainable Pacific Impact Renewable Energy Pte. Ltd.
Joint venture with Singapore-based Pacific Impact Development focusing on the greenfield development of utility-scale solar PV, wind, and hydro assets with the ability to continue through financing, construction, and operation of the assets.
Asia Clean Capital Vietnam Pte. Ltd.
Convertible loan to Asia Clean Capital Vietnam, a developer and operator of rooftop and ground-mounted solar photovoltaic projects for commercial and industrial end clients in Vietnam.
Partnership with Baywa r.e.
Framework agreement with BayWa r.e. for the development, construction, and operation of larger-size on-site solar photovoltaic projects for larger, well-established commercial and industrial offtakers.
Alba Renewables Pte. Ltd.
Investment agreement with Alba Renewables to support the development, construction, and operation of utility-scale, ground-mounted solar PV and onshore wind projects in the Philippines and other Southeast Asian markets.
Relevant Documents & Contact
Contact Us
We want to ensure that an effective mechanism is in place by which we can receive feedback and suggestions in relation to the environmental and social (E&S) performance of our investments, and the conduct of our development partners and their main contractors, from anyone who wishes to do so. You are encouraged to inform us of any unethical and/or illegal practice, or any fraudulent acts or misconduct by anyone related to the projects without any fear of reprisal. You may lodge your feedback anonymously, but you are encouraged to provide your contact details which will be treated with the utmost confidence. All information disclosed to us will remain confidential and will be disclosed only to appropriate authorities as required by regulations. Depending on the nature and severity of issues raised, being able to contact you will help us in the investigation as it allows an effective resolution of any irregularities.
For project-specific feedback, we encourage you to reach out to the project’s designated officer in your locality. We treat all feedback received across different channels seriously, and we will record and investigate each feedback.