Our partnership with Pentagreen is mobilising private capital to support green infrastructure and accelerate the low-carbon transition
South-East Asia is central to the green transition. While the region is highly vulnerable to the effects of climate change, it is also home to fast-growing economies with ambitious decarbonisation goals and rising energy demand. Meeting these goals requires an estimated $210 billion of investment each year in climate-resilient infrastructure – far beyond what public finance alone can provide.
To help address this gap, we committed $60 million to the Green Investment Partnership (GIP), a blended finance vehicle managed by Pentagreen Capital. GIP sits within the Financing Asia’s Transition Partnership (FAST-P), launched by the Monetary Authority of Singapore to mobilise public, private and philanthropic capital for climate projects across the region.
The fund secured $510 million at first close, with a further $300 million raised at second close – $150 million of which came from commercial investors. Our investment helps de-risk the fund’s capital structure, making it more attractive to commercial investors and helping crowd in additional private capital.
GIP focuses on sectors critical to decarbonisation and sustainable growth, including renewable energy, battery storage, e-mobility and the circular economy. Its early investments include bioenergy and solar-plus-storage projects that are expected to significantly reduce emissions while supporting more resilient energy systems.
As one of the first investments from our mobilisation facility, this partnership demonstrates how we are working with fund managers and global partners – including HSBC and Temasek – to translate ambition into practical investment solutions. By supporting platforms like GIP, we are helping to unlock larger pools of capital and accelerate the development of scalable climate infrastructure across South-East Asia.
