Morrison & Foerster helps ECF launch Southeast Asia clean energy fund
In an effort to assemble a pot ready for post-Covid-19 recovery in Southeast Asia, the European Climate Foundation (ECF) has launched a revolutionary clean energy investment fund for the region, with a goal of raising USD 2.5 billion capital commitments.
PH regains allure as ‘hot market’ for RE investments in Asia
The Philippines is seen regaining its allure as a “hot market” for renewable energy investments in the Asian region and that shall be ushered in by the government’s implementation of the Renewable Portfolio Standards (RPS) policy. The RPS edict requires distribution utilities to secure fraction of their supply from RE capacities – and that shall be […]
Achieving Policy Objectives for Green Bonds in ASEAN
The latest Intergovernmental Panel on Climate Change report, Global Warming of 1.5 ºC, notes the importance of mobilizing green finance for limiting global warming to 1.5 degrees Celsius and preventing catastrophic climate change. In line with this, some countries have been implementing policies to support green bonds. Green bonds are debt securities whose proceeds are used […]
PTT sells Asia’s longest dollar bond, raises $700 mln
HONG KONG, July 10 (Reuters) – Thailand’s largest energy company PTT raised $700 million from the sale of a 50-year bond in Asia’s longest dollar corporate debt deal, and bankers believe the shift towards longer-dated tenors in the region will continue. The bonds were priced to yield 3.7% in the deal that was executed overnight […]
GCPF has announced the closure of a transaction, which will enable CleanMax to expand its operations into Southeast Asia, targeting Thailand first.
The Global Climate Partnership Fund (GCPF) has announced the closure of a transaction, which will enable Indian commercial and industrial (C&I) solar leader CleanMax to expand its operations into Southeast Asia, targeting Thailand as its first new market. GCPF is set to invest USD 10 million in the solar firm.
IEA launches green energy JV in Indonesia
Indonesia and the International Energy Agency have announced the launch of a new joint project on electricity and renewable energy in Indonesia. Launched by Indonesian Minister of Energy and Mineral Resources Arifin Tasrif and IEA Executive Director Dr Fatih Birol, the project will focus on optimising the design and implementation of a new flagship scheme to […]
ING Groep N : invests in clean energy in Southeast Asia
ING has added another first to its growing portfolio of sustainable finance deals in Asia-Pacific by issuing a $75 million loan to Singapore-based Cleantech Solar. This is the largest green loan in Asia Pacific to date in the commercial and industrial (C&I) renewables sector.
DBS launches transition financing framework to help ‘less than dark-green’ industries
Singapore’s largest bank has rolled out a finance framework and taxonomy to guide carbon-intensive clients towards a low-carbon economy. With its latest framework, DBS will evaluate the economic activities and strategy of their clients to assess if they are in line with the Paris Agreement.
