Skye Renewables Energy Pte Ltd, a solar energy developer based in Singapore, has secured $15 million funding from responsAbility Investments AG.
Skye said in a statement on Wednesday that the funding facility will be used to support the construction of renewable assets in Malaysia, Philippines and Vietnam, the core markets for Skye Renewables, including both onsite/rooftop solar systems and
offsite/grid-connected renewables for corporate off-takers.
“having a firm of responsAbility’s calibre and experience providing funding to Skye is very exciting and a true testament to the great work by our team since we started in 2021,
“We hope that this is the start of a long and multi-faceted relationship with responsAbility,” Skye’s Founder and Chief Executive Officer Ross Coull said.
Jay Bathija, Principal, Climate Infrastructure Investments at responsAbility, said Skye Renewables represents the type of Southeast Asia–focused platform they seek to back, one that combines local market insight with scalable execution.
“This investment supports the continued expansion of clean energy solutions across the region and aligns with our strategy to scale climate infrastructure investments in high-growth Asian markets,” he added.
Skye is also backed by Idemitsu Kosan Co., Ltd, a Japanese diversified energy group, and British International Investment, the United Kingdom’s development finance institution.