Sustainability

Clime Capital, the Singapore-based fund manager focused on accelerating the low carbon transition, has on Monday announced the first close of the South East Asia Clean Energy Fund II (SEACEF II), with $127 million committed. SEACEF ll is the first blended investment fund established in Southeast Asia to provide early-stage high-risk capital to support…

European bank Societe Generale and IFC, a member of the World Bank Group, have signed a collaboration framework agreement to accelerate on sustainable finance in developing countries, as part of both institutions' shared ambition to contribute to the UN Sustainable Development Goals (SDGs) and strong commitment to the environmental transition and…

Element Zero, an Australia-based green materials platform company, announced Wednesday that it has raised $10 million in seed funding led by Playground Global. The firm will use the funding to grow research and development (R&D), engineering, and project development teams and scale the development of a pilot iron plant.

Bursa Carbon Exchange (BCX), a wholly-owned subsidiary of Malaysian stock exchange Bursa Malaysia Berhad, has announced a strategic collaboration with the Malaysian Photovoltaic Industry Association (MPIA), marking a significant step in the enhancement of Malaysia’s voluntary renewable energy certificates (RECs) market.

Malaysia-based clean energy solutions provider Gentari, through its subsidiary Gentari International Renewables Pte Ltd has added offshore wind capacity into its portfolio, following an investment into the Hai Long offshore wind project located off the Changhua coast in the Taiwan Straits.

Adani Green Energy Ltd (AGEL), India’s largest renewable energy developer, said its shareholders will invest INR 9,350 crore ($1.13 billion) in the company to boost its capacity. The funds will be utilized for deleveraging and accelerated capital expenditure.

Malaysian utility firm Tenaga Nasional Berhad (TNB) and property developer Sime Darby Property Berhad have joined forces in a landmark collaboration aimed at expediting sustainable energy projects within Sime Darby Property’s Township developments.

Japan-based investment firm Mercuria Holdings Co., Ltd. has partnered Singapore financial services group Overseas-Chinese Banking Corporation Limited (OCBC) to launch a fund to finance sustainability projects in ASEAN.

Keppel Infrastructure Fund Management Pte. Ltd. (KIFM), as Trustee-Manager of Keppel Infrastructure Trust (KIT) is committing up to €109m ($119.81 million) to acquire a 45 percent effective stake in German renewable energy (RE) firm Enpal B.V. (Enpal)’s solar portfolio (AssetCos) through a special purpose vehicle (SPV).

While 2023 has been a down year for startup investment in most industries, cleantech and sustainability-focused categories have held up comparatively well, Crunchbase said Tuesday. Per Crunchbase data, global investors have poured approximately $13.9 billion this year into companies working on everything from battery recycling to water-conserving crops.…