Sustainability
IFC provides $200M loan to boost sustainable finance in Indonesia
Through a $200 million loan to PT Bank Shinhan Indonesia (BSI) — a corporate and retail finance bank in the country —IFC aims to boost sustainable financing while supporting the nation's climate goals, including a first of its kind blue finance component.
Maybank partners Gentari to explore green mobility, renewable energy solutions
Malaysian lender Malayan Banking Bhd (Maybank) and clean energy firm Gentari have on Monday announced a significant step towards a more sustainable future with the signing of a memorandum of understanding (MOU) to explore collaboration in green mobility and renewable energy solutions.
Singapore’s Thryve.Earth raises $2.6M in funding round led by Openspace
Thyrve.Earth, a Singapore-based technology-enabled project developer conserving and restoring nature, has on Wednesday announced a $2.6 million investment in a round led by a prominent regional venture capital firm, Openspace. The round also attracted participation from existing investors, Capital Code, and key strategic angels.
Malaysia’s Gentari appoints Solarvest to install solar power systems at over 300 Petronas stations across Malaysia
In a significant move towards a more sustainable future, Solarvest Energy Sdn Bhd, a subsidiary of leading clean energy expert Solarvest Holdings Berhad, has been appointed by Gentari Renewables Sdn Bhd, a subsidiary of Gentari Sdn Bhd (Gentari), to install solar power systems at over 300 PETRONAS stations across Malaysia.
East Ventures, Temasek Foundation launches second Indonesia’s climate tech innovations competition
East Ventures, a Southeast Asian sector-agnostic venture capital firm, and Temasek Foundation, a Singapore-based non-profit philanthropic organization that supports sustainable development initiatives, have on Monday announced the second edition of the Climate Impact Innovations Challenge (CIIC) 2024, Indonesia's largest climate tech innovations…
JC3 works on specific action plans to support economy transition in Malaysia
The Joint Committee on Climate Change (JC3), the platform established in 2019 to pursue collaborative actions for building climate resilience within the Malaysian financial sector, will continue to work with the government, the financial industry and its partners on specific action plans to support a just and orderly transition of the economy.
China’s GDS inks renewable energy agreement with Malaysia’s Cenergi
GDS, a China-based developer and operator of high-performance data centers, has reinforced its commitment to sustainability by establishing a 21-year renewable energy virtual power purchase agreement (VPPA) with Malaysia’s solar power producer and diversified renewable energy developer, Cenergi SEA Berhad (Cenergi).
India’s InSolare Energy raises $8M to enhance renewable energy business
InSolare Energy, an India-based renewables engineering, procurement and construction (EPC) company dedicated to customer-centric and technology-driven solutions, has raised Rs 660 million (approximately $8 million) in a growth funding round.
Malaysia’s Gentari partners SEDC Energy to develop centralized hydrogen production hub in Sarawak
Malaysian clean energy solutions provider Gentari Sdn Bhd (Gentari), through its subsidiary Gentari Hydrogen Sdn Bhd, has signed a heads of agreement (HOA) with SEDC Energy Sdn Bhd (SEDCE), a subsidiary of the Sarawak Economic Development Corporation, for the joint development of a centralized hydrogen production hub in Sarawak’s Bintulu, to be known as the…
India’s Varaha raises $8.7M in Series A funding round led by RTP Global
Varaha, an India-based full-stack climate-tech company that specializes in generating carbon credits from nature, has on Thursday announced it has raised $ 8.7 million. The Series A funding round is led by RTP Global with contributions from Omnivore and Orios – both returning investors – and marks the inaugural investment by Norinchukin Bank, one of Japan's…
