• $80 million financing to catalyse renewable energy projects in South-East Asia.
• Expected to unlock $300 million of projects, delivering 260 MWp solar and 175 MWh battery storage.
• Annual reduction of approximately 257,000 tonnes of CO2 emissions.

Pentagreen Capital, a sustainable infrastructure financing platform founded by HSBC and Temasek, and British International Investment (BII) have jointly launched an $80 million financing facility with ib vogt Singapore to fast-track utility-scale solar and battery storage projects across South-East Asia.

The funding will initially drive around $300 million worth of green energy projects in the Philippines, Indonesia, and other eligible countries, providing approximately 260 MWp of solar power and 175 MWh of battery storage.

The first project supported by this facility is a 100 MWp solar power initiative in the Philippines. The facility provides essential mezzanine financing, enabling swift construction and supporting additional senior debt deployment from HSBC.

Nik Mehta, British High Commissioner to Singapore, said:

“The UK is committed to mobilising the capital and partnerships needed for a more prosperous, low-carbon future. We are proud to support this transformative clean energy initiative through British International Investment, which will drive sustainable growth, create jobs, and unlock new market opportunities in the region.“

Utility-scale hybrid solar solutions are critical for reliable and affordable clean power, particularly with battery storage enhancing grid stability during non-generation periods. The planned projects will collectively deliver 400 GWh of clean electricity annually, avoiding roughly 257,000 tonnes of CO2 emissions.

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Marat Zapparov, CEO of Pentagreen Capital, noted:

“We are delighted to join hands with ib vogt and British International Investment to provide capital for the scale up of clean energy investments in South-East Asia. This landmark partnership demonstrates that innovative financing has a significant role to play in catalysing capital to critical renewable infrastructure such as utility-scale solar and battery storage projects. Indonesia and the Philippines have been identified as the initial markets for this financing due to their strong renewable energy potential, supportive regulatory environments and growing demand for clean power. This is the kind of catalytic capital required to accelerate the construction of sustainable, competitive and secure energy infrastructure in the region.“

Rohit Anand, Regional Head (South-East Asia), BII, stated:

“We’re excited to announce this new partnership with Pentagreen and ib vogt which will support the acceleration of clean energy access in South-East Asia. This collaboration underscores our strong commitment to enhancing climate finance and mobilising more capital towards sustainable development in the region, particularly in high-need markets like the Philippines and Indonesia.”

David Ludwig, CEO of ib vogt APAC, added:

“We are thrilled to partner with Pentagreen and BII to unlock the next stage of our growth in South-East Asia. Our team is deeply passionate about accelerating the energy transition and firmly believes that the significant financing volumes required for this region will increasingly depend on innovative solutions like this facility. This partnership marks a crucial step towards implementing our growing pipeline of late-stage projects in the coming years.”

ib vogt Singapore also proudly qualified as a 2X Investment under the 2X Challenge in 2025, recognising gender balance across its personnel and leadership.

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