The Asian Infrastructure Investment Bank (AIIB) has approved an investment of up to $120 million in the Seraya Southeast Asia Energy Transition and Digital Infrastructure Fund.
The fund aims to allocate its investments to digital infrastructure, such as data centers, as well as energy-transition opportunities, such as offshore wind farm vessel operations, transport electrification opportunities, low-energy building solutions and other related subsectors.
AIIB said its investment aims to support the region’s green energy transition and technology-enabled infrastructure development, which is also expected to improve cross-border digital connectivity within Asia.
“AIIB plays a major role in building more resilient and sustainable energy infrastructure to deliver significant socioeconomic benefits, meet growing demand of our members’ economies and help achieve global climate objectives,” said Urjit Patel, vice president, investment operations at AIIB. “AII