Pentagreen Capital and British International Investment (BII) have launched $80 million joint financing to accelerate the rollout of renewable projects across Southeast Asia, in collaboration with international renewable-energy development platform ib vogt Singapore.
Pentagreen is the sustainable infrastructure debt financing platform established by HSBC and Temasek in 2021, and BII is the United Kingdom’s development finance institution and impact investor.
The joint development and construction facility will finance the development and construction of solar, hybrid-solar and battery storage projects in the Philippines, Indonesia and other geographies in Southeast Asia. The facility seeks to initially unlock the implementation of $300 million of projects with a total capacity of approximately 260 megawatt-peak of power-generation capacity and approximately 175 megawatt-hours of battery storage.
The first project to be supported by the facility is a 100-megawa
