Inadequate investment in power grids is holding back developing countries in Asia and the Pacific from embracing the full benefits of an energy transition, including enhanced energy security, the creation of millions of green jobs, and the expansion of electricity access, the Asian Development Bank (ADB) said in its new report.
ADB said in a statement on Monday that the bank calls for the...
Clime Capital, the Singapore-based fund manager, has announced that the South East Asia Clean Energy Fund ll (SEACEF ll) has achieved maximum capitalization with $175 million committed.
SEACEF ll, the first blended investment fund established in Southeast Asia to provide early-stage high-risk capital to support promising businesses accelerating the region’s low-carbon transition, now...
While the recent US Framework for AI Diffusion presents a dent to Malaysia’s booming DC space, Hong Leong Investment Bank Research said Wednesday that Malaysian government supportive policies will provide a competitive advantage in data center (DC) investment.
The research house said in a note that Malaysia’s competitive advantage over its regional peers in the DC space stems in...
Arysun, an Indonesia-based climate-tech startup, has raised $575,000 in pre-Seed funding led by Wavemaker Impact, with additional participation from the First Move Fund.
Arysun said in a statement on Wednesday that the funding will fast-track its efforts to provide affordable, user-friendly solar solutions for middle-income households across Southeast Asia.
The pre-Seed funding will allow the...
Seraya Partners said Monday that energy transition, digitalization, and regionalization, are driving new investment opportunities across developed and emerging Asia, as the region continues to drive global economic growth.
The Asia-based independent private equity fund said in its latest whitepaper that an estimated $1.7 trillion in annual funding is required to sustain growth, modernize...
Singtel’s regional data center arm, Nxera DCT Pte Ltd., has secured a S$643 million ($476 million) five-year green loan to finance the development of a new 58MW data center in Singapore, DC Tuas.
DBS, OCBC, Standard Chartered, HSBC and UOB are financing the loan and have been appointed as green loan coordinators, Singtel said in a statement on Friday.
The loan proceeds will go toward...
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