A view of the Monetary Authority of Singapore's headquarters in Singapore June 28, 2017. Picture taken June 28, 2017.
The Monetary Authority of Singapore (MAS) said the financing was raised from several key regional and international players. Contributors include Asia-focused lender HSBC (HSBA.L), (0005.HK), the Australian government, and Singapore’s state-owned investor Temasek (TEM.UL), among others. This collaboration underscores growing interest from both public and private institutions in supporting low-carbon infrastructure across the region.
The Green Investments Partnership is part of the Financing Asia’s Transition Partnership (FAST-P), an initiative launched by MAS in 2023 to drive sustainable financing in Asia. The new fund is intended to direct capital into projects that deliver both environmental and social benefits, aligning with long-term goals of reducing carbon emissions and generating employment opportunities.
Pentagreen Capital, a sustainable infrastructure debt financing platform jointly established by HSBC and Temasek, will serve as the fund manager. The platform was designed to focus on innovative financing structures that help accelerate investment in projects that may otherwise face challenges in securing commercial backing.
Gillian Tan, Assistant Managing Director (Development & International) and Chief Sustainability Officer at MAS, said: "Pentagreen has brought together a diverse group of partners, which are participating across the different commercial and concessional tranches of the capital structure to de-risk and finance marginally bankable green infrastructure projects in the region."
The $510 million in commitments is expected to catalyze additional private capital flows, supporting a broader pipeline of sustainable infrastructure investments. By combining concessional and commercial financing, the fund aims to reduce investment risks and attract greater participation from private sector investors.
The initiative reflects Singapore’s role as a leading financial hub in Asia, promoting collaboration among governments, banks, and institutional investors to accelerate the region’s green transition. It builds on FAST-P’s broader mission to mobilize financing for sustainable development and enable economies in Southeast and South Asia to meet their climate-related targets.
With increasing demand for renewable energy and low-carbon solutions, the Green Investments Partnership is positioned to support infrastructure that addresses both environmental challenges and economic growth. By targeting projects in areas such as clean power generation, transport, and energy storage, the fund will contribute to regional sustainability goals while creating long-term investment opportunities.
