Pentagreen Capital’s Green Investments Partnership raises $800 million for climate-focused infrastructure in Southeast and South Asia
Type: Financing · Technology: Renewable Energy · Country: Singapore · Value: $800M · Announced: 2026-05-20
Pentagreen Capital, a sustainable infrastructure financing platform backed by HSBC and Temasek, announced the second close of its Green Investments Partnership (GIP) with $800 million in committed capital to finance green and sustainable infrastructure across Southeast and South Asia. The blended finance program, part of Singapore’s Financing Asia’s Transition Partnership (FAST-P), targets climate-related infrastructure in marginally bankable sectors such as renewable energy, storage, electric vehicle infrastructure, sustainable transport, and water and waste management. The fund employs innovative blended and tiered capital structures to mobilize private capital alongside public and philanthropic funding, addressing Asia’s critical climate finance gap. New lenders joining the second close include the Development Bank of Singapore (DBS) and Cathay United Bank, which entered into senior tranche lending arrangements, while additional partners participated in the junior portion of the program. Kelvin Wong, Chief Sustainability Officer at DBS, highlighted the role of public-private partnerships like FAST-P in overcoming perceived risks to attract commercial financing at scale for transition projects.
Counterparties
- Pentagreen Capital (Manager)
- Mase (Sponsor)
- HSBC (Parent Company)
- Cathay United Bank (Lender)
- DBS Bank (Lender)
- Temasek Holdings (Parent Company)