PROJECT

Projects

Summary of Investment Information

Project Number

46673

Company Name

RESPONSABILITY ASIA CLIMATE FUND S.A., SICAF SIF

Date SPI Disclosed

Mar 13, 2024

Country

South Asia Region

Region

South Asia

Projected Board Date

Apr 24, 2024

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Aug 28, 2025

Department

Regional Industry - FIG Asia & Pac

Industry

Funds

Previous Events

Approved : Jul 17, 2024
Signed : Jul 16, 2025
Invested : Aug 26, 2025

Sector

Other Sector Fund

Additional Project Attributes

Blended Finance

Project Description

Asia Climate Fund (“ACF” or the “Fund”) is a structured climate debt fund (in the process of being raised), with a primary focus on renewable energy (“RE”), energy efficiency (“EE”), electric mobility (“EV”) and climate tech opportunities focusing in India and other Southeast Asia markets. ACF seeks to raise up to US$500 million to provide senior secured, mezzanine and convertible debt, equity participation notes as well as technical assistance to the underlying Fund investees.  The project is expected to be supported by IDA20 Private Sector Window Blended Finance Facility (“IDA20 PSW BFF) as described in the Blended Finance Section.                                             

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation