PROJECT

Projects

Summary of Investment Information

Project Number

49047

Company Name

Southeast Asia Clean Energy Fund II, LP

Date SPI Disclosed

Oct 20, 2023

Country

East Asia and Pacific Region

Region

East Asia and the Pacific

Projected Board Date

Nov 20, 2023

Environmental Category

FI-1 - Significant

Status

Active

Last Updated Date

Jan 28, 2024

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : Nov 20, 2023
Signed : Dec 22, 2023
Invested : Jan 26, 2024

Sector

Growth Equity Fund

Additional Project Attributes

Blended Finance
Public-Private Partnerships

Project Description

The proposed investment is for up to US$10m (capped at 20% of total commitments) in Southeast Asia Clean Energy Fund II, L.P. (the Fund or SEACEF II), a US$135m (target) private equity (PE) fund focusing on early-stage and growth-stage investments in utility-scale clean energy and climate-transition projects in Southeast Asia (SE Asia). The project is expected to be supported by the Finland IFC Climate Change Program as described in the Blended Finance Section.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation