DBS Bank has provided USD210 million in senior debt financing to ETAFCo, an investment vehicle managed by Clifford Capital under Singapore’s Financing Asia’s Transition Partnership (FAST-P). The facility is the first loan extended to ETAFCo and is intended to support investments in energy transition infrastructure projects across Asia.
The financing will be used to fund debt investments in renewable power generation, electricity grid upgrades, energy storage systems, and other clean energy infrastructure projects designed to reduce dependence on coal-fired power generation. The transaction expands the pool of capital available for low-carbon infrastructure development and supports the deployment of projects that contribute to the region’s energy transition objectives.
DBS said the transaction makes it the only commercial bank participating in two FAST-P partnerships. The bank had previously committed USD 75 million to the Green Investments Partnership, another FAST-P initiative managed by Pentagreen Capital. FAST-P is designed to mobilise public and private capital for sustainable infrastructure investments that accelerate decarbonisation and strengthen energy security across Asia.