US$13.5 million investment commitment in South-East Asia Clean Energy Fund II (SEACEF II)

British International Investment (BII) has announced a commitment of a US$13.5 million investment in South-East Asia Clean Energy Fund II (SEACEF II), managed by Singapore-based fund manager Clime Capital.

SEACEF II stands as the inaugural blended investment fund established in Southeast Asia, designed to offer early-stage high-risk capital for the advancement of promising ventures in the renewable energy generation, energy efficiency, electric mobility, and electrical grid sectors. The initial closing of the fund, totaling US$127 million, is supported by junior first-loss equity investors, including Allied Climate Partners, Australian Development Investments, the Global Energy Alliance for People and Planet (GEAPP), and Impact Assets. Distinguished senior equity investors, alongside BII, encompass the Cisco Foundation, FMO, the International Finance Corporation (IFC), Norway’s Norfund, REI Co-op, and Sweden’s Swedfund International.