Regional : Southeast Asia Clean Energy Fund II, L.P.
An equity investment of up to $5 million in Southeast Asia Clean Energy Fund II, LP a targeted $175 million regional private equity fund. SEACEF II will invest in early-stage infrastructure companies that utilize scalable business models and proven low carbon technologies in Southeast Asia to accelerate climate transition by materially avoiding or reducing greenhouse gas emissions through its investments.
Project Details
-
Project Officer
Torchiva, Kervin John S.
Private Sector Operations Department
Request for information -
Approval Date
22 July 2024 -
Country/Economy
Regional -
Sector
- Finance
- Project Name
- Southeast Asia Clean Energy Fund II, L.P.
- Project Number
- 58152-001
- Borrower / Company
- Southeast Asia Clean Energy Fund II, L.P.
- Country / Economy
- Regional
- Indonesia
- Philippines
- Viet Nam
- Location
- Indonesia - Nation-wide; Philippines - Nation-wide; Viet Nam - Nation-wide
- Type or Modality of Assistance
Approval Number Facility Fund Source Amount Status 7846 Equity Ordinary capital resources USD 5.00 million Approved - Operational Priorities
- OP2: Accelerating progress in gender equality
- OP3: Tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability
- Sector / Subsector
Finance / Infrastructure finance and investment funds
- Gender
- Gender equity theme
- Project Sponsor(s)
- Description
- An equity investment of up to $5 million in Southeast Asia Clean Energy Fund II, LP a targeted $175 million regional private equity fund. SEACEF II will invest in early-stage infrastructure companies that utilize scalable business models and proven low carbon technologies in Southeast Asia to accelerate climate transition by materially avoiding or reducing greenhouse gas emissions through its investments.
- Objectives and Scope
- The investment is intended to help accelerate climate transition and address development challenges arising from climate change impacts.
- Linkage to Country/Regional Strategy
The investment aligns with ADB's Strategy 2030 operational priorities (OPs): accelerate progress on gender equality (OP2), which seeks to expand green and inclusive infrastructure facilities that advance gender equality and enhance women's mobility and jobs opportunities. Further, the investment aligns with tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability (OP3), which seeks to scale up support for climate-resilient infrastructure.
The investment is consistent with ADB's country partnership strategies for Indonesia, the Philippines, and Viet Nam, which highlight the need to support private sector development and prioritize building climate-resilient infrastructure and climate-smart technologies. The investment will support clean energy transition and enable more inclusive growth by addressing climate threats to communities that are most vulnerable in the target countries.
The investment is consistent with ADB's Energy Policy to build a sustainable and resilient energy future by increasing energy efficiency and the use of renewable and low carbon energy. Further, the investment is consistent with ADB's Operational Plan for Private Sector Operations, which supports investments in private equity funds that enable ADB to deploy and mobilize equity capital efficiently to support companies in realizing their expansion plans, thereby generating strong multiplier effects on ADB's capital.
Safeguard Categories
- Environment
- FI
- Involuntary Resettlement
- FI
- Indigenous Peoples
- FI
Summary of Environmental and Social Aspects
- Environmental Aspects
- ADB has categorized the investment as Category FI for environment, involuntary resettlement, and Indigenous Peoples in compliance with ADB's Safeguard Policy Statement (2009) (SPS)
- Involuntary Resettlement
- ADB has categorized the investment as Category FI for environment, involuntary resettlement, and Indigenous Peoples in compliance with ADB's Safeguard Policy Statement (2009) (SPS)
- Indigenous Peoples
- ADB has categorized the investment as Category FI for environment, involuntary resettlement, and Indigenous Peoples in compliance with ADB's Safeguard Policy Statement (2009) (SPS)
- Stakeholder Communication, Participation, and Consultation
Contact
- Responsible ADB Officer
- Torchiva, Kervin John S.
- Responsible ADB Division
- Private Sector Investment Funds and Special Initiatives Division
- Responsible ADB Department
- Private Sector Operations Department
Timetable for assistance design, processing, and implementation
- Concept Clearance
- 23 Apr 2024
- Credit Committee Meeting
- -
- Approval
- 22 Jul 2024
- Last PDS Update
- 22 Jul 2024
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.
| Title | Document Type | Document Date |
|---|---|---|
| Southeast Asia Clean Energy Fund II, L.P.: FAST Report | Faster Approach to Small Nonsovereign Transactions | Jul 2024 |
| Southeast Asia Clean Energy Fund II, L.P.: Preliminary Poverty and Social Analysis | Initial Poverty and Social Analysis | Jun 2024 |
Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.
None currently available.
Evaluation Documents See also: Independent Evaluation
None currently available.
Related Publications
None currently available.
The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.
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