responsAbility is set to provide up to USD 25 million in non-recourse project financing, on behalf of its investors, to support the expansion of Verdant Energy’s solar portfolio in Thailand.
Singapore-based Verdant Energy said the transaction forms part of responsAbility’s USD 500 million Climate Investment Strategy for Asia, a private debt strategy focused on climate infrastructure across emerging and developing markets and supporting scalable private-sector infrastructure solutions that contribute to decarbonisation.
Verdant Energy said it develops, constructs, owns, and operates renewable energy assets across Southeast Asia, with offices in Thailand, Vietnam, and the Philippines.
This facility underscores responsAbility’s commitment to deploying capital from its USD 500 million Climate Investment Strategy for Asia, which is dedicated to accelerating decarbonisation across emerging and developing markets in the region. By backing scalable platforms such as Verdant Energy, we aim to support the build-out of critical renewable energy infrastructure while mobilising private capital towards Asia’s energy transition.
Verdant Management’s Vision for Renewable Energy Growth in SEA
Jay Bathija, Principal, Climate Infrastructure Investments at responsAbility, said: “This transaction is fully aligned with responsAbility’s strategy of supporting scalable renewable energy companies that contribute to decarbonisation while addressing growing energy demand in emerging markets. Verdant’s strong execution track record, scalable business model, and presence in Thailand, a market with attractive renewable energy growth prospects, make it a compelling partner for advancing clean energy deployment in the region.”
Alan Yau, CEO, Verdant Energy, said: “Southeast Asia is at the forefront of the global energy transition, driven by rapid economic growth and increasing demand for reliable, affordable, and sustainable power. At Verdant Energy, our vision is to be a leading regional renewable energy platform by partnering with governments, customers, and capital providers to accelerate the deployment of high-quality clean energy infrastructure. This collaboration with responsAbility further strengthens our financial capacity to scale our portfolio and contribute meaningfully to the region’s decarbonisation journey.”
Sivaramakrishnan Sreedharan, CIO, Verdant Energy, said: “Access to long-term, flexible project capital is essential to scaling renewable energy infrastructure. This facility enables us to accelerate the delivery of bankable projects while maintaining the disciplined investment and risk management principles that underpin Verdant Energy’s growth strategy across Southeast Asia.”
