SINGAPORE, June 24 (Reuters) - Singapore's biggest bank DBS said on Wednesday it will provide $210 million in senior debt financing to ETAFCo, an investment vehicle managed by Clifford Capital under Singapore's Financing Asia's Transition Partnership, or FAST-P.
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The facility is the first loan extended to ETAFCo.
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The money will support debt investments in energy transition infrastructure, including renewable power, grid upgrades, energy storage and other clean energy projects aimed at reducing reliance on coal-fired power generation in Asia.
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DBS said the transaction makes it the only commercial bank involved in two FAST-P partnerships. DBS had earlier contributed $75 million to the Green Investments Partnership, a separate FAST-P programme managed by Pentagreen Capital.
Reporting by Yantoultra Ngui Editing by Tomasz Janowski
Source: Reuters