Learn more about our investment portfolio and how we achieve leveraged impact to accelerate the low-carbon transition
Our Investment Portfolio
The Southeast Asian Clean Energy Facility (SEACEF) provides early-stage development capital to solar, wind, storage, energy efficiency, electric mobility, and infrastructure businesses and projects in Southeast Asia. SEACEF funding helps to de-risk businesses and projects in order to catalyze follow-on private sector investment for de-risked opportunities.
Xurya Daya Indonesia
Investment Announced: August 2020
Indonesia-based Xurya is a distributed clean energy company founded by a team of Indonesian entrepreneurs committed to making rooftop solar a ubiquitous source of clean energy in Indonesia. Founded in 2018, Xurya has emerged as a clean energy market leader in Indonesia, having originated and executed the first wave of solar leasing projects in Indonesia, despite a challenging domestic context in which there is limited experience on the part of both consumers and Indonesian financial institutions. Xurya’s zero upfront cost rooftop solar installations are helping accelerate low carbon energy transition of commercial and industrial building owners in Indonesia.
The SEACEF investment has been critical in helping the Xurya team unlock their potential to achieve an initial critical scale and to raise critical follow-on investment.
Investment Announced: January 2021; Exited: August 2022
SEACEF supported Levanta Renewable’s development of a portfolio of three wind power projects in Vietnam with a combined capacity of up to 330 MW. SEACEF funding helped Levanta to advance development of its early-stage portfolio with initial funding used to finance the installation of met masts to prove the wind resource, to advance critical regulatory permits, and to confirm environmental and social viability through completion of initial EIA. Levanta’s project portfolio is differentiated for its focus on helping to open up Vietnam’s Central Highland for wind developments, which is a region with significantly less grid congestion than in the country’s wind energy “hot spots” but with relatively modest wind speeds.
SEACEF’s investment was crucial to support Levanta to maintain the pace of development for projects that were targeting completion after the end of the current wind feed-in-tariff regime. SEACEF has exited its investment in Levanta Renewables upon the acquisition of a majority stake by Actis, a leading global investor in sustainable infrastructure.
Real Wind Energy Inc.
Investment Announced: January 2021
SEACEF is supporting the development of a wind energy project under development by Real Wind with a potential capacity of up to 500MW deployed in several phases, including a first phase of up to 50 MW. The project, if successful, will be precedent-setting in the Philippines in terms of opening a renewed interest in investment in the Philippine wind sector following the end of a feed-in-tariff regime in 2017.
SEACEF has tranched the drawdown of its investment commitment, starting at an early stage with initial funding used to finance the installation of met masts to prove the wind resource, to confirm grid access through grid impact study, and to confirm E&S viability through the completion of initial EIA.
Tri An, Vietnam
Investment Announced: April 2021
SEACEF is supporting the development of Tri An 500MWp floating solar and 200MWh storage project. The project aims to serve as a template and accelerate the development of other floating solar and storage opportunities in Vietnam and elsewhere in Southeast Asia. Through the introduction of energy storage coupled with large-scale solar, the project aims to help address Vietnam’s power shortage challenge while demonstrating the viability of energy storage to augment the electrical grid and accommodate more low-cost renewable energy.
SEACEF’s tranched investment commitment is supporting the project with initial funding to help in early-stage development work including key technical studies, analyzing grid impacts and access, and advancing environmental and social works including an international-standard ESIA.
Investment Announced: September 2021
Singapore-based Oyika is building a battery swap/charging infrastructure to support the rapid deployment of electric vehicles in Indonesia. By offering affordable power subscription plans bundling battery swaps with electric motorbikes for consumers seeking a cleaner and more cost-competitive motorcycle than traditional petrol motorbikes, Oyika is accelerating the EV adoption and de-carbonizing the transportation sector in Indonesia.
The SEACEF investment is supporting Oyika’s rapid growth in Indonesia, the world’s third-largest market for two-wheelers. With an estimated 138 million motorbikes currently in use in Indonesia, Oyika’s scale-up has the potential to significantly reduce the country’s greenhouse gas emissions while improving urban air quality.
Investment Announced: December 2021
Jakarta-based Synergy Efficiency Solutions (SES) is a market-leading energy efficiency solutions provider focused on the Indonesian market. SES designs and implements shared savings energy efficiency projects for commercial and industrial clients nationwide through the re-engineering of existing systems and the installation of modern and proven technologies. In doing so, SES unlocks unrealized cost-savings for Indonesian businesses, empowering them to be more competitive, while lowering greenhouse gas emissions.
The SEACEF investment is supporting SES’ growth in Indonesia, Southeast Asia’s largest energy consumer. SEACEF’s investment in SES is critical in catalyzing the implementation of energy efficiency projects and the realization of savings by Indonesia’s growing commercial and industrial sectors, thereby supporting Indonesia’s effort to achieve its national decarbonization goals.
Regional (Philippines, Vietnam, Malaysia and Singapore)
Investment Announced: February 2023
Singapore-based Skye Renewables Holdings is a regionally active distributed clean energy developer focused on addressing the rooftop solar opportunity for commercial and industrial customers in Southeast Asia. Skye develops, finances, and operates on-site solar projects for commercial and industrial customers allowing them to enjoy cheaper, cleaner electricity, without incurring any of the upfront capital expenditure. Although southeast Asia remains a largely untapped region for commercial and industrial rooftop deployment, Skye is well positioned to accelerate the deployment of rooftop solar in this region, which will help Southeast Asia achieve the low carbon energy transition.
SEACEF’s investment is critical to support Skye in its deployment of rooftop solar installations and other clean energy solutions, thereby generating significant climate impact through successful execution of its development targets.
Investment Announced: February 2023
Vietnam-based EBOOST is building and operating a low-cost open network EV charging platform to help accelerate green mobility in Vietnam. Through its proprietary IoT and smart phone application integrated charging hub platform, EBOOST is tackling the downstream issue of the lack of EV charging infrastructure in the Vietnamese EV market with a business model focusing on securing exclusive, scalable and multi-year rights for installations of charging stations, primarily at residential and commercial buildings.
The SEACEF investment aim to accelerate EBOOST’s growth in Vietnam, where the company is the current market leader for open network EV charging and only market participant with commercial deployments. EBOOST’s scale up has the potential accelerate EV adoption to de-carbonize the transportation sector and reduce greenhouse gas emissions in the country while improving urban air quality.
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If you are raising development capital for a business or project that meets our investment model and criteria, we would look forward to hearing more from you.