US$800 million commitment achieved by FAST-P initiative Green Investments Partnership

Lin Daoyi05-20

GIP has achieved its second close, obtaining a cumulative total of US$800 million in commitments.The Green Investments Partnership (GIP), an initiative under Financing Asia’s Transition Partnership (...

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Investments Partnership\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-05-20 04:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/news/sustainability/us800-million-commitment-achieved-fast-p-initiative-green-investments?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Lin Daoyi</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GIP has achieved its second close, obtaining a cumulative total of US$800 million in commitments.The Green Investments Partnership (GIP), an initiative under Financing Asia’s Transition Partnership (...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/sustainability/us800-million-commitment-achieved-fast-p-initiative-green-investments?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0261947096.USD","symbol_name":"FIDELITY FUNDS  SUSTAINABLE ASIA EQUITY \"A\" (USD) 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He made the announcement on May 20 at Ecosperity Week 2026. \nChee, adds that DBS and Cathay United Bank have joined the GIP which has committed 25% of its first close amount, or US$128 million, to four sustainable infrastructure investments in Southeast Asia.\nLaunched in 2023 by the Monetary Authority of Singapore, FAST-P uses blended finance structures to mobilise public, private and philanthropic capital to invest in green and transition solutions that have traditionally found it harder to attract financing.\nGIP is managed by Pentagreen Capital, a sustainable infrastructure debt financing platform established by HSBC and Temasek. As one of the largest privately managed Asia-focused blended finance programmes, the GIP is the first platform under the FAST-P initiative to reach closing. The first close reached US$510 million.\nIn addition to GIP, Chee also shares updates on two other FAST-P initiatives — the Industrial Transformation Programme (ITP) and Energy Transition Acceleration Finance (ETAF) have increased their membership. \nFor ITP, British International Investment and the Japan International Cooperation Agency have joined the coalition of initial partners, with the Asian Development Bank also poised to be part as well.\nMeanwhile, the ETAF welcomed Private Infrastructure Development Group and DBS as new partners for its displacement sleeve.\n“There is more to look forward to as ITP and ETAF are progressing towards their first closes later this year,” says Chee. “ Each new partner and every dollar committed sends a powerful signal that the world’s leading institutions are staying the course on climate action, an important reassurance during this period of greater global uncertainty.”\n“And each commitment brings us closer to the scale of financing needed to support Asia’s energy transition,” adds Chee.\nFAST-P will also be augmented with the formation of a new international advisory board that will be chaired by Ravi Menon, Singapore’s ambassador for climate action, shares Chee. In addition to providing strategic advice and feedback to keep FAST-P aligned with global and regional energy transition trends, this board will also guide the scaling and deployment of FAST-P funds and inform the development of its next phase.\nBesides Menon, members include Lord Adair Turner, Chair of the Energy Transitions Commission; Baroness Shriti Vadera, chair of the World Bank Private Sector Investment Lab; and Mark Gallogly, co-founder of Three Cairns Group.\nSeparately, it was announced that DBS and Cathay United Bank entered into senior tranche lending arrangements at the second close with GIP, as well as a new industry partner joining the junior portion of the programme. A number of existing partners have also increased their participation at second close.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.2","shortVersion":"4.42.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2637821452","isCrawlerRequest":true}