Who funds Southeast Asian energy

Launched the US$170 million Philippine Geothermal Resource De-Risking Facility with the DOE and Landbank in December 2025. The government covers at least half of geothermal exploration and drilling costs through a conditionally repayable grant, and applications opened in Q1 2026. ADB also co-financed the Muara Laboh geothermal expansion in Indonesia (January 2025).

Invested US$15 million in Southeast Asia Clean Energy Fund II, which backs early stage clean energy companies in the Philippines, Indonesia and Vietnam (January 2024). IFC is also one of three delivery partners for the Climate Investment Funds' US$500 million coal transition plan for the Philippines.

Joined the World Bank's Philippine energy transition program with US$200 million in co-financing (June 2026). Also approved an investment in the Actis Asia Climate Transition Fund in 2024.

Provides US$1.02 billion (a US$1 billion loan plus a US$20 million grant) for the Philippines Energy Transition and Climate Resilience Program, which supports private investment in renewable energy and electricity market reforms (June 2026).

Endorsed a US$500 million Accelerating Coal Transition plan for the Philippines (US$475 million in loans, US$25 million in grants) in June 2024. It targets 1,500 MW of new renewable capacity by 2030, including battery systems, offshore wind, floating solar and pumped hydro, delivered through ADB, the World Bank and IFC.

Extended a P4.05 billion loan for 82 MWp of embedded solar projects in Central Luzon (July 2026), joined the syndicated loan for the Pakil and Wawa pumped storage projects (March 2026), and manages the US$170 million geothermal de-risking facility for the DOE.

Runs the Solar Merchant Power Plant Financing Program for utility-scale solar: up to 60% of project cost in Luzon and 50% in the Visayas, with tenors of up to 12 years and a one-year grace period on principal.

Co-provided a US$30 million bridge loan to fund Verdant Energy's acquisition of Philippine Hybrid Energy Systems, a 16 MW wind farm with 6 MW / 6 MWh of battery storage in Puerto Galera, Oriental Mindoro (February 2026).

Its Emerging Market Transition Debt strategy co-provided the US$30 million bridge loan for Verdant Energy's acquisition of the Puerto Galera wind and storage facility in Oriental Mindoro (February 2026).

Provided a US$30 million green loan with Pentagreen Capital to BECIS for bioenergy projects in Southeast Asia and India (2024).

Structured a US$100 million facility as mandated lead arranger and committed US$30 million for six solar projects totalling 490 MW in Luzon (September 2023). Later provided US$55 million for solar and battery storage projects in the Philippines.

Acquired Alba Renewables, a Singapore-based IPP with a 1.8 GW solar, wind and battery pipeline mainly in the Philippines and Thailand, through its Catalytic Transition Fund (November 2025).

Developing a 1 GW offshore wind project in the Philippines, which it has described as the country's first large-scale offshore wind farm. In May 2025 it agreed to bring in a Philippine partner for a stake, and in June 2026 it held talks with the government on advancing the project.

Closed its Asia climate fund at US$560 million in October 2024, with AIIB among its backers.

Manages Southeast Asia Clean Energy Fund II, backed by IFC, FMO, Norfund, Swedfund, British International Investment and others, to fund utility-scale clean energy start-ups in the Philippines, Indonesia and Vietnam (January 2024).

Reached financial close on about US$310 million of senior debt for the 500 MWp Ixus Bugallon solar project in Pangasinan, arranged by eight international banks (July 2026).

Secured P273.47 billion of financing for the 1,400 MW Pakil pumped storage project in Laguna and the 600 MW Wawa pumped storage project in Rizal, both targeted for completion by 2030 (March 2026).

Acquired Philippine Hybrid Energy Systems, a 16 MW wind farm with 6 MW / 6 MWh of battery storage in Puerto Galera, Oriental Mindoro, its first Philippine deal. It plans to invest in more than 1.5 GW of projects across Asia-Pacific within five years (February 2026).

Holds a 1.8 GW solar, wind and battery pipeline mainly in the Philippines and Thailand, and is building a 65 MWp solar project in Isabela. Acquired by Brookfield's Catalytic Transition Fund in November 2025.

Signed an agreement with the Philippine DOE and Board of Investments to develop up to 1 GW of solar, wind and battery storage by 2030 (January 2025).

Holds offshore wind service contracts in Central, Southern and Northern Luzon and Southern Mindoro, targeting 7.6 GW in the Philippines, its largest market. It has completed a system impact study with the grid operator and targets construction from 2028 (July 2024).

Signed a loan of about US$138 million for the Muara Laboh geothermal expansion in West Sumatra, Indonesia, adding about 83 MW, as part of a roughly US$370 million co-financing with ADB and Japanese banks (January 2025).

One of eight banks providing about US$310 million of senior debt for Vena Energy's 500 MWp Ixus Bugallon solar project in Pangasinan (July 2026).

One of eight banks providing about US$310 million of senior debt for Vena Energy's 500 MWp Ixus Bugallon solar project in Pangasinan (July 2026).

One of eight banks providing about US$310 million of senior debt for Vena Energy's 500 MWp Ixus Bugallon solar project in Pangasinan (July 2026).

One of eight banks providing about US$310 million of senior debt for Vena Energy's 500 MWp Ixus Bugallon solar project in Pangasinan (July 2026).

One of eight banks providing about US$310 million of senior debt for Vena Energy's 500 MWp Ixus Bugallon solar project in Pangasinan (July 2026).

One of eight banks providing about US$310 million of senior debt for Vena Energy's 500 MWp Ixus Bugallon solar project in Pangasinan (July 2026).

Lender to the 500 MWp Ixus Bugallon solar project (July 2026), part of the P58.6 billion international facility for the Pakil and Wawa pumped storage projects (March 2026), and co-lender on the Muara Laboh geothermal expansion in Indonesia (January 2025).

Part of the P58.6 billion international facility for the 1,400 MW Pakil and 600 MW Wawa pumped storage projects (March 2026), and co-lender on the Muara Laboh geothermal expansion in Indonesia (January 2025).

Lender to the 500 MWp Ixus Bugallon solar project (July 2026), part of the P58.6 billion international facility for the Pakil and Wawa pumped storage projects (March 2026), and co-lender on the Muara Laboh geothermal expansion in Indonesia (January 2025).