Heaptalk, Jakarta — Indonesia-based distributed solar developer PT Investasi Hijau Selaras (Hijau) bags fresh funding Singapore’s Clime Capital through the South East Clean Energy Fund ll (SEACEF ll). This energy fund is claimed to invest about US$10 million in Hijau. The SEACEF ll investment will back the accelerated build-out of Hijau’s pipeline, positioning the company to secure follow-on debt financing for long-term growth.
“We are excited to have Clime Capital join us. Their contribution will help us expand our green energy solutions across Indonesia while staying true to our focus on quality, safety, and sustainability,” Victor Samuel, President Director at Hijau, conveyed.
Established in 2017, Hijau has pioneered the archipelago’s nascent solar market. With an established track record in delivering solar energy solutions for Commercial and Industrial (C&I) customers, the company is actively expanding its project pipeline to meet the growing demand for sustainable energy.
Hijau focuses on technical excellence, customer satisfaction, and safety to deliver lasting value to its clients. The company strives to execute all projects to the highest health, safety, environment (HSE), and engineering standards while ensuring full compliance with legal and environmental requirements.
“Clime Capital is delighted to announce this strategic investment in Indonesia’s distributed solar sector. We look forward to supporting the company’s mission to deliver rooftop solar projects at the highest industry standards. Our early-stage investments support Indonesian businesses in reducing their energy expenditure while advancing the clean energy transition,” Indonesia Country Manager at Clime Capital, John Colombo, said.
In early 2024, this venture capital announced its first result of the Southeast Asia Clean Energy Fund ll (SEACEF ll) at US$127 million. Southeast Asia’s first blended investment provides early-stage high-risk capital to support promising businesses, accelerating the region’s low-carbon transition.
This SEACEF ll fund will be disbursed to the promising renewable energy generation, energy efficiency, electric mobility, and electrical grid businesses at their early-stage, high-risk development phases. This managed fund will also offer additional capital to expedite the scale-up of its portfolio companies.
The first close of SEACEF ll lays the groundwork for the net-zero transition by making new investments in promising clean energy projects and businesses. Several funding transactions in Southeast Asia are underway and will be announced as the transactions are finalized.
