Southeast Asia Clean Energy Fund II
Introduction
Southeast Asia Clean Energy Fund (SEACEF II) invests in companies supporting the climate transition in Southeast Asia, primarily Indonesia, Vietnam and the Philippines.
SEACEF II invests in companies within early-stage renewable energy, energy efficiency and e-mobility in Southeast Asia, a region characterised by high emissions from its largely fossil fuel-based energy production. The investment is expected to contribute to the region’s green transition.
Swedfund qualified the investment in SEACEF II for the 2X Challenge in 2023.
Read more in our press release: Investment to accelerate the energy transition in Southeast Asia
Facts
SDG in Focus
No Poverty
End poverty in all its forms everywhere.
Decent Work and Economic Growth
Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.
Reduced Inequalities
Reduce inequality within and among countries.
Climate Action
Take urgent action to combat climate change and its impacts.
Sector
Energy & Climate
Access to renewable energy is a crucial factor for economic growth and poverty reduction. Today, around 750 million people lack access to electricity, three quarters of whom live in sub-Saharan Africa and the least developed regions of Asia.
Value creation
Our Impact
The investment is expected to lead to increased production and access to electricity, reduced carbon emissions and the implementation of international sustainability standards in the sector. Furthermore, the investment is expected to contribute to jobs and other income-generating opportunities locally by enabling young companies with scalable solutions to grow and develop their business.
ESG
We are working closely with the fund manager to, among other things, develop and implement an environmental and social management system that has the capacity to manage and mitigate environmental and social risks linked to the sector. We are also working on issues related to gender equality and women's economic empowerment.
Additionality
Our investment is financially additional as the investment is made in markets where access to capital is limited and as it is expected to contribute to mobilising capital. The investment is value additional through a strong focus on active value creation during the investment phase, where environmental, sustainability and corporate governance issues are prioritised.