Microsoft invests in SEACEF to bolster renewable energy projects

The investment is made through the company’s Climate Innovation Fund.

Multinational technology company Microsoft has invested in the Southeast Asia Clean Energy Facility (SEACEF) through Microsoft's Climate Innovation Fund, SEACEF announced in a media release.

The investment aims to “accelerate deployment of large-scale and scalable clean energy projects and businesses in emerging markets,” Microsoft said in a separate statement.

“This support will enable us to step up our investments in promising early stage renewable energy projects in Southeast Asia,” SEACEF said.

Launched in June 2020, SEACEF’s focused on pushing market adoption of existing technologies in underfunded markets to enable low-carbon economic development in communities hit by the effects of climate change.

Meanwhile, SEACEF has clinched three investment approvals comprising more than 1 GW of renewable energy capacity in promising projects and businesses, such as: Xurya, an Indonesian-distributed clean energy company; a large utility scale wind project in the Philippines being developed by Highland Infrastructure; and Levanta Renewables, an early stage portfolio of wind power projects in Vietnam.

Also Read

Retirement of oil and gas plants needs five times the speed to achieve climate goals

ARENA OKs AGL Energy on Australia’s largest grid-forming battery project

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit