SEACEF to invest in Skye Renewables
This is in pursuit of Skye’s 300Mwp rooftop solar installation target.
The Southeast Asia Clean Energy facility (SEACEF) has committed development funding to commercial and industrial solar developer Skye Renewables Holdings (Skye).
The funding is in line with Skye’s plan to install at least 300 megawatt-peak of rooftop solar by 2-28 in Southeast Asia. It is estimated that rooftop installations in the region are still below 1%.
“Throughout Southeast Asia, commercial and industrial rooftops remain a largely untapped opportunity to install significant solar energy that will help to advance the low carbon transition now and in the years to come,” Mason Wallick, CEO at Clime Capital, said. Clime capital is the manager of SEACEF.
SEACEF has so far completed six investments in Indonesia, Vietnam, and the Philippines since its launch in June 2020.