SG and UK collaborate on green Southeast Asia initiatives

A $120m pledge will support the city-state’s FAST-P programme.

Singapore and the UK are collaborating to boost the renewable energy transition and the development of sustainable infrastructure across Southeast Asia.

In a joint statement, both parties said that tha partnership includes the UK pledging $120m (GBP 70m) to Singapore’s Financing Asia’s Transition Partnership (FAST-P) initiative. The funding wil be delivered through the British International Investment (BII).

Through this investment, the UK helps mobilise capital and close infrastructure financing gaps. The financing will help deploy investment capital and blended finance to support low-carbon energy projects and innovative business models, bolstering energy security and climate resilience.

The UK and Singapore are working together to accelerate sustainable infrastructure and investment across the region. This includes supporting early-stage project development through joint technical assistance and encouraging private sector involvement, with a focus on practical solutions to help countries transition to cleaner energy.

$1 = GBP0.58