Singapore central bank’s green finance arm secures US$510 million

SINGAPORE – The Monetary Authority of Singapore (MAS) said its Green Investments Partnership (GIP) has achieved its first close, raising US$510 million in committed capital from a range of global investors, in a major development for its sustainable infrastructure financing scheme.

The GIP, which was launched to stimulate private capital into climate-aligned infrastructure projects in Asia, had sought to mobilise billions in investments for renewable energy, clean transportation, water management and other green sectors. The US$510 million committed represent its initial financing round, laying groundwork for future project deployment.

MAS said that the investors include international and regional financial institutions, as well as private sector funds focused on climate and sustainable investment. The programme offers an investment platform that combines public funding with private capital, aiming to reduce the risks for early-stage projects and accelerate deployment.

While MAS did not disclose all names or precise expected leverage (how much additional private capital the initial close will attract), officials said the success of this first close demonstrates increasing investor appetite for green assets in Asia, especially with regulatory and climate pressures mounting globally.

Challenges remain around project pipeline quality, regulatory consistency and ensuring environmental and social safeguards in implementation.

Sources: MAS press release