Issue 200: MAS-supported blended fund hits milestone; UN urges data centre transparency

Sustainable finance

MAS-led blended platform passes key test

Singapore’s blended finance initiative Financing Asia’s Transition Partnership, or Fast-P, has hit another milestone with a second fund reaching a close.

The Energy Transition Acceleration Finance (ETAF) partnership reached a US$250 million first close for its “displacement” strategy, which will support investments in grid modernisation and other energy transition infrastructure projects such as energy storage that can accelerate the displacement of fossil fuel-based power generation. ETAF also has a mandate for a “replacement” strategy, which focuses on replacing coal-fired power generation with lower-emissions power sources.