Investment management firm ADM Capital (Asia Debt Management Hong Kong Limited) announced on Monday that it will launch an Asian-focused debt fund dedicated to renewable energy after receiving $100 million from the Asian Infrastructure Investment Bank.
The fund will provide medium term debt financing for renewable energy developers and projects, ADM Capital stated.
The firm is aiming for a final close of $500 million in 2021 and also is in discussions with a range of investors looking to scale up investment in Asia’s renewable energy sector, it added.
Recently, the ADB team appreciated the initiative and expressed their interest to work with SEPC on a potential floating solar project in Bangladesh. They have also expressed their interest to finance floating solar power project.