Ditrolic Energy Secures Deal with BlackRock’s Climate Finance Partnership for Solar Expansion Across Emerging Markets

Ditrolic Energy Holdings Sdn. Bhd. has struck a significant deal with BlackRock’s Climate Finance Partnership (CFP) to support its venture into building commercial and industrial (C&I) and utility-scale solar assets across emerging markets in the Asia Pacific region.

Established in 2009, Ditrolic Energy stands as one of the largest renewable energy developers in Malaysia and Southeast Asia, managing a fully-integrated value chain from project development to asset management. The company currently operates and constructs over 450MW of solar assets in Malaysia, Southeast Asian countries, Bangladesh, and China. With the backing of CFP, Ditrolic Energy solidifies its position as a leading pure-play energy transition entity in Malaysia.

CFP, a collaborative effort involving BlackRock and government entities from France, Germany, and Japan, along with prominent US impact organizations, aims to channel blended capital into climate infrastructure projects in non-OECD countries across Asia, Latin America, and Africa.

This partnership is geared towards facilitating Ditrolic Energy’s ambitious pipeline of solar projects exceeding 1 GW in capacity across Malaysia, Bangladesh, Indonesia, and the Philippines. Additionally, it will support investment and expansion of the company’s flagship 360° Clean Energy Solution, EnerLoop, incorporating technology for Carbon Tracking, Battery Energy Storage System, and Green Electricity Sales.

By leveraging this collaboration, Ditrolic Energy plans to position Malaysia as its investment hub, focusing on energy transition projects in alignment with Malaysia’s National Energy Transition Roadmap (NETR) program. Tham Chee Aun, Founder and Group CEO of Ditrolic Energy, expressed gratitude for BlackRock’s support, emphasizing the potential to accelerate the transition to low carbon economies across multiple markets.

Valerie Speth, APAC Co-Head of Climate Infrastructure at BlackRock, highlighted Ditrolic Energy’s proven track record in solar development across the region, underscoring the partnership’s role in mobilizing capital for climate infrastructure in emerging markets.

The Asia Pacific region, accounting for 40% of global carbon emissions, presents significant opportunities for renewable energy development. The partnership aims to drive greenfield renewables capacity to support growth in emerging markets such as Malaysia, Bangladesh, Indonesia, and the Philippines, aligning with their respective renewable energy goals.

BlackRock’s Climate Finance Partnership secured US$673 million in commitments from a global consortium of investors including governments, philanthropies, and institutional investors in an oversubscribed final fundraise, exceeding the initial target of US$500 million. BlackRock currently manages over US$50 billion of infrastructure client AUM is comprised of infrastructure equity, debt and solutions, and has grown both organically and inorganically since inception in 2011.