Singaporean fund manager Clime Capital has announced its investment in PT Investasi Hijau Selaras (Hijau), a distributed solar developer based in Indonesia that caters to commercial and industrial (C&I) customers.
This investment is part of Clime Capital's Southeast Clean Energy Fund II (SEACEF II), which can allocate up to USD 10 million (EUR 9.25 million) to support Hijau's growth and development.
Hijau, formerly known as ATW Hijau, was established in 2017 and currently boasts approximately 17 MWp of installed solar power capacity, according to the company's website.
This investment marks a continuation of SEACEF II's recent activities, as the fund also committed the same amount to solar provider Upgrade Energy Philippines (UGEP) in September.
