Swiss impact asset manager responsAbility Investments will provide up to $25 million in non-recourse project financing to Singapore-based renewable energy developer Verdant Energy to expand its solar portfolio in Thailand, the companies said.
The financing will be provided on behalf of responsAbility’s investors and forms part of its $500 million Climate Investment Strategy for Asia, a private debt strategy focused on climate infrastructure in emerging and developing markets.
Verdant develops, constructs, owns, and operates renewable energy assets across Southeast Asia, with offices in Thailand, Vietnam, and the Philippines. The company is backed by A.P. Moller Capital through its Emerging Market Infrastructure Fund II.
The financing will support the expansion of Verdant’s renewable energy portfolio in Thailand, where the company is developing commercial and industrial rooftop solar projects and utility-scale solar assets, per the announcement.
Verdant also has plans covering onshore and nearshore wind projects and hybrid energy storage systems. It is targeting more than 1.5 gigawatts of installed renewable energy capacity over the next five years.
“This transaction is fully aligned with responsAbility’s strategy of supporting scalable renewable energy companies that contribute to decarbonisation while addressing growing energy demand in emerging markets,” said Jay Bathija, Principal, Climate Infrastructure Investments, at responsAbility.
The facility will provide Verdant with long-term project capital to accelerate the development of projects, said Sivaramakrishnan Sreedharan, Verdant’s chief investment officer.
“This facility enables us to accelerate the delivery of bankable projects while maintaining the disciplined investment and risk management principles that underpin Verdant Energy’s growth strategy across Southeast Asia,” Sreedharan said.
ResponsAbility manages about $6 billion in assets as of June 30, 2026, invested across around 70 countries. It has deployed more than $18.2 billion in impact investments since its founding in 2003 and has been part of M&G Investments since 2022.
Last month, the firm raised a total of $461 million in the final close of its largest closed-end climate investment vehicle, Asia Climate Fund.
The South Asia- and Southeast Asia-focused private credit fund attracted commitments from institutional investors, family offices, foundations, and development finance institutions.
