Singapore, 21 May 2026: The Private Infrastructure Development Group (PIDG) will collaborate with Singapore’s Financing Asia’s Transition Partnership (FAST‑P) and Clifford Capital, with a shared ambition to accelerate investment in sustainable infrastructure and the energy transition across Asia.
This will be part of the Energy Transition Acceleration Finance (ETAF) programme, one of the three pillars of Singapore’s central bank, the Monetary Authority of Singapore’s (MAS) FAST-P initiative. The collaboration targets developing Asia (excluding China), a region that is a major contributor to global greenhouse gas emissions, responsible for approximately half of global CO2 emissions as of 2023, largely driven by a high reliance on coal. The region faces an annual energy transition investment gap of roughly USD 800 billion, needing over USD 1.1 trillion annually to meet climate goals.
All three organisations are aligned around a common objective: mobilising private capital at scale into projects that support decarbonisation, resilience and inclusive growth, while ensuring scarce catalytic capital is deployed with high standards of financial additionality.
Together they will create opportunities for a strong, repeatable pipeline of investable projects across markets. PIDG will combine its credit enhancement expertise with impact management services to unlock local capital markets and embed global best practice impact standards across the investment lifecycle.
PIDG will bring robust, systematic impact management and monitoring expertise. This includes helping develop best-in-class investment frameworks and governance to ensure capital allocation under the ETAF programme is aimed at delivering positive developmental impacts whilst mitigating potential risks.
Through this collaboration, the partners aim to demonstrate how blended finance can be used not only to de‑risk investments, but also to strengthen infrastructure financing markets and raise standards across the ecosystem to unlock capital, accelerate action and support a more sustainable infrastructure future for the region.
