Verdant Energy secures $25 million for Thai solar projects

Verdant Energy has secured up to $25 million in non-recourse project financing from responsAbility Investments. The funds are designated to support a portfolio of commercial and industrial solar projects in Thailand.

The financing will cover the development, construction, and operation of these projects, aiding Verdant Energy’s expansion of its renewable energy portfolio across Southeast Asia. responsAbility is providing this capital through its $500 million Climate Investment Strategy for Asia, a private debt strategy targeting climate infrastructure in emerging and developing markets.

Verdant Energy, which is backed by A. P. Moller Capital through its Emerging Markets Infrastructure Fund II, maintains an established presence in Thailand, Vietnam, and the Philippines.