Malaysia launches investment fund for clean energy projects

Fund has capital of US$100 million.

Malaysia and the Asian Energy Investments Pte Ltd. based in Japan have launched the venture capital fund to invest in clean energy projects in Southeast Asia.

Malaysian fund management company Putra Eco Ventures, Inc. will channel the fund’s investments into small and medium-sized companies, and into technologies such as wind, solar and tidal energy.

The fund will also help discover cheaper biodiesel feedstocks for Malaysian biodiesel plants that have limited their operations because they rely on expensive crude palm oil. Malaysia’s Prime Minister Najib Razak announced the launch of the fund this week at a meeting of sustainable development experts in San Francisco in the USA.

Razak said Malaysia hopes to further transform itself into a knowledge-based, innovation-driven economy that is environmentally friendly while aiming to join the ranks of developed nations. Malaysia aims to reduce its carbon emissions by 40% by 2020 from 2005 levels and increase its renewable energy capacity to 4,000 megawatts by 2030.

Also Read

Is Santos' proposed Bayu-Undan CCS project a Pipe Dream?

Vietnam eyes eliminating 358.7 million tonnes of greenhouse gas emissions

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit