Microsoft has invested in the Southeast Asia Clean Energy Facility (SEACEF) through Microsoft’s Climate Innovation Fund. The investment aims to “accelerate deployment of large-scale and scalable clean energy projects and businesses in emerging markets. This support will enable us to step up our investments in promising early-stage renewable energy projects in Southeast Asia.
Launched in June 2020, SEACEF’s focused on pushing market adoption of existing technologies in underfunded markets to enable low-carbon economic development in communities hit by the effects of climate change. Meanwhile, SEACEF has clinched three investment approvals comprising more than 1 GW of renewable energy capacity in promising projects and businesses, such as: Xurya, an Indonesian-distributed clean energy company; a large utility scale wind project in the Philippines being developed by Highland Infrastructure; and Levanta Renewables, an early-stage portfolio of wind power projects in Vietnam.