MAS’ Green Investments Partnership Secures US$510 Million at First Close
Introduction
The Monetary Authority of Singapore (MAS) just marked a major milestone in green finance. Its Green Investments Partnership (GIP), under the FAST-P initiative, has reached its first close with US$510 million in committed capital.
What Is GIP & FAST-P
-
GIP stands for Green Investments Partnership. It’s a blended finance fund created to support green and sustainable infrastructure in Southeast Asia and South Asia.
-
GIP operates under FAST-P — Financing Asia’s Transition Partnership — launched by MAS in 2023 to address Asia’s climate finance gap by combining public, private, and philanthropic capital.
Key Investors & Supporters
The fund raised capital from a broad spectrum of investors, including:
-
MAS itself, and international development finance institutions like the International Finance Corporation (IFC) and Export Finance Australia
-
Financial institutions such as HSBC, Temasek, Bank of the Philippine Islands
-
Regional and philanthropic partners including FMO, British International Investment, Allied Climate Partners
-
Support from the European Commission via its Global Gateway programme.
What the US$510 Million Will Do
-
The capital will help deploy debt financing for green and sustainable infrastructure projects that are “marginally bankable” — meaning they have promising impact but higher perceived risk, especially in early or development stages.
-
Focus areas include renewable energy & storage, electric vehicle infrastructure, sustainable transport, water & waste management, and other critical sectors for Asia’s clean energy and transition goals.
Why This Matters
-
GIP is the first of FAST-P’s partnerships to hit a first close. That shows growing confidence in blended finance structures to address climate and infrastructure challenges in Asia.
-
By bringing in both commercial capital and concessional (or public/philanthropic) capital, GIP aims to de-risk projects so more investors will participate.
-
It’s a timely boost given Asia’s pressing infrastructure needs, development gaps, and urgency in meeting climate targets.
Voices
-
Gillian Tan, MAS Assistant Managing Director and Chief Sustainability Officer, called the first close “an important milestone” for FAST-P. She emphasised how diverse partners and capital tranches helped bring this result.
-
Munib Madni of the FAST-P Office added that this reflects strong collective commitment, and that the next step is mobilizing blended finance solutions at scale.
Looking Ahead
-
With the first close in place, GIP now moves into deployment — selecting and financing projects in its target sectors across Southeast & South Asia.
-
FAST-P’s other partnerships (e.g. ITP and ETAF) are expected to build on this momentum.
-
Over time, the aim is that blended finance models like GIP will scale further, attract more private capital, and help bridge funding gaps for sustainable infrastructure in Asia.
Disclaimer: This article is for informational purposes only and does not constitute any professional advice. Feel free to contact us to consult with our professional advisors team for personalized advice and guidance.
English 
Chinese