Fuelling the Future 2026

Pentagreen Capital concessional financingCASE STUDY 5 Description A blended finance debt platform jointly owned by HSBC and Temasek, Pentagreen manages the Green Investments Partnership, a fund that mixes public, private and philanthropic capital to fund sustainable infrastructure in South East and South Asia. Solution Pentagreen blends subordinated/first-loss capital, absorbing initial losses and de-risking senior lenders enough for private capital to participate in higher-risk clean fuel projects at scale. It also offers flexible debt (e.g. longer tenors, interest-only periods), to help projects clear credit tests without distorting price signals, and technical assistance (e.g. project prep/feasibility) to help them attract lower-cost private capital. Impact –Mobilization: $510 million first close (September 2025) from public-private-philanthropic investors; targeting ~$1 billion for green infrastructure. –Example deals: $30 million green loan to BECIS Bioenergy, for distributed bioenergy in South East Asia and India; $80 million co-financing for solar and storage in South East Asia. Source: Pentagreen Capital.62 Fuelling the Future: How Business, Finance and Policy can Accelerate the Clean Fuels Market 30