Victor Samuel, President Director at Hijau
Singapore-headquartered impact investor Clime Capital has invested an undisclosed amount in Indonesia-based distributed solar developer PT Investasi Hijau Selaras (Hijau) through its South East Clean Energy Fund II (SEACEF II).
SEACEF II can invest up to US$10 million in Hijau.
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Established in 2017, Hijau (previously known as ATW Hijau) was established in response to customers’ need for a zero-capital expenditure model. This model enables commercial and industrial electricity users to access clean and renewable energy sources using an operating lease method.
The company said it seeks to contribute to the archipelago’s energy transition towards renewable energy by installing solar panels on its clients’ rooftops or ground-mounted areas and charging a rental fee relative to the energy produced.
Hijau said it prioritises technical quality, customer delivery, and safety to provide long-term value to its customers.
The SEACEF II investment will support the accelerated build-out of Hijau’s pipeline, positioning the company to secure follow-on debt financing for long-term growth.
Victor Samuel, President Director at Hijau, said: “Clime Capital’s support will help us expand our green energy solutions across Indonesia while staying true to our focus on quality, safety, and sustainability.”
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Clime Capital’s Indonesia Country Manager, John Colombo, said: “We look forward to supporting the company in its mission to deliver rooftop solar projects at the highest industry standards. Our early-stage investments support Indonesian businesses in reducing their energy expenditure while also advancing the clean energy transition.”
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