03 Dec Green and Transition Finance
Financing the Green Transition from SingaporeClifford Capital’s mission is to provide competitive project and structured financing solutions in support of Singapore-based companies in the infrastructure and maritime sectors as they seek opportunities in overseas markets.
Clifford Capital is committed to supporting Singapore-based companies as they transition to green. As we do so, we will also achieve our climate ambition of net zero financed emissions in our portfolio by 2050. With this in mind, we have increased our focus on renewables, energy storage, electrification and maritime decarbonisation, as well as on emerging green areas such as nature-based solutions, green hydrogen and carbon capture.
A recent financing that Clifford Capital supported was the green bond that was used to fund the construction of the 1,200 MW Pinnapuram pumped storage facility in Andhra Pradesh, India for Greenko, a leading independent owner and operator of clean energy assets that is majority owned by GIC.
The pumped storage facility is part of Greenko's first integrated renewable energy storage project, which includes 2,000 MW of solar and 400 MW of wind generation assets. Once completed, the project will be one of India’s largest energy storage facilities with daily storage capacity estimated at 10,800 MWh.
Clifford Capital supported Greenko's green bond for the 1,200 MW pumped storage facility in Pinnapuram, Andhra Pradesh.
The Pinnapuram facility is part of a gigawatt-scale integrated project combining pumped storage, wind and solar energy.