Financing Asia’s Transition Partnership
Financing Asia’s Transition Partnership (FAST-P) is the Monetary Authority of Singapore’s (MAS) program to fund green energy projects across Southeast Asia.
Need
To crowd in private funding, MAS aims to deploy US$5 billion in capital through FAST-P, bringing together public and private capital to support green and energy transition infrastructure development in the region.
Solution
We committed A$100 million through our Commercial Account to the Green Investments Partnership, the inaugural blended finance fund under FAST-P to build on the US$50 million (approximately A$75 million) already provided by the Australian Government under the Southeast Asia Investment Financing Facility (SEAIFF).
Southeast Asia represents a huge opportunity for Australian businesses as urbanisation and rising incomes within the 10 countries in the region strengthen demand for high-quality goods and services.
By 2030, Southeast Asia’s economy is expected to be the world’s fourth largest, driving demand for infrastructure, energy and investment across the region.
To support this growth, MAS launched FAST-P in 2023. The partnership aims to mobilise US$5 billion in capital to finance energy transition projects across Southeast Asia including power generation, storage and transmission.
The Green Investments Partnership, managed by Pentagreen Capital, is the inaugural blended finance fund under FAST-P. The Green Investments Partnership brings Australia together with like-minded partners including MAS, British International Investment, the Dutch entrepreneurial development bank FMO and the International Finance Corporation, alongside commercial investors, to support energy transition infrastructure in the region.
“Through initiatives like FAST-P and the Green Investments Partnership, we are not just financing projects, we are building a foundation for long term, mutually beneficial relationships in the region,” said John Hopkins, Export Finance Australia’s Managing Director & CEO.
“We see significant potential in Southeast Asia’s energy transition and connecting Australian investors and businesses with opportunities in the region.”
This helps pave the way for Australian investors and exporters to participate in Southeast Asia’s growing sustainable infrastructure sector, opening new markets and building long-term commercial partnerships.
Senator the Hon. Don Farrell
Minister for Trade and Tourism, Australian Government
Australia and Singapore: FAST-P collaboration
Under Invested: Australia’s Southeast Asia Economic Strategy to 2040, the Australian Government aims to deepen Australia’s economic engagement with Southeast Asia and increase two-way investment with the region.
In December 2024, the Government committed US$50 million (approximately A$75 million) to the Green Investments Partnership, representing the first investment made under the $2 billion SEAIFF. Investments under the SEAIFF are administered by EFA as part of the Australian Government’s National Interest Account.
The investment was welcomed by MAS Deputy Managing Director Leong Sing Chiong, who described it as “a testament to the strong alignment of interests among Singapore, Australia and other like-minded partners.”
In September 2025, we invested an additional A$100 million in the Green Investments Partnership through our Commercial Account, demonstrating our commitment to supporting Southeast Asia’s energy transition.
Senator the Hon. Don Farrell, Australia’s Minister for Trade and Tourism, said the additional financing was part of a broader commitment to provide “new opportunities for Australian business and investors in Southeast Asia’s energy transition”.
Partners in the Green Investments Partnership will continue to use the funds across a range of opportunities to finance green infrastructure projects and companies that are unable to secure all of their funding through conventional financing sources.
