Export Finance Australia boosts investment in Southeast Asia's clean energy transition
Export Finance Australia (EFA) has committed A$100 million to Singapore’s Financing Asia’s Transition Partnership (FAST-P) to help accelerate Southeast Asia’s clean energy transition.
Media release
10 September 2025
Export Finance Australia (EFA) has committed A$100 million to Singapore’s Financing Asia’s Transition Partnership (FAST-P) to help accelerate Southeast Asia’s clean energy transition.
This loan builds on the Australian Government’s $75 million equity investment announced in December 2024 under the Southeast Asia Investment Financing Facility (SEAIFF), taking Australia’s total support for FAST-P’s Green Investments partnership fund to over $175 million.
Launched by the Monetary Authority of Singapore in 2023, FAST-P aims to mobilise up to US$5 billion in capital to de-risk and finance clean energy projects across Southeast Asia – including in renewable energy generation, energy storage, electric vehicle charging networks, sustainable transport systems and water and waste management.
EFA’s new commitment supports the Australian Government’s implementation of Invested: Australia’s Southeast Asia Economic Strategy to 2040, which aims to strengthen Australia’s economic engagement with the region and support investment in its energy transition and sustainable infrastructure development. EFA’s participation also strengthens Australia’s cooperation with Singapore on the energy transition under the Green Economy Agreement and Comprehensive Strategic Partnership as the two countries celebrate 60 years of bilateral relations.
Supporting FAST-P provides opportunities for EFA to work alongside likeminded investors including British International Investment, the International Finance Corporation, the Dutch Entrepreneurial Development Bank, the Monetary Authority of Singapore and commercial investors including HSBC and Temasek. to support the region’s energy security and climate resilience.
The Minister for Trade and Tourism, Senator the Hon Don Farrell, welcomed EFA's support for the Green Investments Partnership Fund, describing it as a strong signal of the government’s regional engagement.
“EFA’s support for the Green Investments Partnership Fund is another demonstration of the Albanese Government’s commitment to providing new opportunities for Australian business and investors in Southeast Asia’s energy transition,” Minister Farrell said.
“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.”
EFA Managing Director & CEO John Hopkins said the new loan reflects Australia’s commitment to Southeast Asia’s clean energy transition.
“Through our investment in FAST-P, we’re working alongside the Singapore Government and other international partners to deliver projects that drive decarbonisation, strengthen infrastructure and create new opportunities for Australian investors and exporters in the region.”
“This initiative highlights Australia’s commitment to supporting sustainable growth and building strong partnerships across Southeast Asia.”
Media contact: Eleanor Brophy, +61 400 806 103, media@exportfinance.gov.au
About Export Finance Australia (EFA)
EFA is Australia’s export credit agency. EFA provides commercial finance for export trade and overseas investment and infrastructure development. From small and medium-sized enterprises to large corporates, foreign governments and infrastructure projects, it helps Australian businesses take on the world. In doing so, EFA’s finance supports Australia’s economic security and regional resilience.
EFA administers the Australian Government’s National Interest Account, which currently includes the Southeast Asia Investment Financing Facility, the Critical Minerals Facility, the Defence Export Facility and lending for the Australian Infrastructure Financing Facility for the Pacific. EFA also provides support to other Commonwealth entities, including Housing Australia and the Northern Australia Infrastructure Facility.
