HSBC’s New Energy Transition Platform Makes First Investment in Solar Developer Tekoma Energy

HSBC Asset Management’s Energy Transition Infrastructure (ETI) team has made its first investment in Tokyo-based solar platform Tekoma Energy. The ETI platform was established after HSBC added an energy transition infrastructure-focused investment team to its alternatives unit in Asia. The team focuses on mid-market investments in renewable energy generation, storage, grids, charging, and hydrogen infrastructure, partnering with local developers. Tekoma Energy specializes in PV solar projects in Northern Asia and has developed over 700 MW of capacity so far. With the investment from HSBC, Tekoma Energy aims to expand its project pipeline and achieve a portfolio of 500 MW of solar PV projects by 2027. The collaboration is expected to contribute to a lower carbon future, according to Tekoma Energy CEO Gerard Terricabras.

Resource: https://esgnews.com/hsbcs-new-energy-transition-platform-makes-first-investment-in-solar-developer-tekoma-energy/

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