Saturday , January 23 2021

Investment manager ADM Capital to launch Asian debt fund for renewable energy

LONDON, Nov. 30 (Reuters) – Investment management firm ADM Capital said on Monday it will launch an Asian debt fund dedicated to renewable energy after receiving $ 100 million from the Asian Infrastructure Investment Bank.

The fund will provide medium-term debt funding to developers and renewable energy projects, said ADM Capital.

The company is targeting a $ 500 million final closure in 2021 and is in talks with a range of investors seeking to increase investment in Asia’s renewable energy sector, he added. (Reporting by Nina Chestney)

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