Singapore's OCBC to launch $500m decarbonization fund

Project with Japan investment bank to aid Southeast Asian's energy shift

20231221N OCBC Bank logo REU

Singaporean lender Oversea-Chinese Banking Corp. is creating the fund to support businesses involved in developing renewable energy. © Reuters

TAIZO WADA, Nikkei staff writer

TOKYO -- Singaporean lender Oversea-Chinese Banking Corp. will create a fund of up to $500 million to finance decarbonization-related businesses in Southeast Asia, joined by an investment company affiliated with the Development Bank of Japan.

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