BlackRock’s GIP Expands in Singapore to Fund Risky Green Infrastructure Projects

BlackRock’s Global Infrastructure Partners (GIP) is forming a Singapore-based team to fund Southeast Asian infrastructure through blended finance structures. The new division will be led by a soon-to-be-appointed regional infrastructure debt head and will focus on projects typically avoided by traditional lenders due to political and regulatory risk. The initiative is part of BlackRock’s commitment under Singapore’s Financing Asia’s Transition Partnership, which aims to mobilise USD5bn for low-emission projects. Blended finance, which combines public and private capital, reached USD18bn in deal volume globally last year. The IEA estimates Southeast Asia must double clean energy investment to USD130bn annually by 2030 to meet climate targets.