HSBC AM makes first investment under energy transition strategy

Investment comes on the heels of HSBC AM's acquisition of Green Transition Partners

HSBC Asset Management’s (HSBC AM) energy transition infrastructure team has made its first investment under its Asia Pacific-focused, mid-market, value-added, energy transition infrastructure strategy.

The investment is for an undisclosed amount in Tekoma Energy, a solar PV developer with operations in Japan and Taiwan. Following the investment, Takoma Energy will roll out 500MW of solar PV projects by 2027, both in construction and operation.

The energy transition infrastructure team was set up in January after HSBC AM acquired Green Transition Partners. The team focuses on mid-market companies involved in energy transition infrastructure assets including renewable energy generation, alternative fuel infrastructure, grids, energy storage, charging and metre infrastructure.

“We are pleased to announce our investment in Tekoma Energy, marking a significant milestone for HSBC Asset Management’s energy transition infrastructure team. This investment aligns well with our mid-market, value-added, direct equity strategy as well as our focus on developed Asia markets,” said Rowan te Kloot, managing principal for energy transition infrastructure in Asia Pacific at HSBC AM.

Gerard Terricabras, chief executive officer of Tekoma Energy, added: “We are very excited to join forces with HSBC Asset Management’s energy transition infrastructure team in this strategic investment, which will allow us to increase our footprint and take our business plan to the next level of its growth potential. We are aligned in our common purpose in achieving a lower-carbon future.”