Ditrolic Energy Secures BlackRock Climate Finance Partnership investment to Propel Asia-Pacific Solar Revolution

• Ditrolic Energy secures funding to develop 1GW of solar projects in Asia-Pacific. The investment will support the growth of their clean energy solution, EnerLoop, and establish Malaysia as a central investment hub.

Malaysia-based clean energy solutions provider Ditrolic Energy has secured funding from BlackRock to developover 1GW of solar projects in the Asia-Pacific region. The funding comes from a partnership with a BlackRock-affiliated vehicle,Climate Finance Partnershipand will be used to advance both commercial and industrial and utility-scale solar assets. Ditrolic Energy manages over 450MW of solar assets across Malaysia, South East Asia, Bangladesh, and China. The investment will support the growth of Ditrolic's clean energy solution, EnerLoop, which focuses on carbon tracking, battery energy storage systems, and the sale of green electricity. TheClimate Finance Partnership attracted a global consortium of investors and exceeded its initial target of $500m.

Ditrolic Energy aims to establish Malaysia as its central investment hub and plans to develop more than 5GW of capacity across Malaysia, Bangladesh, Indonesia, and the Philippines. The company will focus on energy transition projects in its approved markets in the Asia-Pacific region. BlackRock's Climate Finance Partnership (CFP), in collaboration with governments and impact organizations, led the fundraising initiative for Ditrolic. The partnership presents an opportunity to mobilize more capital into climate infrastructure in emerging markets and accelerate the transition to net-zero economies.

How much funding has Ditrolic Energy secured to develop solar projects in the Asia-Pacific region?

• Interested parties must meet the eligibility criteria set by the bidding organization or government agency.
• Bidders may be required to have prior experience in developing renewable energy projects.
• Financial stability and the ability to secure funding for the project may be a requirement.
• Bidders may need to provide a detailed project proposal, including technical specifications, timelines, and cost estimates.
• Environmental impact assessments and permits may be necessary to submit a bid.
• Bidders may need to demonstrate their ability to meet the project's energy generation targets.
• Compliance with local regulations and policies related to renewable energy development may be required.
• Bidders may need to provide evidence of partnerships or collaborations with local stakeholders, such as landowners or communities.
• Proof of legal and financial capacity, such as licenses and audited financial statements, may be necessary.
• Bidders may need to submit a bid bond or financial guarantee to ensure their commitment to the project.