Standard Chartered has pledged US$8-10bn to the financing of new renewable and clean energy projects in Asia, Africa and the Middle East at the Clinton Global Initiative. It is the biggest pledge made in the bank’s history at the Clinton Global Initiative.
The pledge will involve a five-year commitment, focusing on energy projects such as wind, hydro, geothermal, solar, biomass and coal bed methane.
StanChart’s role could be as a lead arranger of debt, as a financial advisor or as an equity investor.
Headed up by the former US president, the Clinton Global Initiative is in its third year. It was set up in 2005 as a non-partisan catalyst for action bringing together global leaders to discuss issues ranging from education, energy and climate change, global health and poverty alleviation.