Linklaters advised ABC Impact on its US$50m co-investment alongside HSBC Asset Management’s Energy Transition Infrastructure (ETI) Team into Tekoma Energy, an energy transition platform with existing operations in Japan and Taiwan.

ABC Impact is a member of Temasek Trust Asset Management and one of the largest Asia-focused impact investors with over US$850m assets under management. Headquartered in Japan, Tekoma Energy is an energy transition platform specialising in the development and operation of solar photovoltaics (PV) projects. It has plans to expand into South Korea and battery energy storage systems next year and to build out a portfolio of more than 400 megawatts of solar PV projects over the next four to five years in Asia.

The new capital from this transaction will be directed towards Tekoma Energy’s plans to develop and operate a series of new solar PV projects that aim to provide clean and reliable energy. ABC Impact will leverage its prior investment experience in renewable energy platforms to help Tekoma Energy to scale its operations, supporting its growth into a key player in the developed Asia renewable energy sector.

The Linklaters team was led by Singapore-based corporate partner Robert Elliot and counsel Gary Beh, with support from managing associate Genevieve Bong and associate Lim Yi Hui, as well as Tokyo-based energy & infrastructure partner Hirofumi Taba.

Corporate partner Robert Elliot commented:

“We are grateful to have been entrusted by ABC Impact to support them on their investment in Tekoma Energy, as part of their ambition to create scalable solutions to address climate challenges. This investment marks another significant step in advancing sustainable energy solutions in Asia, and further demonstrates Linklaters’ track record advising clients on their strategic investments in renewable energy portfolios across the region.”