As part of its broader USD 500 million climate investment strategy aimed at actively reducing CO2 emissions in Asia, responsAbility on behalf of investors invests USD 20 million in Singapore-based CleanEdge Resources.
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This investment will finance new projects across emerging markets in Asia, signifying a major step in responsAbility’s mission to mobilize capital and invest in solutions that generate positive societal and environmental impact in emerging markets.
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Raju Shukla, CleanEdge Founder and Chairman said, “We are delighted to announce this strategic partnership with responsAbility, a collaboration that aligns with our vision for innovation and growth in the industrial wastewater treatment and waste to energy sector. Industries today are increasingly focused on sustainable use of water and effective management of their wastewater and CleanEdge is proud to be working together with corporates in implementing advanced solutions to address the challenges. The investment from responsAbility will contribute directly to the achievement of our vital goal of fostering a more sustainable and equitable future for communities around the world.”
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The investment from responsAbility will be used to expand CleanEdge’s portfolio of Build-Own-Operate-Transfer (BOOT) projects in the industrial wastewater treatment and waste to energy sector across Asia. BOOT projects involve long term contracts without any upfront capex from the customer. CleanEdge will finance, construct, own, and operate the project for the period of the contract and gets paid by the customer on a per unit of water treated or resource produced by the project.
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ameer Tirkar, Principal APAC for Climate Finance at responsAbility said, “We are thrilled to partner with CleanEdge as it is not just a financial investment; it is a commitment to sustainability, environmental stewardship, and a cleaner, healthier future. CleanEdge is led by a strong management team with a deep understanding of the wastewater solutions required for their customers to increase sustainability in the supply chain. Together, we look forward to accelerating innovative solutions in wastewater treatment sector.”
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About CleanEdge Resources
Headquartered in Singapore, CleanEdge Resources is a leading environmental company offering disruptive technologies for industrial wastewater treatment and waste to energy solutions with a focus on resource recovery and sustainability. CleanEdge Resources aims to be the leading solutions provider across Asia, enabling clients to efficiently address the challenges of industrial wastewater treatment, resource recovery and sustainability.
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About responsAbility Investments AG
responsAbility Investments AG is a leading impact asset manager specializing in private market investments across three investment themes to directly contribute to the United Nations Sustainable Development Goals (SDGs): Financial Inclusion, to finance the growth of Micro & SMEs.
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