Singapore and the United Kingdom have announced a collaboration to support clean energy transition and sustainable infrastructure development across Southeast Asia. During the UK Secretary of State for Foreign, Commonwealth and Development Affairs David Lammy’s visit to Singapore in July 2025, the UK pledged up to GBP 70 million (USD 93.73 million) to Singapore’s Financing Asia’s Transition Partnership (FAST-P) initiative. This funding will help boost investment in low-carbon energy projects and innovative business models to improve energy security and climate resilience in the region.
The UK’s involvement in FAST-P, delivered through British International Investment (BII), aims to mobilize capital and close the financing gaps needed to accelerate Asia’s green energy transition. The partnership focuses on supporting early-stage project development by providing technical assistance and encouraging private sector participation to promote practical solutions for cleaner energy transitions.
Singapore’s Deputy Prime Minister Gan Kim Yong highlighted FAST-P as a collaborative global platform bringing together various partners, including public, private, and philanthropic sectors, with the common goal of advancing Asia’s sustainable energy future. The initiative benefits from this international engagement by pooling resources and expertise to promote effective climate action across Southeast Asia.
The collaboration between Singapore and the UK also extends to digital finance, innovation, and sustainable finance, marking a significant step in their strategic partnership. Both countries emphasize the importance of investing in resilient and forward-looking friendships, especially as ASEAN is poised to become the fastest-growing economic bloc this decade.
(Source: TN Global; Asian Power)
