responsAbility to Invest up to USD 15 Million in August Energy

Zurich and Delhi, 16 July 2025 - responsAbility will invest up to USD 15 million on behalf of its investors in August Energy, an Energy-as-a-Service (EaaS) infrastructure platform headquartered in Singapore with offices in Thailand, India, and the Philippines. The funding will support August Energy in expanding its portfolio of distributed renewable energy projects in India. The investment is part of responsAbility’s USD 500 million climate investment strategy for Asia, which targets scalable private-sector infrastructure solutions that contribute to measurable CO₂ reduction in high-growth markets across the region.

August Energy focuses on decentralised energy infrastructure for commercial and industrial (C&I) clients in India and Southeast Asia. The company develops and operates rooftop solar and integrated utility services, including cooling-as-a-service and steam-as-a-service solutions. Target sectors include manufacturing, automotive suppliers, pharmaceuticals, healthcare, Fast-Moving Consumer Goods (FMCG), and data centres.

With the funding, August Energy plans to scale its project portfolio in India, aiming to increase its installed capacity to over one gigawatt (GW) within five years. This planned growth would support India’s national target of 500 gigawatts in renewable energy capacity and contributes to the UN's Net Zero objectives.

Founder’s vision for India’s renewable energy growth

Michael Brown, CIFO, August Energy, said: “This first structured financing, delivered in partnership with responsAbility, marks a key milestone for our business. The facility gives us flexibility to execute on our growing project pipeline in India over the next 12 months.”

Rohit Nanda, Chair of August Energy and Head of Sustainable Infrastructure at Aravest, an investor in August Energy, said: “Bringing responsAbility on board is a strategic step to accelerate asset development in India and Southeast Asia. In a capital-intensive sector, structured debt plays a critical role in long-term value creation.”

responsAbility’s commitment to impact investing partnerships in India & Southeast Asia

Sameer Tirkar, Head of Climate Infrastructure Investments, APAC at responsAbility, said: “August Energy is a well-positioned platform for decentralised energy solutions in the region. The investment aligns with our strategy to back scalable private-sector infrastructure that drives emissions reduction.”

Jay Bathija, Senior Investment Officer, Climate Infrastructure Investments at responsAbility, said: “August Energy combines technical scope, a clear climate focus, and a strong shareholder base – core attributes we seek in our portfolio companies.”

About the Climate Investment Strategy for Asia The investment in August Energy is part of responsAbility’s climate investment strategy for Asia, a USD 500 million initiative focused on accelerating the decarbonisation of key economic sectors in emerging and developing Asian markets. The strategy targets scalable infrastructure platforms with strong regional execution capacity, aiming to mobilise private capital towards the energy transition in fast-growing economies.

About August Energy August Energy is a developer and long-term owner of energy infrastructure assets, helping corporates across Southeast Asia and India to meet their decarbonisation goals, profitably, with zero capital investment and at scale. The company provides a comprehensive set of proven and customised energy solutions as a service including renewable energy, energy storage, cooling, heat recovery, and bioenergy. The Company is backed by institutional investors including Asia-Pacific Sustainable & Decarbonisation Infrastructure Equity, LP (SDIEF), an Aravest and SMBC Group backed investment fund, and Green Tower, an investment vehicle promoted by the Green Giraffe group and Daiwa Securities.