Media Release
2 July 2025
Australian Ambassador to Indonesia Rod Brazier has launched a new climate-focused fund that will invest in renewable energy, waste and sustainable transport in Indonesia.
The Australian Government has committed a cornerstone investment of AUD50 million through the Private Infrastructure Development Group, a multilateral infrastructure project developer and investor.
The fund – named the KINETIK Affirma Capital Climate Transition Fund – will be managed by Affirma Capital, a leading private equity firm based in Singapore.
Australia’s contribution will incentivise investment in climate-related projects, such as clean energy, recycling and waste management, water treatment and reuse and sustainable transport and logistics; supporting Indonesia’s goal of reaching net-zero emissions and attract additional financing from the private sector.
Ambassador Brazier said Australia and Indonesia were committed to working together to explore economic opportunities in the transition to renewable energy.
“Through the KINETIK Fund, we’re helping to unlock capital for companies that reduce emissions, grow green investments and build a more resilient low-carbon economy,” he said.
Australia’s Business Champion to Indonesia, Professor Jennifer Westacott invited institutional investors, infrastructure specialists, and private equity firms – including those in Australia – to seize this opportunity.
The KINETIK Fund, which is expected to attract other investors, will begin in the second half of 2025 with a 10-year investment period to 2035.  The Private Infrastructure Development Group will work with Affirma Capital to help assess and recommend how each of the proposed investments furthers climate transition goals and aligns with best practices in health, safety, environment, and generates positive social impacts.
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