Singapore-based renewable energy developer PCG Global has closed its Pre-Series A financing round, with GenZero, a fully owned decarbonisation investment platform under Temasek, acting as the lead investor.
Founded by the team of PCG Power, PCG Global prioritises expansion into high-potential overseas renewable energy markets, including Oceania, Southeast Asia and the Middle East. Leveraging PCG Power’s domestic track record of developing, constructing and operating over 2GW of renewable energy projects as well as comprehensive full-industry-chain resources, PCG Global currently holds around 1.8GW of projects under development globally.
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Li Wenxuan, chairman and CEO of PCG Power, commented that this financing round demonstrates robust recognition from international capital markets of PCG Power’s project development capabilities and digital operation strengths in the distributed energy sector. It also validates PCG Global’s strategic approach of exporting China’s mature renewable energy expertise to overseas markets. Moving forward, PCG Global will continue to deepen its presence in Oceania, Southeast Asia and the Middle East, and steadily push forward the delivery of overseas renewable energy projects.
On the capital front, PCG Power keeps advancing its financing roadmap. Back in January 2026, PCG Power achieved key progress for its Series B financing, expected to reach hundreds of millions of RMB. The round is jointly led by Aramco Ventures, the global venture capital arm of Saudi Aramco, and Eurazeo, a leading European investment group.
The company’s innovative business model continues to attract capital interest. At the end of 2025, PCG Power completed China’s first inter-institutional REITs backed by distributed clean energy assets. Supported by its proven innovative model and technical operation advantages in commercial & industrial distributed energy, the firm has continuously drawn investment from domestic and international investors.
Globally, the energy industry is undergoing a profound transformation. The sector is shifting from resource-driven growth to technology-driven development, while traditional frameworks are evolving into diversified, dynamic ecosystems. With deepening power market reforms worldwide, the valuation methodology and operational logic of energy assets are being reshaped.
Li Wenxuan further outlined the company’s medium- to long-term strategy. PCG Power will consolidate its core footprint in commercial and industrial distributed clean energy, continuously refining the complete business loop of “Development – Construction – Operation – Securitisation – Reinvestment”.
The company will actively explore new business avenues, including mergers and acquisitions of existing renewable energy assets and energy-saving retrofits. It will ramp up investment in digital technology research and development to build an integrated smart energy platform that incorporates virtual power plants, power trading and carbon asset management, delivering one-stop comprehensive green energy services for commercial and industrial clients.
