At the project level, a greater number of non-recourse loans bonds and leasing arrangements are being offered while at the corporate level, increased borrowings are being recorded. Institutions, such as the Green Climate Fund and Asian Infrastructure Investment Bank, have launched several programmes to support renewable energy deployment in Asia, including framework development initiatives and funding programmes for project development. A host of international private equity firms70 are active in the region and have set up dedicated green energy funds to help develop a healthy ecosystem of greenfield as well as secondary markets in the region. With its investment in solar and wind power. Australia is the third largest market for renewable energy in region after China and Japan. In 2016, new investment in renewable energy was $0.7 billion in Singapore and Viet Nam, $3.3 billion in Australia, $0.5 billion in Indonesia.