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Government incentives, infrastructure development and private sector drive investment in Asia
Leading experts from Conergy, ADB, Alterra Power, Standard Chartered, GSR Ventures, Yuanta Securities, BNP Paribas, Aquero, IFC, Phoenix Solar and VantagePoint come together to discuss trends and opportunities for renewable energy investment in Asia.
Asia’s expansion, added to increasingly volatile fossil fuel prices and rapidly falling renewable energy costs, signals a number of opportunities to scale up cleantech and renewable energy throughout the region.
Plus, as markets plunge across Europe and the US, international investors are increasingly looking East-wards to diversify their portfolios and get a foot in the door of an exciting new market, while regional players are initiating large deals to confirm their leading role in this rapidly expanding market.
MEACP, for example, is a joint venture between Malayan Banking Bhd and private equity firm Middle East & Asia Capital Partners, and currently raising $500 million for clean energy ventures with a focus on Asia.
"We see an unprecedented number of companies, even those that previously weren't interested in the region, entering Thailand and Malaysia, seeking investment opportunities in clean energy," said Edgare Kerkwijk, managing director at Singapore-based investment firm Asia Green Capital and speaker at Renewable Energy Finance Week Hong Kong.
"We should see quite a bit of activity in the region this year - better projects, better profitability and better project developers than in the past."
Of course there are still challenges ahead - including infrastructure, regulatory uncertainty and technology risk, but as governments across the region begin to launch feed-in-tariffs and other incentives, private investors are increasingly buying into renewable energy as a viable investment opportunity.
The Philippines, for example, is aiming for a 100 per cent increase in renewable energy capacity to reach 9,147 MW by 2013, whilst Malaysia, under the 10th Malaysia Plan (2011–15), has created strong financial incentives and set a target of 985 MW renewable energy generation by 2015 - about 5.5 per cent of the total electricity generation capacity.
Singapore has also offered guaranteed prices for power based on municipal waste, Indonesia has introduced FITs for small-scale (1–10 MW) renewable energy plants and Thailand has used FITs for small power producers using biomass and other renewable resources.
This last year also saw a huge increase in the number of cooperative initiatives between local, national and multilateral development partners.
The Asian Development Bank, for example, offers a variety of products to finance renewable energy projects including debt, equity, guarantees and grants. According to Duarte Henriques da Silva, Investment Specialist from ADB and a key speaker at Renewable Energy Finance Week Hong Kong (3-6 July) - ADB may provide technical assistance funding for project preparation, venture capital seed money for innovative start-ups (through its venture fund initiatives)
It’s an exciting time for renewable energy in Asia, and Renewable Energy Finance Week Hong Kong is the first event of its kind to tackle such a diverse range of topics including policy & regional markets, project development, FITs, debt and equity finance, M&A, technology, long-term & strategic investment, risk management and much more. With more than 45 C and D-level speakers included in the programme, its set to be an event not to be missed. For more information…
More information on the forthcoming conference and the discussions to be held there is available at www.greenpowerconferences.com/
Note to Editors
Green Power Conferences are pleased to welcome journalists to attend the Renewable Energy Finance Week Hong Kong 2012 Summit free of charge. To request a press pass please email michael.chaplin@
About Green Power Conferences
Green Power Conferences is the market leader in renewable energy conferences. Since 2003, over 15,000 delegates have attended more than 300 conferences, exhibitions, workshops and training courses providing strategic business intelligence to the renewable energy and sustainability industries. Green Power’s expertise lies in producing high quality, interactive events that provide ample networking opportunities for delegates, sponsors and partners. More information and a full list of current conferences is available at: www.greenpowerconferences.com.
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