Singapore, U.S. firms form Renewable Energy Trust Asia

EPURON Pte. Ltd. Singapore, a regional subsidiary of Conergy Group of Germany, and GE Energy Financial Services have formed Renewable Energy Trust Asia (RETA), the Asia-Pacific region’s first renewable energy private trust.

RETA is to spur growth and investments in small hydropower, wind, solar, biogas, and biomass power generation throughout the region, the companies said December 15. The investment vehicle is focused on the US$7 billion annual renewable energy markets of India, the Association of Southeast Asian Nations (ASEAN) countries, and South Korea.

The partners said RETA plans to build a portfolio of about 200 MW through potential investments totaling US$250 million within five years.

With an 80 percent stake, GE Energy Financial is to be RETA’s anchor investor. With a 20 percent stake, EPURON will act as trustee-manager and be responsible for project development, debt financing, acquisition of hardware, supervision of project construction, and operating project management.


Previous articleBolivia resumes bidding to build Misicuni Dam
Next articleNamibia advances Orange minis, 500-MW Baynes, new unit at 249-MW Ruacana

No posts to display