News

Lending & Credit Project

Staff Reporter

, APAC

Published:

1 month ago

Photo by John Guccione www.advergroup.com on Pexels

PAG achieves $550m commitment for APAC renewable energy fund

It will initially focus on Japan’s solar power.

Asia Pacific-focused investment manager PAG has achieved its first renewable energy-focused fund, raising a total of $550m in commitments.

In a statement, PAG said the PAG REN I fund will focus on investing in the development and acquisition of renewable energy assets in the region, focusing on solar power in Japan.

ALSO READ: APAC leads global wind power sector growth

“The strong response to this fund demonstrates investor confidence in the need and opportunity to enable the transition from fossil fuels to clean, domestically produced sources of energy generation in Asia,” PAG Renewables President and CEO James Buford said.

The fund’s investors include pensions, sovereign wealth funds, and funds of funds investors in North America, Europe, and the Middle East.

PAG said the region is the largest and fastest growing energy market in the region which will require more than $2t of investment for renewable energy.

Also Read

India requires $385b investment for power sector transition

Alternergy bags $90.3m loan for 64 MW wind project

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

South Korea, Kazakhstan expand energy cooperation through talent sharing

This was among the agreements signed.

Project

National CER strategy could bring down energy prices

The council added that it will also result in over 18,000 job opportunities.

Power Utility

Adani Power adds Mirzapur Thermal Energy as new subsidiary

It acquired five million shares in Mirzapur Thermal Energy.

Project

China leads global hydropower growth with 6,749 MW new installations in 2023

It is followed by Laos, Cambodia, Vietnam, and Indonesia in East Asia and the Pacific.

Power Utility

Exclusives

Masdar, PT PLN NR conquer Cirata reservoir’s depth for largest floating solar farm in SE Asia

The power plant can provide electricity to around 50,000 households in West Java.

Project

Why Singapore could be the ‘tipping point’ for ASEAN renewable and grid development

Heavily reliant on gas, the country is still on track for its 2035 net-zero target, but could be more ambitious to hit its 2050 goal by 2045.

Power Utility

Pressures mount for less desirable energy insurance placements in the region

Industry experts eye offshore investments as most attractive, yet more expensive.

Power Utility

Will the government pay for coal power exit in Vietnam?

The country’s coal power phase-out strategy sees renewables accounting for 67.7%–71.5% of the energy mix by 2050.

IPP

Event News

Thailand at the forefront of ASEAN's energy transition: A look ahead to Future Energy Asia

Co-Written / Partner

Co-hosted by industry leaders and supported by government officials, the Future Energy Asia Exhibition and Summit aims to accelerate the region's journey towards net-zero emissions.

Co-Written / Partner Celebrate your exceptional energy and sustainability initiatives with Asian Power

Co-Written / Partner Abu Dhabi Sustainable Water Solutions clinches two wins at Asian Water Awards

Technology VR and AR training are vital for the renewable energy workforce

Co-Written / Partner Thailand at the forefront of ASEAN's energy transition: A look ahead to Future Energy Asia

Co-hosted by industry leaders and supported by government officials, the Future Energy Asia Exhibition and Summit aims to accelerate the region's journey towards net-zero emissions.