Climate Finance Partnership (CFP), a BlackRock-owned investment fund aiming to cut carbon emissions in emerging markets has partnered with Chow Energy, a renewable energy operator and developer in Thailand.
Chow Energy has a target to develop and build out a 1GW-plus pipeline of domestic greenfield commercial and industrial solar capacity. The company has developed, owned and operated solar projects, totalling more than 2,500 commercial & industrial projects in Thailand and Japan since 2014.
Valerie Speth, APAC co-head of climate infrastructure, BlackRock, said: 鈥淲e are delighted to make our first venture in Thailand, one of the early movers for renewables in the region.鈥�
Speth said BlackRock intends to support Chow Energy鈥檚 business expansion, as well as continue to scale its CFP platform to mobilise capital into climate-related investments.
Isabella Pacheco, director, APAC climate infrastructure, BlackRock, said: 鈥淭heir ambitions to deliver clean energy to corporates and businesses in the Thai manufacturing sector resonate well with BlackRock鈥檚 transition investing dedication to further renewables-driven electrification in the region.鈥�
Cristobal Chin, CEO of Chow Energy, said: 鈥淭hrough this partnership, Chow Energy is committed to delivering top-tier, customised solutions and bringing job opportunities and economic stability to local communities.鈥�
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