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: “We are delighted to make our first venture in Thailand, one of the early movers for renewables in the region.”
Speth said BlackRock intends to support Chow Energy’s 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: “Their ambitions to deliver clean energy to corporates and businesses in the Thai manufacturing sector resonate well with BlackRock’s transition investing dedication to further renewables-driven electrification in the region.”
Cristobal Chin, CEO of Chow Energy, said: “Through this partnership, Chow Energy is committed to delivering top-tier, customised solutions and bringing job opportunities and economic stability to local communities.”
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