Alternatives are essential

Energy transition partnerships in action

Valerie: Renewable power has seen significant growth in the past decade. Join us, as we speak to companies that are driving the transition to provide access to renewable energy in Asia.

Cristobal: Chow energy is a leader in the commercial and industrial solar space in Thailand. And our unique proposition is that we are able to offer customers the ability to reduce their carbon emissions, as well as save on their electricity bills, all for a zero upfront investment.

Aboy: Empowering the future. That is our mission here at CleanTech. And we aim to be able to improve the lives of our countrymen, the communities that we are present in.

Chee Aun: Headquartered out of Malaysia, we started our business 15 years ago as a solar. We build utility scale power plants as well as selling clean electricity to key sectors such as data centers, hospitals, airports.

Valerie: Do you see that there is enough capital, or do you think there is not enough competitive capital in the region?

Chee Aun: Many reports we are seeing, we need, US$1.5 trillion in Southeast Asia by 2030 for the energy transition to happen. (Source: S&P Global, as of 15 April 2024)

Cristobal: Key is on the ground making sure that the projects are creditworthy. That enables investors and also debt capital to come in and be assured that there is a longevity in that contract.

Aboy: Our partnership has actually given us that access to cost-effective capital. And that certainly helps with the speed and scale theme that we want to deploy our renewables with.

Valerie: Many countries have pledged net zero and now everybody’s wondering how do we get there. In your opinion, what are the major topics that need to be addressed to even accelerate renewable power growth?

Cristobal: Oftentimes we see these grand targets that we need to achieve in 10, 15, 20 years’ time. But I think sometimes where we lack is, that regulatory support in the here and now. If we can foster more public-private partnerships, leveraging on the expertise and the capital from the private sector, and marry that with the policy objectives of the public sector, I think we will see a lot more fund flow and a virtuous cycle where positive case studies will lead to further implementation and further successful projects.

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