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Partners Group invests in wind energy project in Thailand

The investment is being used to fund the construction of West Huaybong 2 and West Huaybong 3, two co-located 90 MW wind farms in the Korat province of Thailand, which provides one of the best wind resources in the country. These will be the first utility-scale wind farms in Thailand.

Aishwarya Gupta

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Partners Group, the global private markets manager, has completed an investment into Wind Energy Holdings (“WEH”) on behalf of its clients. The investment is being used to fund the construction of West Huaybong 2 and West Huaybong 3, two co-located 90 MW wind farms in the Korat province of Thailand, which provides one of the best wind resources in the country. These will be the first utility-scale wind farms in Thailand.

Also invested in the project are Chubu Electric Power Company, Ratchaburi Electric Generating Holding and Demco Public Company Limited. The wind farms each benefit from power purchase agreements for small power producers from the Electricity Generating Authority of Thailand, along with an “adder” tariff available for certain wind energy projects during the first 10 years of operation.

These will be the first utility-scale wind farms in Thailand.

West Huaybong 2 and West Huaybong 3 are projected to reach commercial operations in the first quarter of 2013 and the fourth quarter of 2012, respectively. Investors are expected to benefit from stable cash-flows and significant downside protection due to conservative wind assumptions.

Michael Barben, Partner and Co-Head Private Infrastructure, comments “We are pleased with this investment, which offers long-term cash flow visibility to our clients. Thailand is characterized by a solid regulatory framework, ambitious renewable energy targets and attractive support systems.”

Environment

Southeast Asia remains a hot spot for plastic pollution

The use of plastics is deeply embedded in our daily lives, in everything from grocery bags and cutlery to water bottles and sandwich wrap. But the quest for convenience has gone too far and we are failing to use plastics efficiently, wasting valuable resources and harming the environment.

Victoria Kwakwa

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Southeast Asia has emerged as a hot spot for plastic pollution because of rapid urbanization and a rising middle class , whose consumption of plastic products and packaging is growing due to their convenience and versatility.

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Environment

Diamonds are forever but “James Bond Island” in Phang Nga Bay may not

Boris Sullivan

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Thailand’s Department of Mineral Resources will assess the stability of the limestone karst towers, which make up the chain of islands, after several similar rock formations, in both the Gulf of Thailand and the Andaman Sea, have collapsed.

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Environment

Climate Change: how Asia-Pacific will affect the whole planet

Pursuing a green recovery in the aftermath of COVID-19 might sound daunting, but it’s actually a great opportunity to direct recovery spending into stimulating sustainable jobs and growth and fight climate change.

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Forget the poetic flap of a butterfly’s wings in Beijing causing rain in Central Park. Climate change issues in Asia-Pacific are measured in superlatives. The world’s biggest population. Two of the three largest carbon dioxide-emitting countries and the largest share of emissions globally.

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