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.
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.”
Disparity worsens ocean pollution
Most of the Thai marine waste is plastics led by plastic debris (12%), Styrofoam boxes (10%), food wrappers (8%), plastic bags (8%), glass bottles (7%), plastic bottles (7%), and straws (5%).
Ocean plastic pollution is threatening humanity and Thailand cannot escape the blame as one of the world’s worst marine polluters. Although the government has pledged to tackle marine pollution, one thing is certain. Success is out of reach if the state authorities fail to engage local communities as equal partners.(more…)
ASEAN takes on Circular Economy as part of priority agenda
The circular ‘reuse-reduce-recycle’ approach promotes a more efficient use of resources, thereby contributing to ASEAN Member States’ commitment to the Paris Agreement on climate change and the achievement of the UN 2030 Agenda for Sustainable Development Goals.
Today, ASEAN Secretariat conducted an online workshop on Circular Economy. The workshop gathered relevant sectoral bodies to discuss the draft Framework for Circular Economy for the ASEAN Economic Community (AEC), which is one of the priority economic deliverables for Brunei Darussalam’s ASEAN Chairmanship this year.(more…)
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