BlackRock’s leading public-private finance initiative, the Climate Finance Partnership (CPF), has entered into an agreement to provide support for Chow Energy’s development of a greenfield commercial and industrial solar project in Thailand, totalling over one gigawatt (GW).
In a collaborative statement, BlackRock highlighted that Chow Energy’s project is anticipated to reduce one million metric tonnes of carbon dioxide emissions throughout its operational lifetime.
Valerie Speth, APAC Co-Head of Climate Infrastructure at BlackRock, expressed enthusiasm for their inaugural venture in Thailand, a region at the forefront of renewable energy adoption.
Speth further stated their commitment to bolstering Chow Energy’s business expansion and expanding the CFP platform to facilitate capital mobilization into climate-focused investments in emerging markets, where such funding is critically needed. The overarching objective is to accelerate the global shift toward a low-carbon economy.
This partnership aligns with Thailand’s objective of achieving a 30% renewable energy capacity by 2037.
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