Asian family offices are avoiding greenfield investments
Wealthy families in Asia typically prefer operating projects over greenfield investments in the renewable energy sector, according to Matthew Peloso, CEO and founder of solar power developer Sun Electric.
Speaking to Citywire Asia, the Singapore-based executive, said super-rich investors have a liking for more mature projects because the likelihood of success is greater, despite lower returns.
Today, financing for green energy projects in Asia is mainly provided by big banks, governmental and inter-governmental lenders. The region had an installed capacity of 917,422 megawatts (MW) in 2017, data from the International Renewable Energy showed.