Apan Energy Services (AES), a clean energy impact investor, has partnered with PASH Global Management (PASH), a London-based energy transition investor. With this partnership, the two companies have committed to invest £1 billion in clean energy across the Caribbean and Latin America over the next five years.
The partnership is expected to benefit from Apan Energy’s local expertise in project development and origination with PASH Global’s competence in renewable energy engineering, construction, operation, finance, and hybridization. In Africa and Latin America, PASH already has solar installations. Further, the company is keen to work with AES to create innovative clean energy projects that aid in the transition to a net-zero emissions future.
In June 2021, Yinson Holdings Berhad, through its wholly-owned subsidiary Yinson Renewables Pte Ltd, collaborated with Verano Capital Holdings SpA for developing renewable energy projects in Latin America. The initial pipeline will consist of 800 MW of utility-scale solar projects spread across Chile, Colombia, and Peru. Of this, 330 MW of the total capacity was expected to be finalized within the next 6 to 12 months.
In March 2021, Oceanus Power & Water LLC, through its subsidiary Oceanus Energia y Agua de Sudamerica SpA, announced a cooperation agreement with EDF renewables to explore various possibilities and conditions to develop the world’s first Integrated Pump Hydro Reverse Osmosis Clean Energy System in Latin America, with a primary focus in the Andean Region.
REGlobal’s Views: Latin America and Caribbean have emerged as attractive investment hotspots for large clean energy players over the globe. These countries have significant untapped solar and wind resources and give large players immense scale to expand their portfolios.
