Armstrong South East Asia Clean Energy Fund LP
Meeting a growing need for clean and renewable energy in the region
Fund Summary
Meeting a growing need for clean and renewable energy in the region
Armstrong South East Asia Clean Energy
Fund Size:
US$ 164 million
Term:
2012-2022 (Investment Period till 2017)
LPs:
IFC, FMO, DEG, Proparco, GEEREF, Obviam, Unigestion, Asian Corporate
Manager:
Armstrong Asset Management Pte Ltd (Singapore)
Investment Size: US$ 5 million – 24 million
Holding Period: 3 – 8 years
Mandate
Sector Focus:
Renewable Energy (+ Resource Efficiency)
Regional Focus: ASEAN (- Singapore)
Investment Strategy
Small scale clean energy assets aggregation to 50MW scale
Portfolio Companies
SE Asia Fund completed 3 investments
Symbior Elements
Developer: Symbior Solar Siam
Sector: Solar PV
Country: Thailand
Commitment: US$ 16 million Invested: September 2013
Partnership with HK based Symbior Energy to develop a 30MW portfolio of solar PV assets in Thailand.
Annex Power
Blue Circle
Developer: Annex Power
Sector: Solar PV / Biogas
Country: Thailand, Philippines & Indonesia
Commitment: US$ 30 million Invested: September 2013
Highly experienced renewable energy group focused on Southeast Asia with over 80 professionals experienced in the EPC of solar, and biogas power plants.
Developer: Blue Circle
Sector: Wind
Country: Thailand, Vietnam & Cambodia
Commitment: US$ 40 million Invested: May 2014
Investing in Renewable Energy Projects
Issues
Regulatory Environment
In Constant Evolution
Implementation not always clear cut
Decentralized permitting process
Incentives / Disincentives
Feed In Tariffs
Tax Incentives
Foreign Investment Restriction
Development Risks
Land Acquisition
Limited Availability of Data
Limited Choice of Good Consultant / EPC Contractor
Financing
Access to Non-Recourse Debt Financing
Upcoming Investments
US$60 million Additional Commitments to be Made by End 2014
Indonesian Hydro
Philippines Solar
Philippines Hydro
Developer: […]
Sector: Solar PV
Country: Philippines
Commitment: […]
Targeted Closing: Q3 2014
Experienced EPC and Developer.
Developer: […]
Sector: Hydro / Mini Hydro
Country: Philippines
Commitment: […] Invested: Q4 2014
Partnership with highly experienced renewable energy developer.
Developer: […]
Sector: Mini Hydro
Country: Indonesia
Commitment: […]
Targeted Closing: Q3 2014
