The Climate Finance Partnership (CPF) is all set to provide support for Chow Energy’s greenfield commercial and industrial solar project in Thailand.
BlackRock’s leading public-private finance initiative CPF has already entered into an agreement for the same.
The project will have a total capacity of over one gigawatt (GW).
Issuing a statement, it is informed that the project is expected to reduce one million metric tonnes of carbon dioxide emissions during its operation.
Valerie Speth, APAC Co-Head of Climate Infrastructure at BlackRock, said in a statement that the company is committed “to bolster Chow Energy’s business expansion and expand the CFP platform to facilitate capital mobilization into climate-focused investments in emerging markets, where such funding is critically needed. “
The company’s further objective is to accelerate the global shift toward a low-carbon economy.
It has been reported that the current partnership aligns with Thailand’s goal. The country aims to achieve a 30% renewable energy capacity by 2037.
