Fund to back renewable energy, efficiency projects

A new ?50-million (Bt2.5 billion) fund will be established to provide services and investment capital to enterprises and projects that generate renewable energy, enhance energy efficiency and offer energy services in Asia.

Seed money for the Private Energy Market Fund 2 (PEMF2) comes from the Renewable Energy and Energy Efficiency Partnership (Reeep), together with its Finnish partner, Emerging Power Partners. The fund will target projects in Asean member countries, India and China.

The Nation