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Private equity firm plans entry into local RE scene

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Private equity investor New Wave Strategic Holdings Inc. plans to invest $50 million into the Philippine renewable energy market to help generate up to 1,000 megawatts of capacity mostly through the development of solar and wind farms in Luzon. | MegINQ

According to New Wave, it partnered with Malaysian government-backed investment firm Emissary Capital Partners Sdn Bhd in its goal to fund companies in the renewable energy industry, citing financial challenges faced by the private sector in the early stages of development.“It is important that the Philippines develops a more mature ecosystem with capital providers across various stages of the investment cycle. Our value proposition is more than capital.

We help businesses scale within the Philippines and can open up regional Southeast Asia access,” New Wave director Emissary Capital Partners Sdn Bhd said in a statement over the weekend.

 

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New Wave, Malaysia firm eye $50-million renewable energy investment in PhilippinesPrivate equity investment firm New Wave Strategic Holdings Inc. and Malaysian government-backed investment fund Emissary Capital Partners Sdn Bhd are eyeing to invest $50 million into the Philippines’ renewable energy market.
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