Apan Energy, a clean energy impact investor, announced this Monday it established a joint venture with PASH Global Management, a London-based energy transition investor. The JV has the intention to bring up to a 1 billion pounds investment in the Caribbean and Latin America over the next five years in the clean energy space.
Firstly, the joint venture established a highly experienced management and technical team with extensive development and execution expertise. In fact, the group is involved in over 100 billion pounds investment in energy and infrastructure transactions.
Moreover, the joint venture will be particularly strong in project finance, private equity, engineering, construction, operational, and maintenance experience.
Particularly, the partnership will combine Apan Energy’s local knowledge and expertise in origination and project development with PASH Global’s knowhow in the engineering, construction, operation; also, financing and hybridization of renewable energy systems. In fact, PASH Global already operates energy-producing solar plants in Africa and Latin America.
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JV between Apan Energy and PASH Global would create jobs globally and Foreign Direct Investment in countries
About the importance of the joint venture, Akaash Panday, CEO of Apan Energy Services, said. “The world is changing, and our company desires to be part of that creative change. The battle today with climate change is a wake-up call for us to act.”
He also remarked. “Our venture allows for the implementation of sustainable energy security via renewable sources resulting in a shift from HFO’s (Heavy Fuel Oils) to carbon neutrality to eventually becoming net zero. This would further create employment opportunities as well we stimulate economic growth through foreign direct investment.”
On the other hand, Kofi Owusu-Bempah, CEO & Managing Partner of PASH Global, said. “PASH is committed to energy diversification and sustainability globally by building additional capacity in renewables across the Caribbean with a strong and credible partner such as Apan Energy Services.”
Finally, Apan Energy plans to identify, finance; also, construct and operate power generation projects across the globe to become a true leader in the renewable energy sector. This would create direct/indirect jobs via Foreign Direct Investment (FDI); it will also lower the carbon footprint; will provide sustainable energy security to the communities in which projects would locate.