PowerSource Energy Services (PES), a Philippines based hybrid distributed energy developer, announced a US$25 million funding round to expand its operations. PES has entered into contracts to supply combined heat and power to hotel and shopping complexes in the Asia-Pacific region, “a business opportunity which the investor sees as a key component to build their portfolio in clean energy investments in the region” says Frederic Crampe, General Manager of the Renewable Energy Exchange in Singapore.
The PowerSource Group LLC
PowerSource specializes in the application of hybrid distributed generation solutions for corporate institutional energy management (PowerSource Energy Services) and rural electrification and community development (PowerSource Micro-Grid Operations) in Asia. In each sector PowerSource deploys hybrid generation platforms drawing on a customized mix of biogasification, photovoltaic, wind, exhaust heat recovery cogeneration and conventional diesel generation. Each sector is highly scalable and produces substantial carbon credits available for re-sale in the market. The PowerSource team is highly experienced internationally in power plant design, construction, operation and maintenance, distributed generation, hybrid energy system design and installation, renewable energy systems and rural electrification. PowerSource management has successful track records at both Fortune 100 multinational and entrepreneurial start-up levels. (www.powersourcellc.com)
Renewable Energy Exchange – REEX
REEX is a Singapore based investment banking boutique specialised in the Asian clean energy sector. It offers a solution to an often quoted obstacle within the emerging renewable energy and energy efficiency markets that developers find it difficult to identify sources of finance while financiers find it difficult to identify bankable projects. REEX addresses this situation by providing a single point of contact through which a professionally prepared and monitored project portfolio is available to an active group of investors. The company helps project developers to raise finance through matchmaking with financial institutions, development banks, corporate investors, clean energy private equity funds and carbon funds. For investors and lenders, REEX acts as another source of deal flow as it sources and reviews biofuel and infrastructure power generation (wind, biomass, biogas, hydro, etc) investment opportunities across Asia. REEX was established with support from REEEP, the Renewable Energy and Energy Efficiency Partnership, and DEG, the development finance arm of German KfW Bank.
+65 9625 4770