BlackRock’s Climate Finance Partnership (CFP), a public-private finance vehicle focused on investing in climate infrastructure across emerging markets to help accelerate the global transition to a net-zero economy, has partnered with Chow Energy, a renewable-energy operator and developer in Thailand, to develop a large-scale commercial and industrial solar portfolio.
This marks BlackRock Private Markets’ first renewable venture in Thailand.
The partnership will support Chow Energy’s goal of building out a 1-gigawatt pipeline of domestic greenfield commercial and industrial solar capacity, according to multiple reports. The portfolio is expected to help reduce 1 million metric tonnes of carbon dioxide emission throughout its lifetime.