emerging markets

OPIC’s David Bohigian explains how Blue Dot Network, a multilateral initiative backed by the US, Australia and Japan, will establish best practices that will serve ‘as a seal of approval on project excellence’.

The fund manager will use its hands-on approach to expand into developing economies, vice-chairman Jim Yong Kim said.

Panellists say financing renewable projects is becoming more difficult due to slowing economic growth in the country.

Should Andhra Pradesh - a state at the forefront of the renewables sector in the country - succeed in slashing tariffs, projects with a capacity of more than 2.5GW are at risk of defaulting.

Philippine energy producer AboitizPower is aiming to expand its portfolio of renewable energy assets in South-East Asia.

The asset manager will target core assets in developing countries and core-plus deals in developed markets.

The assets, valued at $3.6bn, will be acquired through an infrastructure investment trust set up by owner Reliance Industries.

The credit portfolio, which is targeting total returns of 5-7 percent, aims to boost awareness of environmental, social and governance issues in emerging Asian markets.

China is trailing behind its neighbour in infrastructure projects across the region by $66 billion, notwithstanding Beijing's Belt and Road Initiative.

The fund manager will look to attract institutional capital to invest in the new company, while its management team will hold a ‘significant minority stake,’ a source said.