Singapore-based firm aims to power clean energy projects in South-east Asia

Published onJanuary 30, 2019

A new Singapore-based firm has set out to build and run clean energy projects across the region. CleanGrid Partners was unveiled yesterday as a collaboration by Singapore’s WEnergy Global, consultancy ICMG Partners and energy firm Greenway Grid Global, which is backed by Japanese electricity giant Tokyo Electric Power Company’s Tepco PowerGrid. The investment entity has US$60 million (S$82 million) in the kitty, with each partner putting up an equal share and US$20 million earmarked for short-term deployment. It aims to build up a portfolio of electrification projects worth US$100 million in South-east Asia within four years. WEnergy Global’s flagship micro-grid project on the Philippine island of Palawan, which electrifies households and commercial players through hybrid power sources such as solar and diesel, is now part of the joint-venture plan, according to a statement.