Linklaters Hong Kong office hosts inaugural Asia-Pacific renewable energy roundtable

 

On 31 October, Linklaters Hong Kong office hosted a renewable energy roundtable to a group of around 30 senior industry participants from the financing community, funds and developers to explore and discuss the latest investment opportunities, regulatory developments and financing trends in the renewable energy sector across Asia Pacific. The event was part of a broader region-wide push on opportunities to support clients as part of the transition towards a low carbon future for energy generation. 

The first half of the roundtable involved senior experts from Linklaters and alliance partners from across the region providing a snapshot of the latest trends and regulatory developments of some of the most active markets in the region. This included Kate Axup, partner of Allens in Melbourne, Feroz Dubash, partner of TT&A in Mumbai and Bill Magennis, Head of Allens Vietnam. James McLaren, partner in Hong Kong and Gilly Hutchison, managing associate in Hong Kong covered the other most active markets including the recent offshore wind market developments in Taiwan, Japan and Korea as well as general developments in South East Asia. We were delighted to also have Sarah Fairhurst, economist from The Lantau Group and specialist expert in the Philippines power market, speak on the latest developments in the renewables sector in the Philippines.

The second half of the roundtable featured an interactive panel discussion led by senior industry participants. We were privileged to have a great panel of external experts talk about their experiences and key themes, trends and challenges that they are seeing in their areas. The panel included Najeeb Haider – Principal Strategy Officer, Asian Infrastructure Investment Bank, Beijing; Vian Davys – Senior Director, Renewable Energy, CLP Holdings Limited, Hong Kong; and John Jackman – Managing Director, Macquarie Capital, Hong Kong. There was a lively discussion between panellists and other participants including around some of the key challenges impacting the sector in the region (such as the sheer pace of change, scale and land use rights and the quality and support of regional governments in supporting the availability of long-term revenue for renewables projects) and some of the solutions that might be provided by both the financing and investment communities.

The event ended with a quick survey of attendees which indicated that:

  • China, India and Australia remain the most prospective markets in terms of regional opportunities in renewable energy;
  • There is a huge amount of interest in the fledgling offshore wind market in North Asia, led by Taiwan;
  • Regulatory certainty and quality of project proponents and counterparties remain of upmost importance in attracting investment and financing in projects; and
  • Apart from the offshore wind opportunities mentioned above, solar is expected to be the most active sub-sector in this market.

If you would like more information about our renewables energy experience, please contact James McLaren.