Blended financing can help encourage power industry players to retire their coal plants early and develop renewable energy projects for a lower cost, energy transition experts said. | MegINQ
“The difference this time around is that we’re bundling renewables development with coal retirement. That’s special,” Ang said at a decarbonization forum organized by Singapore-based research and investor relations firm Asia Research & Engagement .
ACEN, the listed energy platform of the Ayala group, received P7.2 billion from the transaction and the amount will be reinvested into its RE projects. The problem, however, is that there is “very limited” blended financing in Asia. Metzger said blended finance transactions in the region totaled 107 since 2013, representing about $20 billion, or only 11 percent, of global blended finance transactions.“The region is lacking an experience in doing blended finance so we need to get expertise to help do that,” Metzger said.