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Ukko Renewable ready to implement long-term ambition to become a leading player in the energy transition across Asia
The Emerging Africa and Asia Infrastructure Fund signed a senior secured debt financing agreement providing up to 50 million dollars to Ukko Renewable. The facility supports the development of renewable energy projects across Vietnam, the Philippines, and other Southeast Asian countries, advancing an initial pipeline exceeding two gigawatts within a broader prospective portfolio of more than three gigawatts that encompasses onshore wind, solar, and hydro installations.
CleanTechnica got wind of the story after the ASEAN Clean Energy Forum earlier last July.
Ukko Renewable operates as the renewable energy platform of Groupe Duval in Southeast Asia. Louis-Victor Duval, chief executive officer of Groupe Duval, said the financing marks a defining milestone for Ukko Renewable and reflects the company’s long-term ambition to become a leading player in the energy transition across Asia. “Through Ukko Renewable, we are building a platform capable of developing high-quality renewable energy projects that combine technical excellence, strong local partnerships and the highest environmental and social standards,” Duval said.
