Berkeley Energy has deep renewable energy and power engineering, construction and investment experience in developing markets, where it is a focused investor, developer and deliverer of renewable energy assets. Berkeley Energy works with its partner companies to provide engineering, management and financial support, whilst offering the ability to act as a bankable sponsor for renewable energy projects.
REAF II is expected to make a significant contribution to the economic development of its target countries in South & Southeast Asia, by increasing the domestic power supply while reducing risk of dependence on fossil fuel imports. Moreover, with its in-house project development and management team, REAF II will directly contribute to the professionalization of its portfolio projects, and thereby support the diffusion of best practices in the renewable energy sector in developing countries.
“We are glad to partner with an experienced fund manager such as Berkeley Energy. In particular, thanks to their deep expertise with hydro projects, we expect SIFEM’s investment in REAF II to contribute to the provision of much-needed affordable and renewable base-load power in our target countries.” Philip Sieber-Gasser, Investment Manager Asia, Obviam