Opportunity to invest in the renewable energy market in Asia

Without a doubt, the world is transitioning into renewable energies at an increasing speed. The global renewable energy market was valued at $928.0 Billion in 2017 and is expected to reach $1,512.3 Billion by 2025, registering a CAGR of 6.1% from 2018 to 2025. As technology advancements are extending our capabilities in harnessing energy from natural sources, more and more opportunities are popping up in this space.

Investors' focus: eyes on Sri Lanka's budget & tax exemption for renewable energy projects

This month, Sri Lanka’s Prime Minister Mahinda Rajapaksa said 1,000 MW would be added to the national grid from solar power during 2021 and 2023.

With 300MW already added to the national grid, the PM proposed to generate 500MW by providing solar panels to 100,000 low-income families. Meanwhile, another 10,000 transformers will be added to the solar power plants, and Sri Lanka’s offshore wind power plants and floating solar power plants will increase their renewable power generation to 1,000MW.
In addition, not only Sri Lanka’s energy capacity is increasing, but all renewable energy investments will be exempted from taxes for seven years, which puts in a big incentive for the projects in this space.

This news puts one of KapVista's clients in an advantageous position:

Project Orbital | raising USD 71M

Project Orbital is an SPV led by an experienced team that has been involved in solar projects with investments based in the UK, USA, Ghana, Sri Lanka, and Vietnam. With the news that 70% of Sri Lanka’s energy supply is to be sourced from renewable energy by 2023, this opportunity gains momentum.

Project Orbital is an SPV incorporated in Singapore with a geographic focus of their projects across South Asia and South East Asia. With a total SPV size of USD 71M and a planned exit within 5 years, Project Orbital’s unique positional advantage following the news from Sri Lanka’s PM puts the spotlight on the investment opportunity.
If you’d like to know more or speak with the founding team, register your interest in Project Orbital here.

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