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.
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.
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