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WEnergy Global at Asia Clean Energy Forum (ACEF) 2014 in Manila

Mr Ashish Chawla, Manager Investment Structuring & Operations of WEnergy Global, as a speaker in the Finance Session (#11) at the Asia Clean Energy Forum (ACEF) 2014 in Manila on 20 June 2014, gave a presentation on “Transitional Obstacles in Financing Renewable Energy (RE) Projects: Old Protocols, New Technologies”. Representing WEnergy Global and other RE companies in the region, his presentation highlighted the friction factors between capital providers, policy makers and RE companies that are leading to disconnects, at various levels, amongst these stakeholders. Most important reason for inadequate implementation of RE in South East Asia being (1) wrong comparison of costs and benefits of RE with conventional fuels, (2) lack of adequate knowledge about new RE technologies and (3) modification of old protocols, designed for conventional fuels, to adopt RE in the Energy Mix. The presentation highlighted that a structural change in ideology and operational methodologies is needed in Asia to breed Renewable Energy in the region.

The Asian Development Bank (ADB), the US Agency for International Development (USAID), and the World Energy Council (WEC) hosted the 2014 edition of the Asia Clean Energy Forum (ACEF) from June 16 to 20 at ADB Headquarters in Manila. Every year, ACEF brings together hundreds of policymakers, project developers, investors, and technical experts from around the region for Asia’s premier event on clean energy technology, policy, programs, and financing. In 2014, ACEF updated its approach to feature more targeted and in-depth discussions about clean energy. There were series of interactive Deep Dive Workshops designed to give participants in-depth knowledge on specific challenges in clean energy. The workshops placed a premium on participant involvement and interaction, and aimed to produce concrete outcomes that carry beyond the Forum.