BlackRock unit, Chow Energy partner to develop C&I solar projects

The project will reduce a million tonnes of carbon dioxide emissions.

BlackRock’s flagship public-private finance vehicle Climate Finance Partnership (CPF) entered an agreement to support Chow Energy’s development of over one gigawatt (GW) domestic greenfield commercial and industrial solar project in Thailand.

In a joint statement, BlackRock said Chow Energy’s project is expected to cut one million metric tonnes of carbon dioxide emissions over its lifetime.

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“We are delighted to make our first venture in Thailand, one of the early movers for renewables in the region,” said Valerie Speth, APAC Co-Head of Climate Infrastructure, BlackRock. 

“We look forward to supporting Chow Energy’s business expansion, as well as continuing to scale our CFP platform to mobilize capital into climate-related investments in emerging markets that require it most, with the goal of expediting the transition to a low carbon economy,” Speth added.

This will also contribute to Thailand’s goal to achieve 30% renewable capacity by 2037.