Singapore, 4 August 2021 – Kairos Renewables Pte. Ltd. (Kairos), a utility-scale renewable energy developer focused on Southeast Asia announced it has signed a joint development agreement (JDA) with a confidential Canadian investor.
The focus of the joint venture is to accelerate the development of multiple high potential wind power sites, with specific focus on the Philippines and Vietnam. Acquisition opportunities and the development of solar and energy storage projects will also be explored under the partnership.
Kairos’ joint venture partner is an experienced emerging markets independent power producer seeking to expand their LATAM and Africa portfolio by entering the Asian market. With target growth of 30 GW over the next 5 years, requiring USD 20 billion in new investment, Southeast Asia is the fastest growing renewable energy market in the world.
“Kairos has significant experience and a strong track record in its target markets,” stated Ed Douglas, Managing Director of Kairos. “This partnership will accelerate the growth of our development pipeline to more than 500MW over the next 2 years”.
About Kairos Renewables
Kairos Renewables originates, co-develops and co-finances utility-scale renewable energy projects alongside high-quality international investors. Our co-development model allows us to manage development risk whilst scaling rapidly to meet the demands of the ASEAN renewable energy market.
Kairos provides a fully integrated investment management and technical project delivery solution via its team of 23 seasoned, Asia-experienced project and finance professionals. Based in Singapore, Kairos has offices in Bangkok with an active project footprint extending to Vietnam and Philippines.