Renewable Energy Asia Fund

South Asia Infrastructure

Founded in 2007, Berkeley Energy has experience in over 120 renewable energy and power engineering, construction and investment projects across Africa and Asia.

CDC supported Berkeley Partners’ first fund, Renewable Energy Asia Fund, as anchor and lead investor.

This is a renewable energy fund focused on pre-construction stage assets in Asia (India and Philippines).

This investment was made under a previous strategy. We disclose information on all our current investments, but narrative information on our pre-2012 investments, when we introduced a new strategy, may be limited.

Key facts

Status:
Active
Region

Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

:
South Asia
Countries

For funds, the countries listed here are those the fund has invested in so far.

:
India, Philippines
Sector

We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people. For funds, the sectors listed here are those the fund has invested in so far.

:
Infrastructure
Website:
http://www.berkeley-energy.com/
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

:
Intermediated investment
Fund manager:
Berkeley Partners LLP
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

:
December 2009
Amount

For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).

For funds, this is the total amount that CDC has committed to the fund.

:
$19.68m
Domicile

This is the investee company’s place of incorporation; or a fund’s jurisdiction.

:
United Kingdom

Investments made by this fund

  • Active
  • Exited
Investment name Country Region Sector Start date Status
Energy Logics Philippines Inc.

Energy Logistics is a developer of renewable energy in the Philippines, with a focus on wind power. It is the largest wind power company in the South East Asian region.

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Philippines Rest of the World Infrastructure December 2009 Active
Panama Wind Energy Pvt Ltd

Panama Wind Group is an IPP Wind Power Developer in the State of Maharashtra with an experience of eight years in building Wind Power Projects across several states in India.

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India South Asia Infrastructure January 2011 Active
Kharnal Hydro Electric Power Project

14MW small hydro-electric generator project in India

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India South Asia Infrastructure April 2011 Active
Berkeley Energy Renewables India Private Limited

12.5MW small hydro-electric generator project in Uttarakhand, India

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India South Asia Infrastructure June 2011 Active
Lake Mainit Hydro Generation Corporation

24MW small hydro-electric generator project in the Philippines

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Philippines Rest of the World Infrastructure October 2011 Active
Panama Wind Energy Godawari Private Ltd

Panama Wind Energy Godawari (PWEGPL) is a 80MW pipeline project being developed by Panama Wind Energy and Berkeley Energy. PWEGPL will add to the 96MW wind power project of Panama Wind Energy Private Limited.

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India South Asia Infrastructure November 2012 Active
Montalban Methane Power Corporation

Montalban Methane Power Corporation (MMPC) is developing a methane gas power plant in the Montalban Landfill in Rodriguez, Rizal. It is the company behind the first 8.19-MW methane facility in the Philippines.

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Philippines Rest of the World Infrastructure March 2013 Active
Philippines Hybrid Energy Systems Inc.

Philippines Hybrid Energy Systems develops renewable energy in the Philippines and throughout Asia. PHESI specialises in hydro and solar energy but also handles other renewable energy systems.

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Philippines Rest of the World Infrastructure March 2013 Active
Isabela Power Corporation Philippines Rest of the World Infrastructure December 2013 Active
Puting Lupa Geothermal Philippines Rest of the World Infrastructure March 2014 Active