Constant Energy announced today that funds advised by Olympus Capital Asia are partnering with them to create a new larger renewable energy assets platform that will pursue opportunities in the attractive, rapidly expanding commercial and industrial (C&I) renewable and storage market in Southeast Asia. Olympus Capital Asia’ investment will be made through Asia Environmental Partners (“AEP”), its clean energy and sustainability platform.
Constant Energy has been operating solar plants providing low-cost green power to large industrial clients in Thailand since 2017 and has over 150 megawatts of subsidy-free projects at the development stage in Thailand and other Southeast Asian markets with over 25 large industrial clients.
“We are pleased that Asia Environmental Partners, one of the most experienced clean energy and sustainability investors in Asia, chose to partner with Constant Energy for its C&I platform. We are looking forward to accelerating our investment in world-class solar plants and thereby enabling our clients to rapidly and materially reduce their carbon footprint, said Franck Constant, founder and CEO of Constant Energy”.
Pankaj Ghai, Managing Director of AEP, added, “We are excited to be able to participate in the clean energy revolution through investing in solar plants supported by long-term contracted cash yields with tier one corporates. The management team at Constant Energy has an excellent track record in delivering good-quality power projects in Asia. We look forward to bringing more renewable power into this fast-developing part of the world and supporting rapid and sustainable economic growth.”
Constant Energy was advised by Finergreen as financial advisor in the transaction.
