PROJECT

Projects

Summary of Investment Information

Project Number

37536

Company Name

RENEWABLE ENERGY ASIA FUND II, LP

Date SPI Disclosed

Dec 22, 2015

Country

East Asia and Pacific Region

Region

East Asia and the Pacific

Projected Board Date

Jan 29, 2016

Environmental Category

FI-1 - Significant

Status

Active

Last Updated Date

Dec 13, 2022

Department

Disruptive Tech, Service & Funds

Industry

Funds

Previous Events

Approved : Feb 11, 2016
Signed : Mar 7, 2016
Invested : May 5, 2016

Sector

Growth Equity Fund

Project Description

Berkeley Renewable Energy Asia Fund II (“REAF II” or the “Fund”) is a 10-year private equity (“PE”) fund which aims to raise $250 million commitments to be invested in renewable energy projects in emerging markets in South and Southeast Asia. REAF II will make equity investments into development stage renewable energy projects and project developers, mature these investments into operation and generate enhanced returns through successful exits either on an individual asset basis or as a portfolio or collection of portfolios. The Fund will be managed by Berkeley Energy (“Berkeley” or the “Manager”), an independent fund manager established in 2007 that has been focusing on investment opportunities in renewable energy in emerging markets.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation