How private credit is funding the renewable energy transition across Asia Pacific — and what solar, wind, and grid infrastructure developers need to know about accessing non-bank capital.
Published by
Donald Klip | Co-Founder, Global Mortgage Group | Head, GMG Capital Advisory
30 years of institutional finance. Former hedge fund founder. Senior roles at top global investment banks. GMG Capital Advisory arranges private credit and special situations finance of $10M–$100M for operating companies across Asia Pacific.
[email protected] | +65 9773 0273 | Singapore · Hong Kong | Asia-Pacific
Asia Pacific is the world's largest and fastest-growing renewable energy market. Solar capacity additions across the region broke records in 2023 and 2024. Offshore wind is emerging as a major growth segment in Taiwan, Japan, South Korea, Vietnam, and the Philippines. The capital requirements are enormous and growing. And the banking system, while active in the largest transactions, is not fully meeting the demand in the mid-market.
Renewable Energy Finance is one of the most active and underserved sectors in Asia Pacific private credit. The capital is available, if you know where to find it.
Why Banks Are Pulling Back from This Sector
Renewable energy lending has become a priority for many banks from an ESG perspective. However, bank renewable energy lending is concentrated in the largest, most straightforward transactions: utility-scale solar with contracted government offtake, large offshore wind with multinational developer backing. The mid-market: distributed solar, small-scale wind, community energy, and corporate renewable investments, is systematically underserved by bank project finance.
Collateral and Security in This Sector
Feed-in tariffs and government offtake: Contracted revenues from government renewable energy support schemes. Among the strongest possible collateral given the creditworthiness of the government counterparty.
Corporate PPA revenues: Long-term power purchase agreements from creditworthy corporate offtakers. The corporate PPA market in Asia Pacific is growing rapidly as businesses commit to renewable energy targets.
Solar panels, wind turbines, and grid assets: Generation and transmission infrastructure. Technology-proven assets maintain value reasonably well.
Land rights and grid connections: Site access, grid connection rights, and transmission easements. Critical value components for solar and wind assets.
Carbon credits and RECs: Renewable energy certificates and carbon credits from verified renewable generation.
GMG Capital Advisory in This Sector
GMG Capital Advisory is active in renewable energy private credit across Asia Pacific. We have arranged financing for solar developments, grid infrastructure investments, and corporate renewable energy transactions across the region. Contact us to discuss your renewable energy financing requirement.
About GMG Capital Advisory
Donald Klip | Co-Founder, Global Mortgage Group | Head, GMG Capital Advisory
Donald Klip has 30 years of institutional finance experience spanning hedge fund management and senior roles at the world’s top global investment banks. GMG Capital Advisory specialises in arranging and structuring corporate debt financing of $10M–$100M for operating companies, asset owners, and project sponsors where conventional bank lending is unavailable, insufficient, or too slow. We operate across 23+ jurisdictions in Asia Pacific.
www.gmg.asia | [email protected] | +65 9773 0273 | Singapore · Hong Kong
The Debt Desk
Corporate private credit intelligence for Asia Pacific’s $10M–$100M middle market. Published by GMG Capital Advisory. Part of the Private Credit Asia content series.
www.gmg.asia | Read all 41 articles in the series
