The Assignment / Client’s Problem

  • To provide an independent market report to support the IPO of a Singapore based operator of onshore wind & solar energy assets across Asia
  • Review of key renewable markets across the region, identifying opportunities and potential business risks

Westwood’s Approach & Analysis

  • Evaluating proposition of renewable energy uptake relative to competing sources of energy – coal, oil, gas and nuclear
  • Understanding each country’s renewable energy development initiatives, detailing key policy mechanisms employed by the government and its effectiveness thus far
  • View on future generation mix by energy source, taking into consideration current progress to-date and ability to realize targets set
  • Forecasting of global renewables expenditure in each target country market based on anticipated capacity additions
  • Competitive landscaping of top renewable energy players, including market position and owned capacity in each country

The Outcome & Benefit

  • Provided a comprehensive document summarizing and comparing renewable investment in focus countries, for use in the prospectus
  • Highlighted that factors such as falling Levelized cost of electricity, as well the endeavour towards security of supply will continue to support renewable energy development, albeit to a varying extent across countries
  • Reviewed the effectiveness of policies and financial mechanisms used on a country level, providing a view on the extent of the Client’s exposure to identified investment hotspots
  • Growth in energy demand, coupled with improving project economics are anticipated to accelerate renewable energy development in Asia, solidifying the company’s portfolio/position in the region