REC recently announced its participation at Asia Clean Energy Forum 2012 to be held in Manila from June 4-8, 2012.“With some of the highest rates of solar irradiation, Asia Pacific is an important locale that holds untapped potential for the solar industry. REC is excited to participate in the Asia Clean Energy Forum to discuss and share best practices in financially enabling utility projects which can and should be adopted by both the private and public sectors around the region,” said Matt Daly, General Manager, REC Solar Asia Pacific. “Solar offers developing nations in Asia huge opportunities as a leapfrog technology. However, the project financing needs to be addressed before Asia can fully reap the benefits of solar.”
Matt Daly will be participating as a speaker during the conference at a breakout session to discuss how the development of a focused project financing landscape is crucial for the adoption of solar utility projects in Asia, and how developers and investors can hedge themselves against the financial risks involved.
“It is imperative for governments, regulators and key players in the finance industry to develop opportunities and the necessary infrastructure that will allow the region to leverage its high solar potential,” Matt Daly added. “REC is interested in ideas that will deliver reliable and affordable energy supplies to the numerous diesel-dependent communities in Asia that still experience energy deficiencies. With the right support and financial infrastructure, Asia’s energy requirements can be substantially met through the adoption of solar energy.”