http://search.ft.com/ftArticle?queryText=Asian+renewable+energy&y=0&aje=true&x=0&id=071029000115&ct=0&nclick_check=1Green investors, pension funds and private equity managers have a "wall of money" poised to flow into renewable energy ventures in Asia where demand for energy is growing exponentially, say observers. Investable opportunities may remain frustratingly elusive but the sector could soon explode into life.
Few doubt that sustainable energy in Asia could be lucrative, offer acceptably safe returns and be environmentally appealing with energy consumption in the region currently rising at almost 30 per cent a year - if regional authorities were not so focused on typically cheaper traditional fossil fuels.
"We are kind of stuck at the moment. We've got quite high-risk capital coming in but not much in the way of investment one step up from that," says Melissa Brown, executive director of the Association for Sustainable and Responsible Investment in Asia.
"It's the classic Asian dilemma: immense potential but you don't know when you are going to get the commercial structures to make it work," adds Ms Brown.
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