A collaboration between two investment groups to invest a total of £1 billion in clean energy infrastructure in the Caribbean and Latin America has been announced.

The partnership between APAN Energy, a Guyana-based clean energy investor, and London-based investment manager PASH Global represents a commitment to invest £1 billion in the region over the next five years.

The project combines APAN Energy’s local contacts and expertise operating in the region with PASH Global’s experience with international energy investments and access to international resources and services. PASH Global operates a number of solar energy plants in Africa and Latin America.

Chief Executive Officer of Apan Energy Services, Mr. Akaash Panday, articulated his vision for the venture by stating, “The world is changing, and our company desires to be part of that creative change. The battle today with climate change is a wake-up call for us to act.

“Our venture allows for the implementation of sustainable energy security via renewable sources resulting in a shift from HFO’s (Heavy Fuel Oils) to carbon neutrality to eventually becoming net zero. This would further create employment opportunities as well we stimulate economic growth through foreign direct investment.”

The firms cited UN Secretary-General Antonio Guterres’ comment that the climate crisis represents “code red for humanity” as a driving factor behind their joint investment. The two firms have a combined experience investing over £100 billion in clean energy and infrastructure projects in several countries.

Kofi Owusu-Bempah, CEO & Managing Partner of PASH Global, said: “PASH is delighted to partner with AES to deliver innovative clean energy projects which facilitate the transition towards a net zero emissions.

“PASH is committed to energy diversification and sustainability globally by building additional capacity in renewables across the Caribbean with a strong and credible partner such as Apan Energy Services.”