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ADB launches low-carbon tech platform for Asia

Singapore, PTI | Updated : 09 December 2014, 08:16 AM

The ADB has launched the world’s first platform to facilitate knowledge sharing on low-carbon clean technology and renewable energy among Asian countries including India.

The Cleantech Intellectual Property Assisted Brokerage Platform (IPEx) will be operated by Singapore-based clean energy consulting firm ReEx Capital Asia.

In India, the IPEx will team up with Infuse Ventures, IIM-Ahmedabad’s clean tech-focussed fund, to introduce low-carbon technologies in the country.

Infuse Ventures, housed at IIM Ahmedabad’s Centre for Innovation Incubation and Entrepreneurship (CIIE), would form partnerships with local entrepreneurial teams to help create, build and scale new clean-tech businesses and entrepreneurial ecosystem to solve specific pressing challenges in India.

The initiative by the Manila-based Asian development Bank would initially focus on solar, energy storage, energy efficiency and waste to energy, ReExCapital chief executive officer Yanis Boudjouher said here.

The Singapore-based platform aims to be a matchmaker and service provider for clean technology companies to bring their products and services to Asia.

Cleantech investment in Asia is estimated at USD 20-30 bn a year between now and 2020, according to industry estimates.

The assisted brokerage entity would bridge low carbon technologies (LCT) from around the world with relevant Asia-based project developers and systems integrators, said Frederic Crampe, ReExCapital Asia co-founder.

“IPEx Cleantech Asia will accelerate the transfer and deployment of LCTs by ensuring that a high-level pre-feasibility evaluation is in place that facilitates the transaction, thereby helping to mitigate climate change impacts and stimulate economic development,” said Sanjay C Kuttan, Director DNV GL Clean Technology Centre, which would provide policy and technology support to IPEx.

First Published: Tuesday, December 09, 2014 08:09 AM
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