Move by a specialist investment management company marks increasing maturity of regional renewables industry
Dubai, 28th January 2013: Adenium, a financial investor and developer specialising in clean energy investments, today announced that it is to become a foundation member of the Clean Energy Business Council, the region's private sector renewable energy business group.
Adenium, based in the Dubai International Financial Center, is one of the first clean energy investment management companies to be headquartered in the Middle East. The emergence of specialised fund management companies, already common in Europe and North America, shows the increasing private sector interest in the commercial potential of clean energy in the region.
Specialised investment management companies provide investors with the opportunity to invest directly in clean energy projects.
Last month the Clean Energy Business Council revealed a study of the regional industry which found that there are over 150 clean energy projects currently operating or under development across the Middle East and North Africa, far more than industry watchers previously thought.
"We are proud to become one of the foundation members of the Clean Energy Business Council," said Wassef Sawaf, Chief Executive Officer of Adenium Energy Capital. "The clean energy business has great potential in this region, and it is important that the industry develops a stronger regional voice to ensure policy and capital allocation reflects this potential."
Aaron Bielenberg, CEO and Founder of the Clean Energy Business Council, said:
"Investment management companies, as allocators of capital, are playing an increasingly important role in the development of the clean energy sector in MENA. I have followed Adenium's development and I am excited about the opportunities that this new partnership will bring to the table for the Council and the clean energy industry in the region. As a leading investment management firm specialising in cleantech, Adenium is a strong addition to the CEBC."
Adenium joins current members of the Clean Energy Business Council which include utilities, equipment manufacturers and industry service providers such as banks and lawyers.
Registered as a Not for Profit Company in Masdar City in Abu Dhabi, the Clean Energy Business Council is the pre-eminent organization representing the private sector involved in the clean energy sector across the MENA region.
Adenium Energy Capital was launched in early 2010 as an investment company, specializing in the investment and development of clean energy and alternative energy - related sectors. Adenium's mandate is to build a diversified global portfolio of clean energy assets with an initial focus on the European, Middle Eastern and North American solar markets. Adenium Energy Capital is the fruit of a join enterprise between prominent entrepreneurs - each a leader in their respective industry - with a common passion to develop a sustainable, world-class investment company focus on the promotion of clean and renewable energy investments. For more information about Adenium Energy Capital, go to www.adeniumcapital.com
For further information please contact:
CEBC program manager Loukia Papadopoulos, CEBC program manager
loukia@cleanenergybusinesscouncil.com
Simon Buerk, Edelman
Simon.buerk@edelman.com
+971 50 818 0384
Karim Kuzbari, Adenium Energy Capital, Head of Business Development
Karim.kuzbari@adeniumcapital.com
© Press Release 2013
