Morrison is expanding its presence in Singapore with Operating Partner Hon. James Shaw, who is a former New Zealand Climate Change Minister, to be based in its new Singapore office.
Morrison Chief Executive Paul Newfield said the global infrastructure manager is working with investment funds on projects in Southeast Asia and around the region, particularly in the renewable energy sector.
“Morrison was founded in New Zealand more than 35 years ago but today has a global team of more than 200 professionals working across seven offices in the UK, USA, Singapore, Australia and New Zealand, and is now one of the world's largest specialist infrastructure managers, managing over US$28 billion of assets.
“While we are already involved in the development, ownership and operation of solar, wind and storage assets across Asia, James Shaw will expand our presence into Asia as the region transitions to renewables. Markets across Asia benefit from combined tailwinds of demand growth, a commitment at national levels to decarbonisation, and an increasing desire to reduce dependency on imported fuels and build self-sufficiency and security of supply.
“The breadth of the Asian market provides diversity to investors, both from geographic and technology perspectives. In a world characterised by energy sector uncertainty, the Asian market has a commitment to sustainability and developing quality renewable energy assets at a time when demand for resilience is only increasing.”
During his ten years as a Member of Parliament and six as a Government Minister, James Shaw was the architect of New Zealand’s net-zero framework, brokering bi-partisan support for the Zero Carbon Act, reforms of the NZ Emissions Trading Scheme, and the world’s first Climate Related Financial Disclosures regime.
“I’m excited about being based in Singapore, where there is so much support for and investment in the development of wind and solar PV energy projects, and storage solutions, across Southeast Asia, North Asia and India,” Mr Shaw said.
“I will be looking to build on the networks I developed across the region’s government and business leadership during my time as a New Zealand government minister attending summits to tackle climate change and the world’s environmental challenges.
“Singapore is one of the big three global capitals for green finance, so Morrison is building a senior presence focused on the investing community there, looking for opportunities to make a difference.
“We see the region now at the forefront of developing large scale solar PV generation and storage as it shifts from reliance on fossil fuels and develops energy storage deployment technologies. It is also involved in world-leading carbon dioxide removals which could play a significant role in the drive to decarbonise.”
