Asia's $20 Billion Clean Energy Tycoon Considers Going Global

The world’s largest private investor in clean energy, Zheng Jianming, who has amassed about $20 billion in Chinese solar manufacturing assets, is considering seeking U.S. investments to fund his expanding energy technology ambitions. Zheng is the chairman and founder of Asia Pacific Resources Development (APRD), which holds the world’s largest collection of solar-manufacturing businesses. During a recent meeting with potential investors at the Next Generation Solar PV Finance Conference in New York, he indicated that he may be ready to seek a public listing for APRD.

Hong Kong-based APRD is also investing in electric cars, geothermal systems, and even technologies that use seawater to store power. Zheng says that his aim is to supply clean energy for nearly every aspect of daily life – from the power source to air conditioning, lighting, and transport. His vision for APRD is not just limited to China, but aimed at going global. “If a city were to implement all of these technologies, it would basically be low-carbon,” he said in New York.

To continue reading, click here

Image Credit: Flickr via Mark Florence

Vikas is a staff writer for the Sustainable Development news and editorial section on Justmeans. He is an MBA with 20 years of managerial and entrepreneurial experience and global travel. He is the author of "The Power of Money" (Scholars, 2003), a book that presents a revolutionary monetary economic theory on poverty alleviation in the developing world. Vikas is also the official writer for an international social project for developing nations "Decisions for Life" run in collaboration between the ILO, the University of Amsterdam and the Indian Institute of Management.