Infratil has a firm commitment for US$233 million towards the development of Gurin Energy, with $100 million of that funding commitment to be sourced from third party financiers for projects involved. 

Gurin Energy is to invest in wind and solar energy projects, including storage elements, across Southeast Asia, North Asia, and India. It is progressing an initial pipeline of projects collectively representing some 500MW capacity across the Philippines, Vietnam, Thailand, Indonesia and Japan.

Infratil chief executive Jason Boyes says Asia represents a serious opportunity for growth as the world approaches 2030.

"Decarbonisation is essential to combat climate change and renewables is one of the single largest investment opportunities in history," Boyes said.

"Markets across Asia are characterised by...demand growth, a growing [decarbonisation] commitment...increasing desire to reduce dependency on imported fuels, and to build self-sufficiency." 

"The breadth of the Asian market allows us to diversify our risk profile, both from geographic and technology perspectives. Together with our US, European and New Zealand platforms, our investment in Gurīn Energy demonstrates our global commitment to sustainability."

Gurin Energy will represent the fourth continental market expansion for Infratil. 

The move comes only months after Tilt Renewables announced its intention to de-list off the ASX in July — Infratil was a major shareholder of Tilt, and approved the sale and delisting of the former renewables ASX constituent.

Infratil oversaw the sale of Tilt for some A$2 billion in value to Powering Australian Renewables. The sale of Tilt effectively saw Infratil exit Australia. 

Infratil has also built up renewables companies in the US and Europe. 

Gurin Energy is to prioritise greenfield renewables project investment in Asian jurisdictions, as Infratil continues to expand its global operational footprint.

The CEO of Gurin Energy is Assaad Razzouk, a Lebanese-British entrepreneur, formerly the Chairman and CEO of Sindicatum Renewable Energy Singapore.