Sindicatum Sustainable Resources | Privately Held |
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| Industry | Environmental Services Private Equity |
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| Founded | 2005 |
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| Headquarters | Singapore |
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Key people | Assaad W. Razzouk, CEO; Michael Boardman, CFO; Robert Driscoll, Non-Executive Director; Tom Daschle, Non-Executive Director, Sobhi Hatem, Non-Executive Director |
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| Products | Project management |
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Number of employees | 104 |
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| Website | www.sindicatum.com |
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Sindicatum Renewable Energy is an Asia-focused renewable energy company headquartered in Singapore. Sindicatum Renewable Energy is a developer, owner and operator of clean energy projects principally in India, Indonesia, Thailand and the Philippines. [1] Sindicatum moved its headquarters from London to Singapore in 2009 to be closer to its assets, most of which are in Asia.
Singapore, officially the Republic of Singapore, is a sovereign island city-state in Southeast Asia. It lies one degree north of the equator, at the southern tip of the Malay Peninsula, with Indonesia's Riau Islands to the south and Peninsular Malaysia to the north. Singapore's territory consists of one main island along with 62 other islets. Since independence, extensive land reclamation has increased its total size by 23%.
Sindicatum finances, executes and applies technologies to its projects and its team of engineers, technicians and climate change specialists working across several renewable energy markets to identify opportunities, develop solutions, implement projects and oversee their operation.
In 2018, Sindicatum issued $60 million of green bonds listed on the London Stock Exchange. [2]
Sindicatum is headquartered in Singapore and has business units and offices in New Delhi, Bangkok, Jakarta, London, Beijing, Taiyuan and the Philippines.
New Delhi is an urban district of Delhi which serves as the capital of India and seat of all three branches of the Government of India.
Bangkok is the capital and most populous city of Thailand. It is known in Thai as Krung Thep Maha Nakhon or simply Krung Thep. The city occupies 1,568.7 square kilometres (605.7 sq mi) in the Chao Phraya River delta in central Thailand, and has a population of over eight million, or 12.6 percent of the country's population. Over fourteen million people lived within the surrounding Bangkok Metropolitan Region at the 2010 census, making Bangkok the nation's primate city, significantly dwarfing Thailand's other urban centres in terms of importance.
Jakarta, officially the Special Capital Region of Jakarta, is the capital and largest city of Indonesia. Located on the northwest coast of the world's most populous island of Java, it is the centre of economy, culture and politics of Indonesia with a population of more than ten million as of 2014. The Jakarta metropolitan area has an area of 6,392 square kilometres, and is the world's second most populous urban area after Tokyo, with a population of 30 million as of 2010. Jakarta's business opportunities, as well as its potential to offer a higher standard of living, have attracted migrants from across the Indonesian archipelago, making it a melting pot of numerous cultures. Jakarta is nicknamed the Big Durian, the thorny strongly-odored fruit native to the region, as the city is seen as the Indonesian equivalent of New York.
Awards
Sindicatum won the following awards:
-International Finance Awards, Most Sustainable Energy Company - Singapore and Most Innovative Renewable Energy Company - Singapore, December 2018 [3]
-Sustainable Business Awards Singapore for Best SME also obtains a special recognition for its performance in Land Use and Biodiversity, July 2018 [4]
-Singapore Apex Corporate Sustainability Award for Sustainable Business (SME Category), November 2017 [5]
-The Green Organisation’s Green World Ambassador Award, June 2015 [6]
-Thailand Energy Awards 2014 for renewable energy projects associated with the transmission system (on-grid), December 2014 [7]
-Environmental Finance 2014 Market Awards, Best Project Developer and Best Primary Originator, December 2014 [8]
-The Green Organisation’s Green World Ambassador and Green Apple Awards for its commitment to large-scale clean energy production and GHG emission reductions, November 2014 [9]
-Singapore Sustainability Award (SME Category) by the Singapore Business Federation, October 2014 [10]
-Leadership in Sustainability award at the British Chamber of Commerce Singapore’s 15th Annual Business Awards, October 2014 [11]
-ASEAN Energy Awards 2014 under ‘On Grid – National Grid’ category of Renewable Energy Project Awards for its Thai Landfill-Gas-to-Energy (“LFGE”) projects, October 2014 [12]
-Energy Institute ‘Energy Excellence’ Award for its Duerping Project in China in 2012. Sindicatum’s Duerping Project was designed to optimise energy recovery from waste gas extracted from a coal mine that was previously vented to the atmosphere. Sindicatum competed with GlaxoSmithKline, the UK’s National Grid and others. Sindicatum Sustainable Resources Group also won the 2012 Commodity Business Award for Excellence in Renewable Energy Markets, as well as special commendations for Excellence in Emission Markets and Excellence in Policy and Advisory. Sindicatum competed with EDF, Morgan Stanley, Thomson Reuters Point Carbon and many others. [13]
-Awards won by Sindicatum in 2011 include the Excellence in Renewable Energy Markets Award and a Special Commendation in the Commodity Market Policy and Advisory category by the Commodity Business Awards, the Renewable Energy and the Carbon Reduction Green Business Awards [14] , the Carbon Finance Transaction of the Year award by Environmental Finance and the Most Progressive Corporate Leader award by the Association for Sustainable & Responsible Investment in Asia or ASrIA [15] , awarded to Assaad W. Razzouk, Group CEO.
The United Kingdom's Climate Change Programme was launched in November 2000 by the British government in response to its commitment agreed at the 1992 United Nations Conference on Environment and Development (UNCED). The 2000 programme was updated in March 2006 following a review launched in September 2004.
Sustainable energy is the practice of using energy in a way that "meets the needs of the present without compromising the ability of future generations to meet their own needs."
Renewable Energy Certificates (RECs), also known as Green tags, Renewable Energy Credits, Renewable Electricity Certificates, or Tradable Renewable Certificates (TRCs), are tradable, non-tangible energy commodities in the United States that represent proof that 1 megawatt-hour (MWh) of electricity was generated from an eligible renewable energy resource and was fed into the shared system of power lines which transport energy. Solar renewable energy certificates (SRECs) are RECs that are specifically generated by solar energy. Renewable Energy Certificates provide a mechanism for the purchase of renewable energy that is added to and pulled from the electrical grid. The updated Greenhouse Gas Protocol Scope 2 Guidance guarantees of origin, RECs and I-RECs as mainstream instruments for documenting and tracking electricity consumed from renewable sources.
A zero-energy building (ZE), also known as a zero net energy (ZNE) building, net-zero energy building (NZEB), net zero building is a building with zero net energy consumption, meaning the total amount of energy used by the building on an annual basis is equal to the amount of renewable energy created on the site, or in other definitions by renewable energy sources offsite. In some cases these buildings consequently contribute less overall greenhouse gas to the atmosphere during operations than similar non-ZNE buildings. They do at times consume non-renewable energy and produce greenhouse gases, but at other times reduce energy consumption and greenhouse gas production elsewhere by the same amount. A similar concept approved and implemented by the European Union and other agreeing countries is nearly Zero Energy Building (nZEB), with the goal of having all buildings in the region under nZEB standards by 2020.
Renewable Natural Gas (RNG), also known as Sustainable Natural Gas (SNG) or biomethane, is a biogas which has been upgraded to a quality similar to fossil natural gas and having a methane concentration of 90% or greater. A biogas is a gaseous form of methane obtained from biomass. By upgrading the quality to that of natural gas, it becomes possible to distribute the gas to customers via the existing gas grid within existing appliances. Renewable natural gas is a subset of synthetic natural gas or substitute natural gas (SNG).
The Confederation of Indian Industry (CII) is a business association in India.
The Renewable Energy and Energy Efficiency Partnership (REEEP) is a Vienna-based international organisation that advances markets for renewable energy and energy efficiency with a particular emphasis on the emerging markets and developing countries. Its primary focus is in de-risking and scaling up clean energy business models.
A low-carbon economy (LCE), low-fossil-fuel economy (LFFE), or decarbonised economy is an economy based on low carbon power sources that therefore has a minimal output of greenhouse gas (GHG) emissions into the biosphere, but specifically refers to the greenhouse gas carbon dioxide. GHG emissions due to anthropogenic (human) activity are the dominant cause of observed global warming since the mid-20th century. Continued emission of greenhouse gases may cause long-lasting changes around the world, increasing the likelihood of severe, pervasive and irreversible impacts for people and ecosystems.
Energy Saving Trust (EST) is a British organization devoted to promoting energy efficiency, energy conservation, and the sustainable use of energy, thereby reducing carbon dioxide emissions and helping to prevent man-made climate change. It was founded in the United Kingdom as a government-sponsored initiative in 1992, following the global Earth Summit.
Renewable energy in Australia includes wind power, hydroelectricity, solar PV, heat pumps, geothermal, wave and solar thermal energy.
Renewable energy commercialization involves the deployment of three generations of renewable energy technologies dating back more than 100 years. First-generation technologies, which are already mature and economically competitive, include biomass, hydroelectricity, geothermal power and heat. Second-generation technologies are market-ready and are being deployed at the present time; they include solar heating, photovoltaics, wind power, solar thermal power stations, and modern forms of bioenergy. Third-generation technologies require continued R&D efforts in order to make large contributions on a global scale and include advanced biomass gasification, hot-dry-rock geothermal power, and ocean energy. As of 2012, renewable energy accounts for about half of new nameplate electrical capacity installed and costs are continuing to fall.
ClimateCare is a profit for purpose environmental and social impact company known for its role providing carbon offset services, with a particular focus on using carbon and other results based finance to support its 'Climate+Care Projects'. It also provides businesses and governments with sustainable development programmes, environmental and social impact measurement and project development.
The Economic Research Institute for ASEAN and East Asia or ERIA is an international organization established in Jakarta, Indonesia in 2008 by a formal agreement among Leaders of 16 countries in the East Asian region to conduct research activities and make policy recommendations for further economic integration in the East Asia. ERIA works very closely with both the ASEAN Secretariat and 16 Research Institutes to undertake and disseminate policy research under the three pillars, namely “Deepening Economic Integration”, ”Narrowing Development Gaps”, and “Sustainable Development” and provide analytical policy recommendations to Leaders and Ministers at their regional meetings. ERIA provides intellectual contributions to East Asian Community building and serves as a Sherpa international organization. ERIA ranks 32nd among the world's "Top 85 International Economics Think Tanks" according to the 2016 Global Go To Think Tanks Index Report conducted by University of Pennsylvania.
Sunlabob Renewable Energy is a Lao commercial company that provides sustainable renewable solutions to areas that are off the electrical grid. It was licensed in 2001 and its headquarters and base are in Vientiane, the capital of the Democratic People's Republic of Laos. The company operates as a profitable, full-service renewable energy provider selling hardware and providing commercially viable energy services.
The ASEAN Centre for Biodiversity (ACB) is an intergovernmental regional centre of excellence that facilitates co-operation and co-ordination among the members of ASEAN, and with relevant national governments, regional and international organisations on the Conservation and Sustainable use of biological diversity, guided by fair and equitable sharing of benefits arising from the use of such biodiversity.
Singapore International Energy Week (SIEW) is an annual week-long energy conference for interested parties. The week comprises a number of exhibitions, workshops and networking sessions focused on key issues within the energy industry. The first event was held in 2008. The event is organised by Singapore's Energy Market Authority (EMA).
E+Co is a non-governmental organization based in Bloomfield, New Jersey, United States, that from its founding in 1994 to its restructuring in 2012 made over 250 clean energy investments in developing countries. Over these 18 years, E+Co maintained field offices in San Jose, Costa Rica, Bangkok, Thailand, Dar es Salaam, Tanzania and Accra, Ghana. The company's name is pronounced, "E and Co".
Assaad Wajdi Razzouk is a Lebanese-British clean energy entrepreneur, investor and art gallery owner.
Thomas H. Stoner Jr. is an energy entrepreneur and writer. He has been a promoter of sustainable development for over 30 years, having built, financed, and owned and operated renewable energy projects throughout the Americas. He has led three companies in the clean technology space, including one of the original CleanTech venture funds backed by the international development banks, including the Multilateral Investment Fund (MIF), a division of the Inter-American Development Bank. In 2011, with the aid of David Schimel of the Jet Propulsion Lab (NASA) and other leading climate figures, Stoner founded Project Butterfly, a research organization that primarily advocates for the global capital markets as being a solution to climate change. In 2013, Stoner released “Small Change, Big Gains: Reflections of an Energy Entrepreneur,” which contains research about transforming the global energy supply to be more reliant upon sustainable fuel sources by the end of the century.
San Carlos Solar Energy Inc. is a Philippine energy company based in San Carlos, Negros Occidental that generates renewable energy particularly solar energy.