Cheng Kin Ming, founder and chairman of Asia Pacific Resources Development Investment (APRD) in Hong Kong has recently made investments in solar companies worth nearly $20 billion, enabling him to be the world’s largest private investor in clean technologies.
He exposed his visualization for the Age of Green Cities at The Next Generation Solar PV Finance event in New York. He detailed the strategy to enhance transition of world into greener cities.
He identifies best clean technology companies to create entire supply chains, across multiple verticals, to produce integrated solutions on huge scale with a goal to deploy more than 50 gigawatts of installed clean energy capacity in next 10 years.
Clean energy brings a much brighter future for mankind and mother earth. Investors and entrepreneurs should be focused on this sector. By investing in companies that together bring total solutions, cities are enabled to transform the ways they grow and consume resources ensuring a high quality of life, stated Ming.
At present, long-term investments that promote solutions for low-carbon cities demand focus. In 2012, he acquired a share in Shunfeng Photovoltaic, which evolved into a multi-tasking clean energy company with services provided in fields of engineering, construction, finance, operation and maintenance, energy storage, solar products and applications.
Currently, the investment is utilized by supply chains, across multiple verticals, to produce integrated solutions that create efficiencies, control costs and advance market technologies. An investment in companies with three business diversions like clean power generation, energy storage and management and green consumer solutions is under proposed agenda.
Moreover, Cheng has invested in several clean-energy generation companies including Suntech, Sunways and Solarstrom. He has invested in TCNT with the aim of accelerating energy generation from seawater.
For further clean energy diversification purpose, APRD is investing in pioneering new technologies including Lattice Power, a Chinese producer of LED bulbs, and Green Wheel Electric Vehicles, one of the EV manufacturers in China.