Morrison, a global infrastructure manager, has announced its expansion into Singapore with the appointment of former New Zealand Climate Change Minister, James Shaw, to spearhead its renewable energy and decarbonisation initiatives in the region. Shaw, who played a pivotal role in New Zealand’s climate policy, will focus on next-generation decarbonisation investments and nature-based solutions as part of Morrison’s strategic growth in South-East Asia.
The decision to base Shaw in Singapore aligns with Morrison’s aim to leverage the city-state’s status as a leading green finance hub. Morrison’s CEO, Paul Newfield, highlighted the firm’s commitment to renewable energy projects across Asia, noting the region’s dedication to sustainability and reducing reliance on imported fuels. “James Shaw will expand our presence into Asia as the region transitions to renewables,” Newfield stated, emphasising the growing demand for resilient energy solutions.
Shaw’s extensive experience includes crafting New Zealand’s net-zero framework and securing bipartisan support for significant climate legislation. He expressed enthusiasm about his new role, stating, “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.”
Morrison, which manages over $28b (£22b) in assets globally, sees Asia as a diverse market offering significant opportunities for investors. The firm aims to enhance its impact in the region by focusing on large-scale solar PV generation and energy storage technologies, crucial for the shift from fossil fuels. As Morrison strengthens its presence in Singapore, it seeks to play a significant role in the region’s decarbonisation efforts.
“`
