Asia Clean-Power Builders Seek Foreign Currency Loans, Bank Says

Rising interest rates in Asia are prodding renewable-energy project developers to seek more foreign currency loans, a development that may squeeze out smaller local players from financing, Rabobank Nederland NV said.

The borrowers are particularly sensitive to lending rates because of the higher upfront costs of setting up low-emissions plants relative to conventional power projects, Jotdeep Singh, Rabobank’s head of Asia renewable energy and infrastructure finance, said today in an interview.