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Laxman Pai, Opalesque Asia:

Renewable energy funds raised an aggregate $11bn in 2019 - while this is a slight dip of 6% compared with the previous year, it is triple the $3.5bn raised in 2010, said Preqin.

Judging by the increase in the share of clean energy funds closed, as well as the proportion of aggregate capital raised, investor appetite for opportunities in this space is growing.

Between 2018 and 2019, the number of renewable energy funds closed rose by 3% to 34, which is more than double the number in 2010.

Meanwhile, investor appetite for funds investing in conventional energy sources seems to be diminishing.

In 2019, the number of conventional energy funds closed fell to 12, a 59% drop compared with 2018. This is the lowest figure recorded since 2010 when 15 funds closed.

And aggregate capital raised declined by 32% to $9.2bn, the second-lowest figure since 2010, when conventional energy funds raised $8.0bn.

Asia: Fertile ground for renewables funds

Given Asia's rapid pace of economic growth, the region is projected to account for a significant proportion of the increase in world energy usage to 2050, according to the EIA.

Consider China, the world's largest consumer of energy. As part of its efforts to tackle climate change, China has been adapting its energy mix to incorporate more sources of renewable energy.

Indeed, China's renewables consumption rose by 29% in 2018, making up 45% of the growth in global renewables consum......................

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