Asian govts keen on renewables despite low oil prices: Equis

Singapore

DESPITE the low oil prices, Asian governments are still keen on harnessing renewable energy for the energy security and predictability in electricity prices it provides, Asia's largest investor and developer of renewable energy has said.

Equis, which has US$2.7 billion of funds under management, is opening a solar plant in the Philippines - South-east Asia's largest - on Thursday.

In an interview, its chief executive David Russell said the history of oil prices will cast a huge shadow over how the commodity is viewed going forward. The volatile nature of oil prices makes it diff…