Equis Group has promoted Tzer-Han Lim to partner, the Singapore-based private equity firm said on Monday (3 December).
Since joining Equis in 2012 as a Vice-President, Lim has been involved in the firm’s investments in the solar, wind, bioenergy and telecommunications sectors.
In 2014 he transferred to the Japan office to focus on renewable energy investments in North Asia.
Lim is responsible for evaluating new investment opportunities, leading deal execution, and managing existing assets.
Biomass project developer Equis Bioenergy is the fund manager’s platform in Japan, following the sale of Equis Energy’s Japanese wind and solar assets to GIP in January 2018.
The private equity firm is understood to be in process of launching its next fund. A spokesperson said that “several sectors in energy, power and infrastructure remain a target for Equis” in Japan.
Equis Bioenergy is headquartered in Tokyo and aims to develop a total of 500MW of projects in Japan.
It plans to start construction of a 50MW biomass power plant in Toyama in Q2 2019 to deliver power in Q3 2021. The developer expects to issue a notice to proceed on a 75MW biomass project in Chiba Prefecture in Q1 2019.
It has a pipeline of projects in Japan, South Korea and Taiwan, Equis said.