What Sindicatum Sustainable Resources does

Sindactum Sustainable Resources (founded 2005, headquartered in Singapore) is a privately held investment fund and clean-energy project developer, owner and operator focused on South and Southeast Asian markets that are perennially short of electricity. The company originates, finances, builds and operates renewable energy assets across multiple technologies — landfill-gas-to-energy, coal mine methane (including ventilation air methane abatement), bio-waste-to-energy, solar, wind and biomass — and historically originated more than 50 million carbon offsets under the United Nations Clean Development Mechanism. It has generated over 2,000 GWh of clean electricity, with an operational footprint of 208 MW and an additional ~400 MW under development as of 2014, distributed across business units in Bangkok, Beijing, Jakarta, Manila, New Delhi, Singapore, Taiyuan (China) and Washington D.C.

The business model blends direct project development and ownership (selling renewable electricity and environmental commodities such as carbon credits) with project financing structured through development finance institutions (FMO, Proparco, GuarantCo, DBP, TMB Bank) and local-currency green bonds. Capital has been raised from Dubai World (USD 150m in 2007), Gulf One Investment Bank (USD 40m in 2008), FMO and Proparco (USD 30m mezzanine each in 2013), and a USD 60m GuarantCo-guaranteed green bond program in 2018, alongside a JV with Rana Sugar Limited (49% stake in 69 MW of Indian co-generation assets) and partnerships with Total Eren (Philippines solar) and Mabalacat Solar Philippines. The company also operates Reneum, a blockchain platform launched in 2018 with the stated aim of mobilizing $100 billion for renewable energy.

In May 2021, a KKR-backed renewables platform acquired Sindactum's entire solar portfolio, a material portfolio exit. The parent entity operates through wholly-owned affiliates including Sindactum Renewable Energy Company Pte. Ltd. (SREC), The Reneum Institute, and Sindactum Sustainable Resources (Thailand) Co., Ltd. The company is rated AA- by Fitch and A1 by Moody's on its bond programs, is a former UN Global Compact participant (2014-2020), and is led by Group CEO Assaad W. Razzouk with former US Senate Majority Leader Tom Daschle serving as Non-Executive Director.

Name

Sindicatum Sustainable Resources

Legal name

Sindicatum Sustainable Resources Pte Limited

Website

https://sindicatum.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

251–500 employees

Short description

Sindactum Sustainable Resources is a Singapore-based clean-energy project developer and investor that finances, builds, and operates renewable energy assets — including landfill gas, coal mine methane, biomass, solar and wind projects — across South and Southeast Asia, primarily through wholly-owned affiliates and development-finance-backed green bonds.

Ownership category

akta.pro rank

Product category

Renewable Energy Project Development & Investment

NAICS

Biomass Electric Power Generation (221117), Waste Management and Remediation Services (562)

SIC

Cogeneration Services & Small Power Producers (4991), Refuse Systems (4953)

akta.pro primary industry

Renewable Energy Infrastructure (FSAAAKAG)

akta.pro secondary industry

Hazardous Materials Handling & Compliance (EHS, Transport, Permitting, Reporting) (EUAMALAI)

Keywords

• Renewable energy investments
• Clean energy project development
• Green bond financing
• Carbon credit origination
• Sustainable infrastructure

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Personnel, Operations, Technology or R&D, Supply Chain

Revenue model

1. Clean Energy Project Development and Ownership: Sindicatum develops, owns and operates clean energy projects in South and South East Asia. Revenue is generated through the sale of electricity generated from renewable sources including solar, wind, biogas, biomass, and landfill gas to energy projects.
2. Carbon Credit Trading: Originally focused on carbon offsets and emission reductions under the Clean Development Mechanism, generating over 50 million carbon offsets. Now focuses on renewable energy investments while maintaining carbon market activities.
3. Green Bond Issuances: Listed INR and PHP GuarantCo guaranteed Green Bonds to finance renewable energy projects in India and the Philippines. USD 60 million green bond program with GuarantCo guarantee supporting solar and wind projects.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Sindicatum Sustainable Resources is an investor, developer, owner, and operator of clean energy projects in South and South East Asia. The company finances, builds and runs renewable energy assets including landfill gas-to-energy, coal mine methane, solar, wind, biogas, and biomass projects. Historically it also originated over 50 million carbon offsets under the UN Clean Development Mechanism and continues to issue green bonds to fund renewable infrastructure.

Product overview

Sindicatum Sustainable Resources is a clean energy project developer, owner and operator that invests in renewable energy projects primarily in South and South East Asia through its affiliates Sind icatum Renewable Energy Pte Ltd (SREC) and The Reneum Institute. The company's portfolio spans multiple clean energy project types including coal mine methane projects, landfill gas-to-energy (LFGE) projects, bio-waste-to-energy projects, and solar power projects. The company has generated over 2,000 GWh of clean electricity. Sind icatum also offers green bonds as a financing mechanism for renewable energy projects in India and the Philippines. Historically, the company was active in carbon offsets and emission reductions under the UN's Clean Development Mechanism, having generated over 50 million carbon offsets. The company operates across eight business locations in Bangkok, Beijing, Jakarta, Manila, New Delhi, Singapore, Taiyuan (China), and Washington D.C.

Differentiator

Problem solved

Functional benefit

Brands

• Sindicatum Renewable Energy: Company that develops, owns and operates clean energy projects in South and South East Asia
• The Reneum Institute
• Reneum

Products and services

• Landfill Gas-to-Energy (LFGE) Projects
• Coal Mine Methane Projects
• Solar Power Projects
• Bio-waste-to-Energy Projects
• Carbon Credit Commodities
• Green Bonds
• Reneum Platform

Quantifiable outcome

• Over 2,000 GWh clean electricity generated
• +2 more outcomes

Named customers4 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Total ErencoreStrategic or Co-development PartnerTotal Eren entered Philippines renewable energy market through two solar projects with Mabalacat Solar Philippines and Sindactum Renewable Energy in November 2020.
• European Union Chamber of Commerce in China (EUCCC)minorStrategic or Co-development PartnerListed as a partner organization on Sindactum's partnerships page.
• Global Methane InitiativeminorStrategic or Co-development PartnerListed as a partner organization focusing on methane reduction initiatives.
• World Resources InstituteminorStrategic or Co-development PartnerListed as a partner organization on sustainability and climate initiatives.
• GHG2EminorStrategic or Co-development PartnerListed as a partner organization on greenhouse gas initiatives.
• Eco-BusinessminorGTM or Marketing PartnerListed as a partner organization - sustainability-focused media platform.
• GHDminorImplementation/ SI/ Consulting PartnerEngineering and environmental consulting partner.
• World Food ProgramminorStrategic or Co-development PartnerReceived USD 100,000 donation from Sindactum to support food-for-work projects in East Indonesia.

Scale indicators8 records

Recent moves10 records

Expansion highlights5 records

Direct peers

• Greenko Group: India-headquartered renewable energy independent power producer operating across solar, wind, biomass, and pumped storage. Directly comparable to Sindicatum as an Asian emerging-markets renewable energy IPP with diversified technology exposure.
• B.Grimm Power: Thailand-based power developer and operator with growing renewable energy portfolio (solar, wind, hydropower) alongside gas-fired generation. Comparable to Sindicatum as a Southeast Asian renewables IPP with established regional presence.
• BCPG (Bangchak Corporation Public Company): Thailand-listed renewable energy IPP focused on solar, wind, and run-of-river hydropower across Thailand and other Asian markets. Closely comparable to Sindicatum's Thai renewable energy operations and joint venture approach.
• ACEN Corporation: Philippines-listed renewable energy platform of Ayala Group with operations across solar, wind, and geothermal in the Philippines and broader ASEAN. Comparable as a Southeast Asian renewables developer with similar geographic focus and IPP model.
• Energy Development Corporation (EDC): Philippines-based renewable energy company primarily focused on geothermal, with wind and solar assets. Comparable as a Southeast Asian renewables IPP with established Philippines operating history.
• ReNew Power: India-headquartered renewable energy IPP operating utility-scale solar and wind projects. Comparable to Sindicatum as an Indian emerging-market renewable energy developer with project development and ownership model.
• Azure Power Global: India-based solar IPP focused on utility-scale and rooftop solar projects. Comparable as an emerging-market renewable energy developer with similar project development, financing, and PPA-driven model.

Broad incumbents

• Adani Green Energy: One of India's largest renewable energy developers, with a multi-gigawatt portfolio across solar, wind, and hybrid projects. Comparable as a broad incumbent Indian renewables platform operating at significantly larger scale than Sindicatum.

Emerging players

• Scatec ASA: Norwegian renewable energy developer focused on solar, wind, and storage in emerging markets including parts of Asia. Comparable as an emerging-market focused renewables IPP with similar project development model.
• ib vogt GmbH: German-headquartered solar IPP with global project pipeline including emerging markets. Comparable as an emerging-market focused solar developer, though narrower technology scope than Sindicatum.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/sindicatum
• Facebookfacebook.com/Sindicatum
• LinkedInlinkedin.com/company/sindicatum

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sindicatum Sustainable Resources