Cranmore Partners Limited (“Cranmore”), an advisory firm specializing on the funding of infrastructure projects in greater Middle East and Africa, has introduced its participation at the World Green Economy Organization (WGEO) private sector platform, emphasizing its dedication to support the international transition to a green economy. The Cranmore Partners Company is one of the first affiliate members of the WGEO Private Sector Platform since the global organization’s inception.
Cranmore Partners, as a member of the World Green Economy Organization, stressed the significance of enhancing the private-sector platform via the provision of pro bono monetary advisory services for difficult projects in emerging markets as part of its pledge to support the international sustainable development, particularly on renewable energy.
HE Saeed Mohammed Al Tayer, Chairman of the WGEO, said: “We work consistently to promote the key role of the private sector, specifically businesses, in advancing the international green economy. Private companies and firms also play a key role in attracting investments, particularly via the infrastructure development projects that support sustainable development, exceptionally throughout the clean energy sector. We welcome the lead step taken by Cranmore Partners to make an essential contribution to enhancing the green economy efforts. We can move ahead quicker in our mission and advantage as well from our efforts if we have the commitment to be part of a common goal, which is centred on our mission at WGEO.”
HE Al Tayer added: “We play an vital role in bringing together all the parties involved. Since its inception in 2016, the World Green Economy Organization has been working with private sector companies and institutions to pick out and improve key areas that will foster activities supporting the green economy, facilitate public-private partnerships, promote global cooperation and share excellent global practices.”
Yusuf Macun, Managing Partner, Cranmore Partners, commented: “Cranmore Partners leverages its knowledge and experiences in promoting efforts toward a green economy by offering advisory services in renewable strength projects which comprise in excess of half of our engagement in infrastructure development throughout regions. We have labored with essential projects in wind power such as the GCC’s first wind power independent power producer (IPP) project, while also having recommended different projects in solar, hydropower, waste-to-energy and other environmental infrastructures such as wastewater and desalination.”
Yusuf added: “By being part of the WGEO Private Sector Platform, we are confident that together, we can facilitate bringing the bankable projects to the right markets and catalyse the interest of investors.”
Since inception in 2016, spearheaded by the UAE in partnership with the United Nations Development Programme, the WGEO has been working with businesses and other private agencies to catalyze key areas that would drive activities for a green economy such as unlocking green capital, harnessing frontier technologies, facilitating public-private partnerships, and promoting international cooperation and knowledge sharing of innovative and scalable projects.