Jay Mariyappan is a Partner, Global Head of Project Development and Co-Portfolio Manager at the Investment Manager. He joins the firm from PETRONAS, based in Kuala Lumpur where he was Head of New Energy and CEO of its clean energy business leading its first investments and acquisitions and Chairman of one of India’s largest distributed energy companies, Amplus Energy Solutions Pte Ltd.
Mr Mariyappan is a carbon market veteran with more than 20 years experience investing in and developing climate mitigation projects and portfolios for energy companies and financial institutions including PETRONAS, Sindicatum Sustainable Resources, Cantor Fitzgerald, Carbon Resources Management and the World Bank. At Sindicatum Sustainable Resources, where he spent a decade, and as Managing Director, Delivery he oversaw the investment and development of a large climate mitigation portfolio that reduced emissions in various sectors including Mining, Chemicals, Cement, Oil and Gas, Power, Agribusiness, Waste management including the registration, monitoring, verification and issuance of projects as well as their overall operations ensuring monetisation from both carbon and non-carbon revenues and conformance to IFC performance standards.
He was a Director of Sindicatum Carbon and Energy Management Ltd which managed a USD 230m fund called the International Sindicatum Climate Change Partnership (ISCCP) with LPs including endowment funds, funds of funds, family offices as well as Sindicatum. He structured both finance and carbon credit sales for the business, including the registration of one of the first ASEAN Green Bonds and overseeing longterm offtake agreements with Governments, Development Banks, Trading Companies and Corporates. At Cantor Fitzgerald he brokered investments into climate mitigation projects and transacted their carbon credits with a particular focus on Asia.
Prior to that he worked for IT Power Ltd in the UK, where he was one of the founders of its Carbon business, Carbon Resources Management (eventually sold to Vitol) and was involved in the development of some of the first clean development mechanism projects and methodologies. During this time he was seconded to the UK’s Climate Change Projects Office where he advised the UK Government and companies on carbon markets and the Kyoto Protocol. He worked on the development of a first strategy for the UK’s Carbon Trust in 2000 and advised the Global Environment Facility/World Bank on renewable energy and clean development mechanism projects. Jay has been a frequent speaker over the years in Carbon and Clean Energy and recently featured in the Economic Times of India, Malaysia’s Edgemarkets, Singapore’s Ecobusiness and Carbonless Leadership series, he is part of the World Economic Forum’s Task Force on Mobilizing Investment for Clean Energy in Emerging and Developing Economies and has guest lectured at Imperial College, Asia School of Business, and the National University of Singapore.
Jay has spent his whole career in clean energy and climate mitigation, living and working on 4 continents to help develop markets and implement and execute projects and portfolios both for the organisations he’s worked for and the communities he’s lived in.
He regularly mentors, teaches and advises start ups, entrepreneurs and not-for-profits on business models and strategies in the clean energy and environmental technology space.
Whilst scouting for good wind energy sites he developed a love of kite surfing and along with his passion for live music has led to numerous entrepreneurial endeavours encompassing both. His spare time nowadays is mostly spent raising his young family.