Copenhagen Infrastructure Partners enters long-term partnership in India to develop 1.8GW of renewable energy projects

Copenhagen Infrastructure Partners (CIP), on behalf of its New Markets Fund I (CI NMF I), today announced a partnership with Indian developer Viviid Renewables to develop more than 1.8GW of greenfield renewable energy projects in India.

COPENHAGEN, Denmark, March 03, 2023 (GLOBE NEWSWIRE) — Copenhagen Infrastructure Partners has entered into a framework agreement through its Copenhagen Infrastructure New Markets Fund I (CI NMF I) with Viviid Renewables Private Limited, an Indian developer and BOP contractor, to develop more than 1.8GW of renewable energy projects in India with a primary focus on onshore wind projects.

The partnership will initially focus on the development of two onshore wind projects with a combined capacity exceeding 500MW, with additional projects expected to be developed and constructed through successor CI NMF funds. Viviid will contribute projects from its extensive development pipeline to the partnership, as well as deliver key development activities up to Final Investment Decision as well as providing design, engineering, procurement, and construction services. CIP will lead offtake sourcing, general procurement activities and the financing process while leveraging Viviid’s local experience.

Peter Sjøntoft, Associate Partner in CIP, commented: “This is the second CI NMF I partnership in the Indian renewable energy market, reflecting India’s continuing importance as a key focus area for the fund. With this partnership we are significantly strengthening our foothold in India and are delighted to partner with Viviid and look forward to working alongside their highly experienced team, combining our joint expertise to assist the green transition in the country.”

Siddharth Mehra, founder of Viviid, commented: “We are very excited to be partnering with CIP to accelerate delivery of our project pipeline over the coming years. Through this long-term partnership, we aim to further strengthen our contribution to India’s ambitious target of installing 500GW of generation capacity from renewable sources by 2030.”

About Copenhagen Infrastructure Partners
Founded in 2012, Copenhagen Infrastructure Partners P/S (CIP) today is the world’s largest dedicated fund manager within greenfield renewable energy investments and a global leader in offshore wind. The funds managed by CIP focuses on investments in offshore and onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, reserve capacity, storage, advanced bioenergy, and Power-to-X.

CIP manages ten funds and has to date (March 2023) raised approximately EUR 19 billion for investments in energy and associated infrastructure from more than 140 international institutional investors. CIP has approximately 400 employees and 11 offices around the world. For more information, visit www.cip.com

About Viviid Renewables
Viviid Renewables Private Limited, is one of the leading renewable energy developers in India with an established track record and with many large projects under construction with leading IPPs. Viviid provides end-to-end development and BOP services for wind and solar projects across India. For more information, visit http://www.viviidrenewables.com/

For further information, please contact:
Copenhagen Infrastructure Partners 
Simon Mehl Augustesen, Chief Communication Officer
Phone: +45 3052 6721
Email: siau@cip.dk 

Thomas Kønig, Partner – Investor Relations
Phone: +45 7070 5151
Email: tkon@cip.dk 

GlobeNewswire Distribution ID 1000795981

Civil society groups launch Global Charter for Fisheries Transparency at 2023 Our Ocean conference

The launch of the Charter by the Coalition for Fisheries Transparency lays out a new roadmap to advance marine governance around the world.

PANAMA CITY, Panama, March 02, 2023 (GLOBE NEWSWIRE) — The Coalition for Fisheries Transparency – a new international community of civil society organizations – today launched the Global Charter for Fisheries Transparency. The Charter pinpoints the most essential policy priorities needed to combat fisheries mismanagement, illegal fishing, and human rights abuses at sea. Experts, ministers, and delegates from international organizations and companies around the world discussed the benefits of the Global Charter for Fisheries Transparency at Our Ocean conference in Panama this Thursday and Friday – an annual meeting for countries, civil society and industry to announce significant actions to safeguard the world’s oceans.

“Ghana recognizes the critical role that transparency plays in the fight against illegal fishing to protect livelihoods and provide food security to our coastal communities,” said Hon. Mavis Hawa Koomson, Ghana’s Minister of Fisheries and Aquaculture Development. “With the significant progress Ghana has made in the last year on ending harmful fishing practices that have encouraged illegal fishing in our waters, we are now working towards making greater efforts towards sustaining fisheries transparency in Ghana.”

Prof. Maxine Burkett, Deputy Assistant Secretary for Oceans, Fisheries and Polar Affairs at the U.S. Department of State, highlighted how the U.S. plays a leading role in increasing transparency in global fisheries.

“Last year, President Biden released a National Security Memorandum that recognizes the importance of transparency for combating illegal, unreported, and unregulated (IUU) fishing and associated forced labor abuses,” she said. “By enhancing productive information-sharing, the Global Charter for Fisheries Transparency will serve as an important complement to the U.S. government’s activities to end IUU fishing through improving fisheries and ocean governance, increasing enforcement efforts, and raising ambition to end IUU fishing globally.

Additionally, global partnership initiatives, like the Fisheries Transparency Initiative (FiTI), emphasized the importance of equal, multi-stakeholder collaboration to increase transparency in coastal countries for achieving sustainably managed marine fisheries.

“Given the complexity of fisheries governance, multiple transparency efforts are needed to address the various challenges of unsustainable marine fisheries, such as overfishing, IUU fishing, unequal access to fisheries resources, and unfair benefit sharing,” said Dr. Valeria Merino, Chair of the International Board of the Fisheries Transparency Initiative (FiTI). “The 10 principles of the Global Charter for Fisheries Transparency recognize the need for a comprehensive and coordinated approach to fisheries transparency, and has the potential to support existing global endeavors, such as the FiTI, through a much-needed mobilization of civil society organizations to ensure that marine fishing activities are legal, ethical, and sustainable.”

Finally, the role of the civil society to maximize collective impact to improve transparency has been underlined by Mr. Wakao Hanaoka, Chief Executive Officer of Seafood Legacy (Japan), and a steering committee member of the Coalition for Fisheries Transparency. “Our membership in the Coalition for Fisheries Transparency represents a voice of an international community that allows us to strengthen and amplify our efforts amongst the seafood industry and government towards achieving our goal of making Japan a global leader in environmental sustainability and social responsibility,” he explained.

The Global Charter for Fisheries Transparency lays out a new roadmap to advance marine governance internationally, by providing a set of advocacy principles that are both effective and achievable by all stakeholders involved in fisheries governance and management.

“Continuous advocacy efforts by civil society organizations are critical to improving fisheries governance internationally as well as protecting the ocean and the people who depend on its resources,” commented Maisie Pigeon, Director of the Coalition for Fisheries Transparency. “The Coalition’s mission to deliver an urgent shift towards greater transparency in fisheries will be achieved through supporting our members in developing joint strategies, harmonizing and strengthening efforts, and finally – closing transparency policy gaps in fisheries governance,” she concluded.

Through civil society organizations from around the world, the Coalition for Fisheries Transparency calls on governments to apply the Charter’s principles in legislation and practice.

Press contact: Agata Mrowiec agata@fisheriestransparency.net +34 608 517 552

GlobeNewswire Distribution ID 8780726

Constellation Brands to Report Full Fiscal Year and Fourth Quarter 2023 Financial Results; Host Conference Call April 6, 2023

VICTOR, N.Y., March 02, 2023 (GLOBE NEWSWIRE) — Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, announced today it will report financial results for its full fiscal year and fourth quarter ended February 28, 2023, on Thursday, April 6, 2023, before the open of the U.S. markets. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer, Bill Newlands, and Executive Vice President and Chief Financial Officer, Garth Hankinson, at 10:30 a.m. EDT, April 6, 2023.

The conference call can be accessed by dialing +1-877-407-9121 and entering conference identification number 13736556, beginning at 10:20 a.m. EDT. A live, listen-only webcast of the conference call will be available on the company’s investor relations website at ir.cbrands.com under the News & Events section. When the call begins, financial information discussed on the conference call, and a reconciliation of reported GAAP financial measures with comparable or non-GAAP financial measures, will also be available on the company’s investor relations website under the Financial History section. For anyone unable to participate in the conference call, a replay will be available on the company’s investor relations website.

ABOUT CONSTELLATION BRANDS
At Constellation Brands (NYSE: STZ), our mission is to build brands that people love because we believe sharing a toast, unwinding after a day, celebrating milestones, and helping people connect, are Worth Reaching For. It’s worth our dedication, hard work, and the bold calculated risks we take to deliver more for our consumers, trade partners, shareholders, and communities in which we live and work. It’s what has made us one of the fastest-growing large CPG companies in the U.S. at retail, and it drives our pursuit to deliver what’s next.

Today, we are a leading international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Every day, people reach for our high-end, iconic imported beer brands such as Corona Extra, Corona Light, Corona Premier, Modelo Especial, Modelo Negra, and Pacifico, our fine wine and craft spirits brands, including The Prisoner Wine Company, Robert Mondavi Winery, Casa Noble Tequila, and High West Whiskey, and our premium wine brands such as Meiomi, and Kim Crawford.

But we won’t stop here. Our visionary leadership team and passionate employees from barrel room to boardroom are reaching for the next level, to explore the boundaries of the beverage alcohol industry and beyond. Join us in discovering what’s Worth Reaching For.

To learn more, visit www.cbrands.com and follow us on Twitter, Instagram, and LinkedIn.

MEDIA CONTACTS INVESTOR RELATIONS CONTACTS
Mike McGrew 773-251-4934 / michael.mcgrew@cbrands.com
Amy Martin 585-678-7141 / amy.martin@cbrands.com
Joseph Suarez 773-551-4397 / joseph.suarez@cbrands.com
Snehal Shah 847-385-4940 / snehal.shah@cbrands.com
David Paccapaniccia 585-282-7227 / david.paccapaniccia@cbrands.com

A downloadable PDF copy of this news release can be found here. http://ml.globenewswire.com/Resource/Download/aae87911-3ca8-4427-a51a-37de20cf9b57

GlobeNewswire Distribution ID 8780615

Political prospects may get harder to read

Prawit Wongsuwan, Jatuporn Prompan and the unbendable Move Forward Party have all expressed sound reasons lately when it comes to the future course of Thai politics. The greatest influencer, though, is not what they think, but how many seats each of Thailand’s political parties gets in the next general election.

In other words, the trio have made great points, but the reality of the future could be dictated more by expediency and lesser by ideology. Move Forward resents that potential reality, and Jatuporn also seemingly so. Prawit, however, is presenting himself as more flexible, but he is still apparently relying on the provisional powers of the Senate.

The three are part of a political landscape that looks deceptively simple, with ideological divide carving the country in half in what appears to be irreconcilable polarization, a much-deplored situation but it appears to be the norm all the same. It is increasingly apparent that the upcoming election will not be that straightforward.

Move Forward is the easiest to analyse. It will not form a government with either the Palang Pracharath Party or Ruam Thai Sang Chart Party, full stop. The only chance Move Forward can be in the government is for the current opposition bloc, of which it is a part, to win a massive combined number of House of Representatives seats, enough to keep the Senate at bay and take away any Pheu Thai excuse to rely on Palang Pracharath.

Prawit’s situation is downright complicated. He tried to look adaptable and his party’s election campaign posters talk about burying the harmful political divisions for good, but truth is that a union with Pheu Thai is not his best-case scenario. If he could form a government without Pheu Thai, he would choose that option in a heartbeat, which means national divide would never be buried if election numbers are in his favour.

But he has opened the door, and in the process becomes the main reason why the future of Thai politics is harder to read at the moment. His online post sounded like that of a man who is wearing his heart on his sleeve, and it must have struck a chord with many. He said he understood the wishes of Thai “elites” who want to see better and cleaner politics and whose criticism has been directed at orthodox politicians in the system, but he also stressed that the politicians are very important, too, and Thailand’s political system must accommodate everything about them.

His statement sounds like one of the best-ever neutral analyses of Thailand’s political conditions. “It’s very unfortunate that those people (the elites) haven’t had a chance to serve the country whose system prescribes administrative quotas according to numbers of elected representatives in Parliament,” he said. “The only way the elites could exercise their ability is through a government with special powers, albeit following a coup only. I have served in the military so I understand those wishes very well.

“But after I have mingled with politicians and led a political party myself, I have earned another experience. (And that experience) led me to understand the need to push the country forward with democracy.”

He stressed that “no matter what politicians are like”, the democratic system called for the stakeholders, or the people, to select those among them (the orthodox politicians) to rule the country. With the two “experiences” in him, Prawit expressed confidence that he could lead reunification of Thailand.

Whether or not that was sincere, Prawit has thrown down the gauntlet and Prayut must have seen it. Prawit is practically saying he is more accommodating than Prayut, who is a flag-bearer of another political party. The PalangPracharath leader is virtually telling Pheu Thai and its fan base: “Compare me with Prayut and judge for yourself.”

But Prawit is a man involved with two women, one apparently more than the other. Prayut is an existing ally, and no matter how far apart they are drifting away from each other, it will be extremely hard for Prawit to choose Pheu Thaiover Prayut to form a government with if all things are equal. While Prawitvows to eradicate the divide, it’s the divide that may dictate his future moves.

Pheu Thai is the same. If numbers allow it to choose between Move Forward and Prawit, ideology’s force will be too strong to resist. But there can be circumstances where Pheu Thai could point to the Senate and say “Look at our obstacle if we don’t pick Prawit.”

So, when Pheu Thai is concerned, Prawit is an option. This explains why the opposition party cannot, in Jatuporn’s wording, “say it in the grass-root language whether you will join hands with Prawit or not.” Jatuporn understands the complexities, but he is wanting Pheu Thai to admit them out loud.

The activist himself is difficult to read, subject to all kinds of rumours. Some say he’s a mercenary now on a mission to plant serious doubts on Pheu Thai’s ideological stand and thus prevent its landslide. If I’m getting paid, the man asks, why have I been to prison for countless times and rarely won leniency?

He is another version of Srisuwan Janya, taking everyone to task no matter which side they are on. In 2020, Jatuporn criticised the “Orange Revolution”, or, to be more specific, its young participants, saying that the “fight for democracy” could end up with the activists becoming their own worst enemies. Yet he later led a separate street protest against Prime Minister Prayut Chan-o-cha. To add to the puzzles, Jatuporn harshly attacked the pro-red-shirt United States over Vietnam, Taiwan and forceful diplomacy that he said dragged allies including Thailand into confronting nations that Washington did not like.

Jatuporn is all political contradictions rolled into one man. But he insists that his ideology is clearer than that of his former boss Thaksin Shinawatra. He statesthat his current campaign against Pheu Thai was born out of resentment against Thaksin’s “selfishness” that has allegedly devalued loyalty, faked ideology and compromised it. It would be a crying shame, Jatuporn stresses, if Pheu Thai won the election but opted to back another party’s candidate as the prime minister.

To quite a few, a Pheu Thai–Palang Pracharath marriage may not be too bad. The idea is growing on an increasing number of people, particularly those tired of endless cutthroat political fights with both sides having strong arguments and taking turn to run the country. Jatuporn and Move Forward obviously disagreewith the Pheu Thai-Palang Pracharath scenario, but even they certainly believe it is possible.

Political divide prevents cooperation, rules out participation of capable persons from the other side, promotes cronyism, spawns social disunity, encourages corruption and cover-up, creates ridiculous moral standards, stalls national progress and thus weakens a country in the process.

The next election and its aftermath will answer two main questions: Will it continue? If it should not, who is the person who can realistically change the course?

Source: Thai Public Broadcasting Service (Thai PBS)

Thailand’s transport minister Saksayam ordered to cease performing his duty

Transport Minister Saksayam Chidchob has been ordered by the Constitutional Court to cease performing his duty, effective today (Friday), after the court accepted a complaint from 54 opposition MPs, alleging that the minister is the owner of Buri Charoen Construction Limited Partnership.

According to Section 187 of the Constitution, a minister cannot hold a stake in or be involved in the management of a business. Violation of the provision will result to the loss of the ministerial post, as stipulated in Section 170 of the charter.

Saksayam has the right to defend himself before the court within 15 days of receiving the court order to cease work.

After being informed of the court’s order, Saksayam told the media that Deputy Prime Minister Anutin Charnvirakul, also leader of the Bhumjaithai Party, will take his place at the ministry, pending the court’s decision on his ministerial status, adding that he will defend himself as scheduled.

Saksayam also cancelled his scheduled inspection trips to Nakhon Nayok and Prachin Buri provinces this afternoon.

Source: Thai Public Broadcasting Service (Thai PBS)

Two Thai hunger strikers return to hospital

Hunger strikers Tantawan Tuatulanon and Orawan Phuphongwere rushed from the Supreme Court back to Thammasat University Hospital this evening (Friday), after their conditions deteriorated to a critical level, according to Krisadang Nutcharat, a lawyer at Thai Lawyers for Human Rights.

He said that the two young protesters initially refused to be taken back to the hospital, but relented.

The two had been protesting in front of the Supreme Court since February 24th, seeking the release on bail of otherTalugas protesters currently being held on remand.

The court has, however, rejected their demand, claiming that the defendants are facing serious charges for possessing cherry bombs and that they may attempt to escape if they were to be granted bail.

Source: Thai Public Broadcasting Service (Thai PBS)

Tycoon Srettha says he only wants the PM post

Real estate tycoon Srettha Thavisin made clear today (Friday) that he will not accept any ministerial portfolio other than that of prime minister if the Pheu Thai Party becomes the core party in a new government coalition after the election.

Srettha, who was recently appointed chief advisor to Paetongtarn Shinawatra, head of the “Pheu Thai family”, explained that, as a Thai citizen, he believes he can be useful to Thailand and the prime minister is powerful and important enough to get the jobs done.

Asked by a reporter whether his statement means that he will not accept any political post short of the top job, he responded “No, I will not accept.”

He did say, however, that he can remain the advisor to Paetongtarn without a political appointment, because he is a member of the Pheu Thai Party.

The real estate tycoon turned politician maintains that he does not intend to put pressure on the party to give him the prime minister’s post. “We have known one another for a long time and I know myself. It is not my habit (to put pressure on other people). The senior people in the party know me,” he said.

For the time being, he said that his role is as the chief advisor to Paetongtarn, adding that the next step is for the party’s executive committee to nominate three candidates for the prime minister’s post.

The party appointed Dr. Prommin Lertsuridej, a former key member of the defunct Thai Rak Thai Party, to head the party’s economic team today, which includes Pansak Vinyaratn, former advisor to prime ministers Chatichai Choonhavan and Thaksin Shinawatra, former deputy prime minister Kittiratt Na-Ranong, economist Supavud Saicheua, former Thai trade representative Panpree Phahithanukorn and Srettha.

Source: Thai Public Broadcasting Service (Thai PBS)

Charter Court rules non-Thais be excluded in calculation of constituency MPs

The Election Commission is redrawing election constituency maps in eight provinces after the Constitutional Court ruled that non-Thai citizens must be excluded from the Thai population when calculating the number of constituency MPs for each respective province.

The Court resolved unanimously today (Friday) that the word “citizens” does not include people who do not have Thai nationality and, therefore, they should not be included in the Thai population, as reported in the census of the Central Domicile Registration Office, in the calculation of the number of constituency MP for each province.

The court’s ruling is not retroactive, which means that the calculation of the number of constituency MPs in previous elections will not be affected.

The census, dated December 31st last year, was used as the basis for the calculation of constituency MPs for each province. There are 400 constituency MPs for the whole country, plus 100 party-list MPs in the House of Representatives.

The Election Commission is expected to complete the redrawing of the election map and to publish it in the Royal Gazette in the next 1-2 days, because only eight provinces are affected, according to a commission source.

Source: Thai Public Broadcasting Service (Thai PBS)