Henderson Land Boss's Family Office Accelerates $1B Central Asia Green Energy Push

Peter Lee Ka-kit, the co-chairman and managing director of Henderson Land Development, is betting more than a billion dollars on Central Asia's green energy future. His family office, Full Vision Capital, has begun moving with unusual speed through Kazakhstan, where the combination of vast agricultural land and untapped natural resources has created what Lee's team sees as an exceptional opportunity.

Alan Chan Ying-lung, who manages the family office, laid out the scope of the ambition in Bali last week at the inaugural Nusa Dua Forum, a gathering organized by the South China Morning Post and Indonesia's sovereign wealth fund. The firm is already running trial operations in Astana, Kazakhstan's capital, converting agricultural waste into biofuel for aircraft. Parallel to those experiments, Full Vision is developing smart energy storage systems—the kind of infrastructure that will matter as Central Asia moves toward renewable power. The total commitment could exceed one billion dollars, though the final agreements are still being negotiated.

What strikes observers is the velocity. Chan said the pace of progress has surprised even him. The family office only began serious discussions a few months ago, yet the momentum has become difficult to contain. That acceleration traces back to early June, when Peter Lee joined a government delegation visiting Uzbekistan. Since then, Full Vision's senior management has made multiple trips to Astana, each one moving the conversations forward.

The choice of Kazakhstan is strategic. The country sits at the intersection of agricultural abundance and energy demand. Using crop residue and other farm byproducts as feedstock for sustainable aviation fuel solves two problems at once: it creates a renewable fuel source for airlines desperate to reduce their carbon footprint, and it gives Kazakh farmers a new revenue stream from material they would otherwise burn or discard. The smart energy storage component addresses a different bottleneck—the intermittency problem that has long plagued renewable energy systems. When the sun isn't shining or the wind isn't blowing, storage keeps the grid stable.

For Hong Kong's wealth managers, this represents a significant pivot. Central Asia has historically been peripheral to the financial concerns of the city's elite, overshadowed by Southeast Asia, China, and the developed markets. But the combination of government support, resource availability, and the global push toward decarbonization has made the region suddenly relevant. Lee's willingness to commit this scale of capital—and to do so through a family office rather than through Henderson Land's corporate structure—signals confidence that the opportunity is real and durable.

The trial phase is crucial. If the biofuel production works at scale, and if the energy storage systems perform as designed, Full Vision will have proven a model that other investors may want to replicate. The agreements still need to be finalized, and a billion-dollar commitment always carries risk. But the speed at which negotiations have progressed suggests that both sides see mutual benefit. For Kazakhstan, it means foreign investment in green technology and job creation. For Full Vision, it means early positioning in a market that could reshape Central Asian energy infrastructure over the next decade.