Hanuman Wind Power, the Hong Kong‑based arm of Thailand’s Energy Absolute Pcl, cancelled its planned junk‑bond offering for a second time this week. The company pulled the deal after falling short of the investor demand it needed to price the notes. Market participants had been watching the offering as a test of financing for the renewable‑energy group, which has struggled with debt and governance concerns.

Energy Absolute’s broader corporate governance has come under scrutiny after a series of board disputes and regulatory inquiries in Thailand. Those issues have rattled investors, making them wary of extending credit to its subsidiaries. Hanuman Wind’s repeated postponement signals that the market remains unconvinced the group can secure affordable capital, potentially delaying new wind projects.

With the junk‑bond window closed, Hanuman Wind may turn to alternative financing such as bank loans or private placements, but those options typically carry higher rates. The setback adds pressure on Energy Absolute to resolve its governance disputes and restore confidence, lest the parent’s other renewable ventures face similar funding shortfalls. Analysts warn that stalled projects would dent the group’s near‑term earnings.