Feature: From black gold to green power
Many of the world’s largest oil companies are once again investing in renewable energy assets.
Feature: Rates on the rise
With interest rates on the turn, the time of cheap capital may be coming to an end for renewables developers.
Key country developments
A summary of the latest country-specific, transaction and investment highlights.
LinkedInBen Warren, RECAI Chief Editor
Rising interest rates and the end of quantitative easing are set to raise the cost and reduce the flow of the cheap capital that has underwritten the dramatic roll-out of renewable energy capacity over recent years.
At the same time, government subsidies for clean power are being reduced or eliminated around the world. It also finds that the plunging cost of battery technology is increasingly enabling the cost-effective pairing of storage with wind and solar, providing clean dispatchable power, while standalone batteries are proving able to compete on price with open cycle gas plants in providing flexible demand response services.
Wherever we look, we see growing evidence of the maturity of the renewable energy sector. A few years ago, cuts to subsidies, import tariffs and rising interest rates would blow down the industry. Today, they create headwinds, but no hurricanes.
From black gold to green power
Many of the world’s largest oil companies are, once again, investing in renewable energy assets. This time, they appear to be here to stay. Over recent months, several of the world’s largest oil companies have been busy acquiring a variety of companies and projects that have nothing to do with extracting, refining or distributing hydrocarbons – but which are set to thrive in the low-carbon transition.
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Insight: Rates on the rise
For renewable energy developers seeking financing, it has been a time of plenty: with considerable demand among investors for renewable energy assets, there has been plenty of capital available — and often at attractive terms. What does this mean for the sector?
RECAI Index
China has remained at the top of the index, with the United States and Germany overtaking India and completing the top three. Ireland and Taiwan are the biggest movers seeing a surge in renewables activity. View the latest scores.
Key country developments
A summary of the latest country-specific, transaction and investment highlights.
Market Spotlight: Australia
Australia is on track to meet its 2020 renewables targets, but its renewables roll-out puts storage in the spotlight. How can a country blessed with an abundance of energy resources have some of the highest power prices in the world and still suffer from periodic blackouts?
RECAI country features
A more in-depth look at the latest developments in Egypt and Poland.
Poland: On course to miss its EU renewables target of 15% by 2020, but hopes are high for a revival.
Egypt: The first round of Egypt’s Feed-in-Tariff program had an unsatisfactory outcome – but the second has gone better.
Contact the RECAI team
Ben Warren
RECAI Chief Editor
Global Power & Utilities Corporate Finance Leader
UK&I Energy & Infrastructure Corporate Finance Leader
+44 20 7981 6024
Phil Dominy
RECAI Chief Advisor
Assistant Director, Energy & Infrastructure Corporate Finance
+44 13 9228 4499
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