What future for renewables investment?
Cutting subsidies from clean-energy projects has hurt banks and private equity investors – but there are still opportunities
Clean energy has been a boon for venture capitalists and private-equity firms with money to splash in the market in recent years—and output has followed. Last year, falling costs led to a record rise in renewable capacity globally. Investors ploughed more money into the sector than they did in fossil fuels. As BNP Paribas's Mark Muldowney told the Bloomberg New Energy Finance's (BNEF) summit in London this week, investing in renewables is "the right thing to do, but also it's a great business opportunity". But the happy overlap between the profitable and the ethical may be coming to an end. In 2008, private-equity and venture-capital investment in clean energy hit $12.4bn. It fell to a low o
Also in this section
8 May 2024
Despite Australia’s first import terminal nearing completion, the prospect of additional regasification projects is far from certain
7 May 2024
Ample stocks and a soft demand outlook will limit how much LNG Europe can import this year
3 May 2024
Upcoming elections are likely to deliver a win for the party of president Andres Lopez Obrador, but analysts differ over to what degree his successor will stick to his energy policies