Big Money Bullish On New Energy

Confidence Among Renewable Energy Investors at an All-Time High: Report

Emily Holbrook, June 15, 2021 (Energy+Environmental Leader)

“…[C]onfidence among both renewable energy investors and developers is at an all-time high…[according to Expectations for Renewable Energy Finance in 2021-2024, a] a new survey of large financial institutions and renewable energy development companies on their confidence in the sector in the aftermath of the COVID-19 pandemic…[The American Council on Renewable Energy (ACORE) has raised $167 billion toward its goal of seeing $1 trillion invested by 2030] despite a 12% decline in renewable energy investment in 2020…

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…[A]n average of $92.6 billion a year will need to be invested through 2029 – an annual increase of 59% over the 2020 investment level…More than two-thirds of surveyed investors (68%) are planning to increase their renewable energy investments by more than 10% this year…Investors and developers have an ‘extremely confident’ outlook on the growth of renewable energy and energy storage…[and nearly all surveyed are] planning to increase their investment or development…

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Tax equity remains the financing source hardest hit by the pandemic…Energy storage and utility-scale solar rank as the most popular preferences for investment…[90% of investors and 90% of developers] maintained or increased risk appetites in 2021…Investors consider the US to be an attractive venue for investment compared to leading countries like China…Key policies are] long-term extensions of the wind and solar tax credits and new standalone tax credits for energy storage and regionally significant transmission…” click here for more

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