Investors warming up to renewable energy investments
WSJ: "Many investors have also become convinced that, beyond fancy financing tools, renewable power can simply compete."
The green investment promise might have finally arrived. After a very long time of preaching the viability of green and renewable energy, investors seem to finally put the money where the future is.
According to the Wall Street article, money is flowing to renewables since “in just a few years, investors have gone from zero to billions in the amount of money they’re pumping into renewable-energy companies and environmentally friendly projects. Tax-equity funds and specialty financial tools like “green bonds” and yieldcos have become increasingly popular.”
This is obviously great news, since a lot of sectors in renewables are in dire need to acquire funding and develop new projects. There is some criticism due to the rise of new financial instruments, such as green bonds, yieldcos and the such, claiming to be just a fad, yet the Wall Street Journal says that “many investors have also become convinced that, beyond fancy financing tools, renewable power can simply compete.”
We can only wait and see how this rise in investment will impact the renewables sector.
To read the full article, please follow the link.
Source: Wall Street Journal