Perspectives on a Mega Investment Theme: Energy Transition
Evercore Edge
The Role of Energy Efficiency in the Transition to a Service-Oriented Environment
I think our cost of capital kind of, I think it's with the rate environment that we're in and the volatility that we're seeing, I think our expectation for returns is higher. Yeah, and we're seeing that across the board. For example, over the last couple of years in wind and solar, we've seen enormous amount of M&A activity into buying and building out huge platforms,. Huge pipelines of development. That was predicated on certain returns that had been really tightened in a low interest rate environment. As you start to move two, three hundred basis points up, and you start to get to where equity returns were, which are right on top of where debt returns are
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