AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Challenges in Underwriting Renewable Energy Projects
The challenge of low initial returns, coupled with the unpredictability of selling power and volatility of electricity prices, creates a difficult mix for bank managers considering renewable energy projects. Despite internal and external pressures to invest in renewables, banks lack expertise and are reluctant to take on the specific risks associated with these projects. Interviews with industry professionals highlight a desire to invest in renewable energy, despite skepticism from some about the authenticity of ESG efforts.