Utility-Scale Wind and Solar in Emerging Markets – Private Sector Perspectives
Forecasted to meet more than 70% of global electricity generation growth over the next five years, renewables are projected to have the fastest growth in the electricity sector, providing almost 30% of power demand in 2023 (IEA 2018a). However, current trends in energy investment remain insufficient to meet projected energy needs (IEA 2018b). As policymakers and planners in emerging markets create enabling environments for clean energy investment to meet climate, air quality, energy access, and energy security goals, de-risking private sector investment will facilitate scaling up deployment of renewable energy and closing the investment gap. This technical quick read provides an overview of challenges to and solutions for private sector investment into utility-scale wind and solar projects in emerging markets.