The Future of Renewable Energy
This report was produced by DIF Capital Partners, a member of IPFA.
DIF Capital Partners recently hosted its Global Renewable Energy & Storage Industry Days. This two-day event brought together industry advisors, portfolio company leadership and DIF’s global team of in-house energy transition experts, to discuss industry trends, opportunities and challenges in the evolving renewable energy landscape.
This Global Insights Series publication summarizes the key takeaways of the event.
The themes addressed in the report include:
- The push to achieve science-based carbon reduction targets coupled with rising electricity use has led to accelerating demand for renewable energy from governments, utilities, corporates and individuals alike.
- Providing renewable energy direct to corporates and industrials is a growing market for renewables providers, with many large businesses still unaware of how it can help them hit their net zero targets.
- A significant amount of public and private capital will be required to execute the energy transition.
- The influx of capital into building intermittent renewable generation, but without the commensurate investment into upgrading and reinforcing power grid infrastructure is resulting in widespread grid congestion and curtailment. However, colocation with storage or other technologies, and strategic siting of assets can help to mitigate this risk.
- Geopolitical disruption in Europe (and the world) has further increased focus on security of supply and reducing reliance on fossil fuels. In North America, the Inflation Reduction Act represents the largest government incentive package for the renewable energy industry to date.
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