openPR Logo
Press release

Sector Spotlight - Q1 2011 Renewable Energy Roundup

04-12-2011 12:41 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: InfraNews

InfraNews

InfraNews

By Peter Kneller

Regulatory changes formed a large part of the news in the renewable energy sector in Europe in the first three months of the year, with incentive systems in France, Italy and the UK all being the subject of alterations. On the deals side, utilities’ sales of equity stakes in offshore wind farms continued with Dong selling off a 50% share in Anholt to Danish pension funds, while in the UK infrastructure funds were involved in a GBP300m deal in the solar PV social housing sector.

The Italian government’s notification that it would be reducing PV feed-in tariffs for new plants, when announced in March, came as little surprise.

The country has seen multiple thousands of MWs of PV installed since new regulation was passed in July 2010 setting out F.I.T rates to the end of 2013. Such has been the pace of construction that the Italian government felt compelled to do something to slow it down. Not least were concerns that the connection of so many new solar PV plants would start to have a noticeable effect on consumers’ bills.

New feed-in tariff rates effective from June 1 are due to be announced at the end of April. In the meantime, the regulatory uncertainty has caused a temporary paralysis of the market as developers of new projects wait for further details.

France announced a change in feed-in tariff regulation for solar PV at the start of March. Not only will incentives be restricted to as little as 160MW of ground-mounted new-build annually, subsidised contracts will be subject to an auction process which would involve developers bidding with bespoke F.I.T prices.

The decision came after a four-month moratorium on new plant applications. New projects outside the auction process will receive EUR0.12/kWh, a rate not currently deemed financially viable.
In the UK, meanwhile, the Government published proposals in March to reduce financial support for larger scale solar-produced electricity. The planned changes include significant reductions in an effort to head off a proliferation of industrial-scale 5MW plants being planned by investors. The government will confirm new tariff rates on Aug.1.

GIB Capital Boost
Announcements on the UK’s forthcoming Green Investment Bank were also made in the budget on Mar.23, with Chancellor George Osborne committing a further GBP2bn to the initiative on top of the GBP1bn pledged at the spending review in October. In addition, the launch of the GIB has been brought forward from 2013 to next year.

The GBP2bn in additional funding for the bank will be sourced from asset sales, Osborne said. However, government advisors said that the bank has been underpinned by the treasury, meaning the government will provide funding if any of the asset sales do not take place.

The Chancellor also sketched out the GIB’s borrowing capabilities which will come into effect by 2015/2016, once the target for debt to be falling as a percentage of GDP has been met. This should allow the vehicle to raise, potentially, an additional GBP15bn in funding.

However, details on which sectors the GIB will invest in, and at which stage of the capital structure, are yet to be disclosed. The final proposals and design of the initiative are to be published by May 2011, according to the Department of Energy and Climate Change (DECC) and the Department for Business Innovation and Skills (BIS).

In Turkey, new regulation which differentiates between renewable energies was introduced in January. The new USD0.13/kWh rate for solar PV, while higher than the generic USD0.05/kWh renewables tariff rate it replaces, is still not regarded as high enough to drive widespread investment in the sector. However, there is optimism a higher tariff could be introduced in the future.

To read the full article, click here: http://www.infra-news.com/analysis/sector-spotlight/853688/sector-spotlight-q1-2011-renewable-energy-roundup.thtml

For more information about InfraNews (www.infra-news.com) and find out if you are eligible for a free trial call Ken McAllister on + 44 (0) 207 786 9282 or e-mail at subscriptions@infraresearch.com. Please remember to quote your reference: INPR8OPR.

InfraNews is the most relevant, timely & accurate provider of news, analysis & research about the latest greenfield & brownfield infrastructure projects & deals across the European and global infrastructure communities.

1st Floor, 4 City Road, London EC1Y 2AA, UK

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Sector Spotlight - Q1 2011 Renewable Energy Roundup here

News-ID: 170650 • Views:

More Releases from InfraNews

Why the Eurozone Sovereign Crisis is a Bad Thing for Infrastructure Investors
Why the Eurozone Sovereign Crisis is a Bad Thing for Infrastructure Investors
By Peter Allison To say that fear stalked European financial markets during August is something of an understatement. While temperatures rose in Greece, Italy and Spain, markets headed in the opposite direction. The underlying theme was volatility. The swing in yields on ten-year Spanish and Italian government treasuries was an eye-watering 1% during one week in August. Equities dropped in value and then recovered slightly. Then they fell again. The price
Will KKR, Munich Re T-Solar Investment Kickstart Renewables M&A In Spain?
Will KKR, Munich Re T-Solar Investment Kickstart Renewables M&A In Spain?
By Peter Kneller The Spanish solar market has been experiencing some strange goings-on of late, most notably KKR and Munich Re’s investment in Grupo T-Solar’s 168MW Spanish and Italian solar portfolio. The deal – one of the largest investments in an operational solar PV portfolio in the renewable energy sector’s short history - took place against the background of increased regulatory pressure in the country’s solar market. The bulk of installed solar PV
InfraNews Case Study: Multicurrency Programme Sets a Precedent for Infra Investors in Norway’s Gassled
InfraNews Case Study: Multicurrency Programme Sets a Precedent for Infra Investo …
The NOK3.8bn (EUR477.8m) of sterling, dollar and kroner bonds that a venture between UBS International Infrastructure Fund and CDC Infrastructure issued in the second half of June to finance its acquisition of an 8% stake in Gassled has established a template for other recent financial investors in Norway’s offshore gas pipeline company to follow. Further bond issues to provide acquisition finance for shares in the company that ships a quarter
InfraNews Case Study: BAA Broadens its Investor Base with Inaugural US Dollar Bond
InfraNews Case Study: BAA Broadens its Investor Base with Inaugural US Dollar Bo …
UK airports operator BAA refinanced most of its outstanding medium-term bank debt in June with an inaugural USD1bn bond issue that significantly furthered the company’ strategic plan of broadening its investor base. The BAA funding securitisation vehicle, set up by the Ferrovial-led Airport Development and Investment (ADI) consortium in August 2008 to refinance its GBP10.3bn acquisition of the company two years earlier, has now issued significant volumes of capital markets

All 5 Releases


More Releases for GIB

Subsea Navigation And Tracking Market In-depth Analysis of Key Players viz-a-viz …
Subsea navigation & tracking is a system used for the navigation and tracking of underwater divers as well as vehicles by means of direction measurements/acoustic distance and subsequent position triangulation. Subsea navigation & tracking systems are generally used for a variety of underwater tasks such as ocean sciences,oil and gas exploration, salvage operations, marine archaeology and military activities. Moreover, offshore industries also utilize subsea navigation & tracking systems in a
Technological Advancements to aid Growth of Subsea Navigation And Tracking Marke …
Subsea navigation & tracking is a system used for the navigation and tracking of underwater divers as well as vehicles by means of direction measurements/acoustic distance and subsequent position triangulation. Subsea navigation & tracking systems are generally used for a variety of underwater tasks such as ocean sciences,oil and gas exploration, salvage operations, marine archaeology and military activities. Moreover, offshore industries also utilize subsea navigation & tracking systems in a
Forecast on Subsea Navigation And Tracking Market for the Period 2017 - 2027
Subsea navigation & tracking is a system used for the navigation and tracking of underwater divers as well as vehicles by means of direction measurements/acoustic distance and subsequent position triangulation. Subsea navigation & tracking systems are generally used for a variety of underwater tasks such as ocean sciences,oil and gas exploration, salvage operations, marine archaeology and military activities. Moreover, offshore industries also utilize subsea navigation & tracking systems in a
Subsea Navigation And Tracking Market Is Expected To Generate Huge Profits by 20 …
Subsea navigation & tracking is a system used for the navigation and tracking of underwater divers as well as vehicles by means of direction measurements/acoustic distance and subsequent position triangulation. Subsea navigation & tracking systems are generally used for a variety of underwater tasks such as ocean sciences,oil and gas exploration, salvage operations, marine archaeology and military activities. Moreover, offshore industries also utilize subsea navigation & tracking systems in a
Fluorite Market Dynamics, Segments and Supply Demand 2014-2020
Subsea navigation & tracking is a system used for the navigation and tracking of underwater divers as well as vehicles by means of direction measurements/acoustic distance and subsequent position triangulation. Subsea navigation & tracking systems are generally used for a variety of underwater tasks such as ocean sciences,oil and gas exploration, salvage operations, marine archaeology and military activities. Moreover, offshore industries also utilize subsea navigation & tracking systems in a
Global Subsea Navigation And Tracking Market Research Report 2017
In this report, the global Subsea Navigation and Tracking market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Subsea Navigation and Tracking in these regions, from 2012