IEEFA:
One of the core takeaways in research published last week by Moody’s Investor Service: Declining capital costs and improved operating efficiencies will continue to drive strong growth in renewable energy over the next few years.
Three Moody’s executives will be featured next week in an IEEFA webinar to discuss the research: Jim Hempstead (Managing Director, Moody’s Global Projects & Infrastructure Finance), Anna Zubets-Anderson (Vice President-Senior Analyst, Moody’s), and Swami Venkataraman (Senior Vice President, Moody’s).
Globally, China and India are expected to lead in renewable energy installation. In the U.S., even in the absence of subsidies, lower-cost wind and solar are expected to continue to take market share from coal-fired electricity generation.
Moody’s in its recent research also notes growing political support for renewables in much of the U.S., driven by job growth, noting that “The renewable energy sector provides significant employment for the US economy — 677,544 jobs in total versus 160,119 for coal — and this helps to ensure that the sector will continue to receive support from many local governments.”
The webinar, on Thursday, Sept. 28 at 10 a.m. ET, “Financial Trends in U.S. Utilities, Renewables and Coal,” is open to the public. Register here.