The Ernst & Young Renewable Energy Country Attractiveness Index ranks 40 markets worldwide on the attractiveness of their renewable energy investment and deployment opportunities.
Their latest report finds that China has ascended back to the top of the Index, supplanting the United States which has fallen to second. Political uncertainty in the UK and Australia have dropped them in the rankings to seventh and tenth respectively, while Germany and Japan remained static at third and fourth place respectively. Meanwhile, strong deployment and consistent policy support has seen Brazil, Chile, South Africa, and Kenya again rise up the index.
This report on renewable energy projects deals with biomass and waste-to-energy, geothermal, and wind generation projects, hydropower, wave and tidal energy projects, bio fuel, and solar projects. The 2013 report “Key Findings of in Renewable Energy Investment and Global Trends” concentrates on renewable power and fuels and large hydro.
We at Selective Financial Services finds this report a very important contribution to a cleaner world energy maket and this is also why our Research Team highly recommends this reading. Annual investment in small-scale and residential projects such as rooftop solar is covered and estimated. The report reveals information that has been obtained by continuously monitoring investment in renewable energy. It is a dynamic process. As the sector’s visibility grows, information flow improves. New deals come to light and existing data is refined. Historic figures are constantly updated. The Research Team of Selective Financial Services sends you the free copy of the original report if you select R5 here.
What makes an attractive green energy project?
Aspects to consider in green Energy Project Finance for alternative power like wind, solar and biodiesel / ethanol plants and MSW is dependent on many factors. The closer to “shovel ready” the better as far as the lender / investor sources are concerned. Land secured with permits is optimal. Power purchase agreements or Off Take Agreements should be at least in the formulation stage if not already negotiated. Long term agreements will be required with language that provides assurance for adequate debt service coverage ratios. Minimum capacity assurances are commonly required to assure the debt lenders of ongoing ability to meet the monthly or annual debt payments. Off Takers and Power Purchasers are usually required to have a credit rating of BBB (triple b) or better by Moody’s or Standard and Poor’s. With many lenders, these contracts are the main underwriting criteria. Some lenders don’t even lien the assets of the company while others do. The lender must be assured that the development will be delivered on time and on budget.