Abstract

The development of projects in renewable energy ("RE"), like any power generation asset, requires large upfront investment. Thus, the decision to invest these large amounts will depend on the management of risks and expectation of returns. The key factors impacting the attractiveness of a RE project, and hence the decision to invest or not, are the economic, regulatory and legal context in which the project is to be developed. To alleviate investor concerns and encourage the development and use of RE, governments have put in place various subsidies / economic incentives including feed-in ...