Internationally renowned law firm: Investors have increased their interest in photovoltaics and energy storage
Nov 29, 2021An investigation report recently released by a well-known international law firm shows that as the global energy transition accelerates investment from fossil fuels to clean energy, investors are eager to transfer their funds to battery energy storage systems and photovoltaic projects. Despite the hype, investors' enthusiasm for hydrogen energy investment seems to have weakened.
Investor interest in onshore wind power projects has declined, and one-third (33%) of investors hope to maintain their market share, down from 42% a year ago.
However, in general, due to technological progress and increasing pressure from investors to implement climate-friendly investment policies, investors still hope to transfer funds to industries that will benefit from the energy transition.
Although the new crown epidemic has occurred, it seems to have little impact on investors' investment in response to climate change. And now more investors say that compared with the pressure from government departments or advocacy groups, they feel the pressure from competitors, customers and suppliers to switch to clean energy investment.
Paul Curnow, director of energy for the Asia-Pacific region of Ashurst Law Firm, said that sustainable technological improvements can help increase investor confidence in clean energy technologies.
Curnow said, “Investors’ confidence in clean energy technologies is growing and they are increasing their willingness to invest. However, as our research has investigated, the availability of greenfield development and the availability of appropriately skilled labor will also affect business strategies.
Our research shows that as institutional investors, asset management companies, and financial institutions including the central bank increasingly set the pace and direction of net-zero investment, companies in many markets have already taken the lead in government policies and regulatory systems. Front.
As we move towards a carbon-neutral world, many companies clearly need to develop new business models. They also need clear policy guidance from the government to plan for the future of clean energy. "
The survey found that most investors want to accelerate the flow of investment from the fossil fuel industry to the clean energy industry. More than two-thirds of the interviewed companies stated that they have set a zero-emission target, and 29% of the companies said they are developing zero-emissions. Target.