This article originally appeared on Recharge.
Offshore wind projects have taken root in America. The country’s first operating offshore wind farm, in Block Island, Rhode Island, began contributing energy to the power grid in December 2016. Now, more than 23 offshore wind projects — collectively expected to produce 16,000 MW of power — reportedly are being planned. Thus, opportunities abound for developers, contractors, and investors in the U.S. offshore wind market.
Despite the currently low prices of oil and natural gas, renewable electric power generation is poised for rapid growth. Based on a “business-as-usual” scenario, Bloomberg New Energy Finance’s New Energy Outlook, June 2015 predicted a $6.9 trillion investment in new renewable electric power generation over the next 25 years. A newly published report by Ceres, Bloomberg New Energy Finance, and Ken Locklin, Managing Director for Impax Asset Management LLC, predicts a much greater opportunity for private sector companies and commercial financiers to invest in new renewable energy.
Topics: Carbon Emissions, Biomass, Solar Energy, Renewable Energy, COP21, ITC, Energy Investment, Investment Tax Credit, renewable energy investment, PTC, carbon tax, Wind Energy, Climate change, Ceres, United Nations, UNFCCC, production tax credit, cap-and-trade, renewable portfolio standard, feed-in-tariff, COP22, carbon pricing
With energy demand expected to double by 2030, Pakistan shows significant growth potential for energy investment opportunities in the near term. By way of one of the most liberal foreign investment regimes in South Asia, Pakistan presents investment opportunities across the spectrum, from coal based power projects to natural gas and renewables. The Government of Pakistan attaches high priority to oil and gas exploration and the sector remains the major target of foreign investors. But, with new clean energy partnerships, opportunities exist for investment in innovative technologies. Boasting new policy frameworks, Pakistan is positioning itself to efficiently exploit its resources and leverage investments in newer energy technologies.