ESG360 - How Solar Power Can Fuel the Green Energy Transition
We discuss the future of solar energy as pressure builds on countries to reach net zero emissions goals
- Solar energy has been making great strides in recent years as pressure builds on countries to meet net zero emissions goals
- The latest available data from the International Renewable Energy Agency shows that solar capacity increased 22% to 127 gigawatts in 2020 compared to 2019.
- The maturity and stability of solar photovoltaic panels has made them among the cheapest forms of energy production
In this episode of ESG360, we discuss solar power with Vinod Mukani, head of the Infrastructure and Power Business at Nomura. Solar energy has been making great strides in recent years as pressure builds on countries to reach net zero emissions goals. The latest available data from the International Renewable Energy Agency shows that solar capacity increased 22% to 127 gigawatts in 2020 compared to 2019. The size of the solar market is expected to reach $223 billion by 2026.
Nomura recently acted on an innovative solar and battery storage financing for AMP Energy, a renewables specialist. The deal highlights 3 key trends and challenges. Firstly, the maturity and stability of solar photovoltaic panels has made them among the cheapest forms of energy production. Secondly, the renewables markets is global but jurisdictional nuances make financing a challenge, in particular the way renewables are subsidized vary between countries. Finally, there’s great demand for tailored financing whether it’s for distributed solar that’s produced using rooftop systems or community solar projects that power multiple properties from a central source.
Listen to us on
Contributor
Vinod Mukani
Head of Infrastructure & Power Business, Nomura Securities International, Inc.
Disclaimer
This content has been prepared by Nomura solely for information purposes, and is not an offer to buy or sell or provide (as the case may be) or a solicitation of an offer to buy or sell or enter into any agreement with respect to any security, product, service (including but not limited to investment advisory services) or investment. The opinions expressed in the content do not constitute investment advice and independent advice should be sought where appropriate.The content contains general information only and does not take into account the individual objectives, financial situation or needs of a person. All information, opinions and estimates expressed in the content are current as of the date of publication, are subject to change without notice, and may become outdated over time. To the extent that any materials or investment services on or referred to in the content are construed to be regulated activities under the local laws of any jurisdiction and are made available to persons resident in such jurisdiction, they shall only be made available through appropriately licenced Nomura entities in that jurisdiction or otherwise through Nomura entities that are exempt from applicable licensing and regulatory requirements in that jurisdiction. For more information please go to https://www.nomuraholdings.com/policy/terms.html.
