Falling oil prices is a key factor affecting renewables projects, along with a Latin American move away from hydro, and European and North American cost reduction in the face of unfavorable operating requirements and incentives, according to a Fitch Ratings report.
Other key issues affecting renewables projects include:
--Public incentives shifting towards innovative versus proven technologies in Europe and North America;
--Emergence of distributed generation and energy storage projects may drive development outside of utility scale projects in the U.S.;
--Retroactive support framework changes enacted in European jurisdictions undergoing stressed economic conditions and with unsustainable incentive levels.
The full report, titled 'Renewable Energy Projects - 2015 Sector Briefing,' is available on the Fitch Ratings web site at 'www.fitchratings.com'.
Additional information is available at 'www.fitchratings.com'.
Applicable Criteria and Related Research: Renewable Energy Projects -- 2015 Sector Briefing
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