Institutional investors intend to increase their funding of clean energy, according to a new survey, but it will not be enough to drive global growth of the industry in the year ahead, according to a Reuters report.
Expensive debt has held back installation of clean energy projects, but investors expect the sector to bounce back from the current recession faster than other industries, due in part to government incentives.
"We can say with some confidence that when project finance comes back it will come back first for low-carbon energy projects," John Browne, managing director at the private equity firm Riverstone and former chief executive of oil firm BP (NYSE: BP), told a conference this week.
Read the full report at the link below.
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