Nevertheless, an analysis by the Organisation for Economic Co-operation and Development, International Energy Agency, and Council on Energy, Environment and Water shows there is high churn among the top developers. The churn rate was as high as 90% in wind energy, and 60% in solar power last year, says the report, Clean Energy Investment Trends. “The relatively high churn rate is perhaps indicative of the limitations of the capacity of even the top firms to finance new projects every year, especially in the face of increasing market competition,” it says. The high churn rate could be a function of a young market with several entities competing to capture a growing share, said the report. Ltd, a wind energy services provider, is to find a middle path where local investors are accommodated without hurting foreign fund flows.

Source: Mint September 27, 2018 05:37 UTC