As global economies expand, particularly China and India, the market for new generation has changed dramatically: 1) The forecast of new energy generation worldwide for the 2008 to 2022 period is over 2,400 Gigawatts ("GW"). 2) This significant growth outside North America is continuing to create unprecedented demand for materials, equipment, and human resources. 3) Manufacturing capacity and critical commodity supplies are stretched to meet these demands. 4) Environmental issues could increase current generation costs up by 60-90 percent. 5) The availability of qualified workers further challenges new generation developers and operators. 6) Lenders' have heightened concerns for risks and uncertainty in today's market. Developers need to address these issues and present projects that have risk profiles acceptable to the lending community and other stakeholders. This paper will briefly highlight the drivers affecting the generation market and their collective impact on risks and prices.
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