FROM THE EDITOR

摘要

It seems that there is something of a crisis of confidence in the renewable energy investment market. A toxic mix of low growth and falling prices, a lack of certainty around policy stability and a move to more risk-averse investment strategies has effectively poisoned prospects for sustained vigorous growth in established markets. Indeed, Richard Threlfall, UK head of infrastructure, building & construction at KPMG, eloquently summed up the overall energy infrastructure investment outlook when he recently commented that 'It is no surprise that private finance for infrastructure has now virtually evaporated. Banks are under much greater commercial and regulatory pressure to recycle their capital. As a result, long-term bank finance for infrastructure is now effectively dead. In addition, capital markets won't lend into infrastructure unless they are insulated from construction risk. The combination of no bank or capital markets access has... created the perfect storm.'