Riverstone Sees Capital Investment Rebounding in Clean Energy

  • Managing Director Chris Hunt says dip since 2011 is temporary
  • Clean energy become competitive investment opportunity

Capital investment in clean energy may rebound after ebbing since its record high in 2011, Riverstone Holdings LLC Managing Director Chris Hunt said.

Investment levels are currently responding to demand and uncertainties around policy and may stay lower “for a few years” compared with 2011, Hunt said Monday at Bloomberg New Energy Finance’s Future of Energy summit in London.

“We have a state right now where we have to digest what we have and prepare for another wave,” said Hunt on a panel discussion. Lower institutional investment shouldn’t be read as a lasting development, he said.

European markets including the U.K. and Germany are ushering in auctions of clean energy that are designed to depress market costs for electricity. At the same time, investment costs in wind and solar are falling, making clean power more competitive. For investment decisions, conventional and clean energy are “in the same ballpark,” said Hunt.

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