July 29

Analysis: Clean-energy optimism soars as world struggles with the pandemic’s fallout

Banks have been lining up in recent months to finance a trio of solar plants that Scatec Solar ASA is developing in Tunisia. The offers are unlike anything that Raymond Carlsen, Scatec Solar’s CEO, says he has ever seen.

“I have to say that I’m positively surprised how eager the banks have been to support us,” Carlsen told analysts July 17.

The same day, Norwegian oilfield service providers Aker Solutions ASA and Kværner ASA announced a merger that will spin off a wind farm developer and another company focused on carbon-capture technology. The world is “transitioning to green solutions at accelerated speed,” Aker Solutions Chairman Øyvind Eriksen said, and the clean-energy businesses face better odds on their own.

Photo courtesy of Lance Cheung.

Source: S & P Global (link opens in a new window)

Coronavirus, Energy
business development, energy access, infrastructure, renewable energy, SDGs