By Gaurav Sharma for Forbes
As the proliferation of renewable energy continues across Europe, U.S. and several emerging markets, such project initiatives are gradually losing their niche status and becoming more commonplace, according to fresh industry research.
In its first examination of the renewable energy infrastructure space, Fitch Ratings said the sphere is being led by solar energy projects that “consistently outperform” wind power on a global scale.
However, despite their increased acceptance, renewable revenues remain “inherently volatile” since the resource in question is outside of the project’s control, the rating agency added. Nonetheless, asset performance for solar projects has been more consistent even though their track record is shorter.
