The substantial reduction in production costs - down 69% over the past decade for large-scale wind projects and 88% for solar, according to the latest study from investment bank Lazard – has allowed renewables to compete at scale with any other source. Overall, according to the International Energy Agency, the share of renewables in global power generation is set to rise from 26% today to 30% in 2024.
The key to this ongoing transformation is deployment of innovative renewable energy technologies. However, it can be challenging to integrate these technologies into existing policy frameworks and energy systems.
In addition, renewable energy players are faced with the challenge of rising policy and regulatory uncertainty as policy makers try to balance growing demand and the 'net zero' emissions goal. Such uncertainty can affect returns on investment, often leading to incomplete long-term contracts and disputes.
Renewable energy companies need to remain agile and flexible in the constantly evolving industry and ensure their long-term strategy properly addresses the potential risks.
Our renewables sector expertise spans across the areas of solar power, wind power, wave and tidal, biomass, energy from waste, waste disposal and recycling, combined heat and power plants and is composed of more than 50 specialists from across the business.
Our team has worked on energy projects and their financing for many years globally, giving us real experience in all aspects of the evolving renewables sector and regulations. We act for four out of the top ten water and waste-water utility companies in England and Wales, as well as clients across the rest of the globe, ranging from start-ups to multi-nationals, developers, funders, investors, electricity and gas suppliers and customers, all the way down the supply chain.DWF is a member of the Renewable Energy Association (REA), UK Environmental Law Association (UKELA) and the UK District Energy Association (UKDEA)
What's holding Africa back? Delivering renewable energy in a challenging market.
Africa presents an exciting prospect for investment in renewable energy. Hear the views of investors, developers and manufacturers on the challenges and opportunities for renewable energy in Africa in our report.