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The selection of countries below has been based on the countries which we have seen attract attention during the past 12 months. There are undoubtedly other countries of interest and even further countries which are currently developing new renewable energy policies which will make them interesting countries for future foreign investments and their projects as finance objects. We hope to cover such new markets in our future volumes of our newsletter.
It is further noted that as the below overview is very high level, there can, within each country, be variations related to, among others, technology and capacity. Local and regional level policies may further affect the national regime and changes to the regimes may occur from time to time, just as some countries have passed legislation or announced support programmes which for various reasons have not been fully implemented or not become effective. Not all projects within the same jurisdiction may thus be subject to the same regime - or be eligible for the same benefits or regulatory regime in general.
The below table and information shall thus only be seen as inspiration and should not be relied on for investment or other business decisions.
Whereas lately "hot" renewables markets as Spain and the Czech Republic have cooled off significantly with the recent uncertainty as to the changes to the tariff regime and possible retroactive measures by way of cuts in the guaranteed tariff or new taxes, other markets such as Romania, Sweden and Norway seems to be taking off.
Political certainty, or at least a reasonable risk/reward, and financing are undoubtedly still the order of the day. We can thus only hope that the EU Commission's recommendation to ensure political stability and avoid retroactive measures as set forth in its report from November 2010 will in fact become the order of the day, just as we await to see what form of finance assistance will be offered by the EU going forward.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
