Private equity's renewable investments hit a record in 2020
13 Apr 2021
Private equity investments in U.S. renewables hit a record $23.7 billion last year, per a new report on deals from American Investment Council, which is the industry's lobbying and advocacy arm.
Where it stands: "PE invests in renewable energy in two major ways: buying and expanding established power generators and increasing their production over the long term, and financing development costs for new renewable power companies," it states.
- The report says several things are driving the increase, including renewables' cost competitiveness and investors in PE firms steering more capital into ESG.
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