S&P Global Ratings’ Julyana Yokata considers the onshore wind industry in Latin America, in Power Energy Solutions Wind

S&P Global Ratings rated its first onshore wind project in 2003. Since then, the renewable energy sector has undergone tremendous expansion. In Latin America in particular, onshore wind power sources are playing an increasingly important role. Julyana Yokota, Director, considers the unique challenges and opportunities facing onshore wind power producers in the Latin American region.

To read the full article, please click here.

S&P Global Ratings’ Jessica Williams assesses the technologies powering the renewable energy boom for Marine Technology Reporter

Thanks to increasing levels of debt financing for climate-aligned projects, wind-generated power has become one of the fastest-growing green industries.

Jessica Williams, Infrastructure Analyst at S&P Global Ratings, considers the undersea transmission cables that are making this progress possible by spurring distribution of the energy created.

Read the full article here.

S&P Global Ratings’ ACS SCE Green Evaluation covered by the specialist water press

ACS Servicios Comunicaciones y Energía S.L.’s (ACS SCE) €750 million worth of green notes has received an S&P Global Ratings’ Green Evaluation score of E1/83.

This high score is supported by proceeds allocated to renewable energy and water projects in countries with medium carbon intensity grids and medium to high water stress – and is coupled with our hierarchy adjustment that reflects the role that these technologies play in the transition to a low-carbon economy.

The news was covered by Global Water Intelligence and WaterBriefing Global

S&P Global Ratings’ Green Evaluation of Eolica Mesa La Paz onshore wind financing covered by the specialist press

The proposed bonds that will finance the Eólica Mesa La Paz wind farm, in Mexico, have received an S&P Global Ratings Green Evaluation of E1/91 – the highest score available. Eólica Mesa La Paz will finance the construction of a 306-megawatt (MW) onshore wind project, located in Tamaulipas, by using a new senior secured bond for $303 million with final maturity in December 2044.

Benefitting from a robust project finance legal structure and high-level commitments to reporting on carbon reduction efforts, the project received scores of Transparency (80), Governance (95) and Mitigation (92).

This news was covered by Windpower Engineering and Development, Power Finance & Risk and Renewables Now.

S&P Global Ratings’ BIF II Holtwood Green Evaluation covered by the specialist press

US$350 million senior secured notes, issued in February 2018, by BIF III Holtwood LLC, have received an S&P Global Ratings Green Evaluation score of E1/90.

The score of E1/90 reflects an excellent Mitigation score (95/100), which is supported by a focus on renewable energy generation contributing to systemic decarbonisation and that these projects are located in areas of moderate carbon intensity.

This news was covered by Responsible Investor, IJ Global and Environmental Finance.

In Utility Week, Luisina Berberian, S&P Global Ratings, discusses the changing risk environment of offshore wind power generation

Offshore wind is an increasingly viable renewable energy source. Growth has accelerated due to considerable cost reductions over the past five years – the mature U.K. industry, for example, has seen costs fall by 32%. And, as new offshore wind projects are installed, the risks associated with their construction and maintenance become clearer.

 

In Utility Week, Luisina Berberian, Associate Director, Infrastructure, S&P Global Ratings, considers the factors driving offshore wind power growth, the current risk environment, and the future of still relatively nascent industry.

To read the full article, please click here.

Michael Wilkins, S&P Global Ratings, discusses the transformation of the energy market and the increasing penetration of renewables for InfraNews

The global energy market is in flux. In the face of power supply gluts and low commodity prices – fossil fuel producers, integrated utilities and merchant generators have shifted their business strategies. What’s more, the growing presence of renewables is disrupting the grid’s status quo – with increasingly favourable regulatory policy and technological improvements aiding renewable energy’s growth prospects.

Exploring reasons for the changes in InfraNews, Michael Wilkins, S&P Global Ratings’ Head of Environmental and Climate Risk Research, explains how renewables are proving disruptive within the energy market

To read the full article, please click here (subscription required).

Turning the golden state green: S&P Global Ratings’ Michael Ferguson writes on green bonds issuances in California for CEM

Despite regulatory uncertainty at the federal level, California is driving an ambitious transformation of its energy sector.  With utility companies mandated to produce half of their electricity from renewable sources by 2030, the state’s energy overhaul has been powered by wind and solar subsidies, and – more recently – by battery technology advances. However, sustained renewable-energy progress will require considerable amounts of financing.

Writing for California Energy Market (CEM), Michael Ferguson, Director, U.S. Energy Infrastructure, S&P Global Ratings, considers how green bond issuances can raise the capital necessary to address California’s renewable energy generation needs.

The piece was published in CEM’s November 2017 in-print edition.

 

 

S&P Global Ratings’ Michael Ferguson explains the performance of the US green bond market in Renewable Energy World

8d742370d9c1622ee084f01a0038f614_xl12017 marks a year of outstanding growth in the global green bond market, but the US is trailing behind. Partisan gridlock over federal climate change policy has translated into uncertainty over investment conditions for renewable development and has slowed green bond uptake. Yet, significant decarbonisation activity at state level means that this uncertainty has not completely deterred demand – or financing – for environmental initiatives.

In an article for Renewable Energy World, S&P Global Ratings’ Michael Ferguson, Director, US Energy Infrastructure, outlines how state led initiatives are encouraging US green bond issuances. He notes that, in particular, the renewable portfolio standards (RPS) that many states have set themselves have the potential to drive investment and green bond growth in the US market in the near future.

To read the full article, please click here.

S&P Global Ratings’ Luisina Berberian considers the promises and challenges of the offshore wind industry in specialist publication

Writing for Windpower Engineering and Development, Luisina Berberian, Associate Director, explains that enhanced technology is driving down the cost of offshore wind power. In the U.K, for example, where the offshore wind industry is relatively advanced, the cost of energy generation from offshore wind projects has fallen by 32% over the past five years. Elsewhere, China’s offshore wind capacity looks set to increase fourfold by 2020.

Berberian considers that – while progress is clear – the industry still faces significant challenges; the need for larger vessels, a limited number of counterparties with the necessary expertise, complex and long design processes, and a lack of industry standardization.

To read the full piece, please click here.