Some renewable energy companies, such as Germany’s SolarWorld which produces photovoltaic technology, said they expected higher returns following the events in Japan as governments seek safer ways to cover energy demand.
Other investors are skeptical that the renewable energy boom would last as the presence of nuclear in countries’ energy mixes is widespread.
„In the longer term it’s probably back to business as usual as nuclear will come back strongly to the agenda. Therefore renewable and nuclear will compete again,” O’Regan said.
Renewable energy deals continued dominating in Europe last year, where $13.05 billion was spent, but North America came a close second as $12.951 billion worth of green energy deals were struck, PwC’s report showed.
„The momentum in North America is moving more favorably toward a low-carbon environment. It may be that that’s an interesting market to keep an eye on this year,” O’Regan said. Key findings from PwC’s Renewables Deald 2010 Annual Review:
(Reporting by Karolin Schaps; editing by Keiron Henderson)