Adam Umanoff Quoted on Renewables Outlook for 2014
For its article “Renewable Energy Finance Outlook for 2014: Where Will the Cash Flow?” Renewable Energy World interviewed Akin Gump energy partner Adam Umanoff on large-scale renewable energy projects in the coming year.
Umanoff said, “Utility-scale solar, mainly photovoltaic solar, and utility-scale wind will continue to be active in their growth, in particular outside of the U.S.,” noting that Middle East is looking to move from oil to renewable energy as an electricity source: “That’s what we’ve seen in the past year. The Saudis came out with a huge 5-GW plus mandate for solar.”
He also said that large energy end-users are turning their attention to renewables, especially in Latin America—“In Chile, we’ve got very high power prices, relatively unreliable supply, and yet active commercial activity.”—and Africa—“[E]specially around the mining industry. There we are seeing both wind and solar looking very attractive.”