Edward Zaelke Talks About “Uncertainty” in Renewables Sector with FierceEnergy
Edward Zaelke, co-head of Akin Gump’s global project finance practice, was interviewed by FierceEnergy on talk of uncertainty in the renewable energy industry and on the future of renewables in the United States.
Zaelke notes how the renewable energy industry is destabilized by government policy inconstancy concerning encouragement of renewable energy development. As he notes, “from 2004 to 2011, when there are stable policies, companies invest in technology, new factories open, competition increases and the price of the product comes down.” By contrast, however, “Uncertainty causes companies not to invest or to disinvest, which prevents the cost of energy from renewables from continuing on its rapid path of reduction.”
Zaelke also discusses the future of the renewable energy industry, opportunities for utilities emerging from consolidation in the renewables industry and ways to reduce uncertainty in this energy sector.