Fitch Ratings-New York-16 January 2019: Renewable energy projects are gradually losing their niche status and becoming more commonplace throughout the world with solar consistently outperforming wind on a global scale, according to Fitch Ratings in its inaugural global review of the renewables sector.
Despite their increased acceptance, renewable revenues remain inherently volatile since the resource in question is outside of the project’s control. That said, asset performance for solar projects has been more consistent even though their track record is shorter. ‘Solar projects are demonstrating lower operational risk, better generation performance and lower volatility,’ said Director Andrew Joynt. ‘Solar projects also tend to meet or exceed initial volume estimates while wind projects more often underperform against expectations.’
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