2024 outlook: renewables – winds of change – Federated Hermes Limited

If the energy transition is a must-have in the fight against climate change then renewable energy is in the eye of the storm.

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... The sentiment towards renewables has been overly negative over the past 12 months. This has been driven by perception that renewable projects no longer offer attractive returns due to the higher cost of capital, the view that rates will remain higher for longer combined with elevated construction costs as a result of the inflationary pressures.

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