Historical notions that “emerging” nations are financially and politically more volatile than “developed” countries, and therefore riskier places to invest, are being swept aside.
So too is the view that investors and equipment suppliers prefer feed-in tariffs (FITs) over more market-based mechanisms such as green certificates or the UK’s ROCs.
Aggressive government revisions of regulations governing both new and existing projects in Spain; the ongoing debate over changes to Germany’s framework; and a variety of negative moves from Portugal to Italy have rendered the previous mindsets obsolete.
Indeed,
