Utilities and financial investors are investing in renewables, especially hydrogen, like never before – pv magazine USA

A new Ernst & Young power and utilities overview report shows that utilities and other deep-pocketed investors are putting financial support behind their environmental, social and governance initiatives. November 23, 2021 Tim SylviaErnst & Young (EY) released a report detailing transactions in power and utilities (P&U) for Q3 2021, which shows that utilities are putting significant financial support behind their environmental, social and governance (ESG) initiatives. Investments in gas and electricity networks, the broader energy transition, and energy services; including storage, EVs and waste-to-energy, accounted for $57.2 billion of the quarter’s total of $72.8 billion in deal value.This trend of a higher focus on renewable deals began its ramp up in the first half of 2020. EY strategy and transactions partner, Miles Huq said individual deals in renewable energy are typically…

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