Our insight paper on the viability of merchant finance in onshore wind was quoted on Energy News Live. Fully merchant onshore wind is unviable to most investors and will not lead to mass capacity, with only 7% of those surveyed considering a fully merchant onshore wind project financially viable.
Daniel Atzori, Research Partner at Cornwall Insight explained that it was hard to see investors taking the leap when debt leverage is low and expectations of price volatility and capture price cannibalisation is high.
This may explain why so few fully merchant onshore wind financings have taken place in Great Britain and Ireland and in reality, may struggle to ever really take off at all.
Daniel Atzori
