Despite the impact from low oil prices, there has been a shift in the renewable energy profile in many countries, made possible through a combination of interventions:

• use of legislation and feed-in-tariff (FiT) where available
• tax incentives on technology imports and development
• advancement in commercial-scale technology
• newer forms of commercial structuring and funding avenues, such as green bond financing

Governments around the world, even in emerging markets, are now focusing on renewable energy.

We take a closer look at the trends driving this shift, such as, environmental considerations, global commitments, technology, and a strong sector appetite for green projects.