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EMEA Renewable Energy Project Finance 2024 Outlook Neutral
Fitch Rating´s outlook for EMEA renewable energy is neutral for 2024, despite persisting market price volatility, cost increases, regulatory barriers or lack of policy support affecting new capacity. Existing project finance issuers are largely insulated from fluctuations in market prices through long-term, fixed-price contracts or regulated tariffs. Cost increases are typically absorbed by third-party operators and most projects benefit from fixed or largely hedged interest rates. Electricity prices in EMEA are expected to remain elevated in 2024, although down from their 2022-2023 peak. The reliance on liquefied ... (full story)