Diego Biasi, CEO of renewable energy investment company Quercus Investment Partners, explains how the renewables sector has become a major focus for the GCC and why the green economy is becoming so popular for investors.
The renewable energy sector is growing at speed. How exciting a period is this for the field, and how does Quercus fit into the picture?
“The global renewable energy sector has experienced exponential growth over the past decade. The MENA region has been quick to follow, outpacing many developed nations in recent years, with governments throughout the region becoming increasingly interested in boosting the renewable energy sector, for both environmental and economic reasons.
“Quercus fits into this picture by facilitating investment into this sector via our specialised asset managers and experienced core team, with a strong track record in renewable energy. Quercus has now expanded from its roots in Europe into the GCC region to assist investors in delivering a strong, long-term yield with maximum returns. Looking to the future, we expect this momentum to continue with strong growth for the next 10 to 15 years – especially when considering the global installed capacity for renewable energy is set to increase 70 per cent by 2030.”
What are the main reasons for this growth and how will private companies and investors be affected?
“The speed at which the renewable energy sector continues to grow is the result of many factors, most significantly the rising interest and attention from governments seeking to reform the energy sector towards greater levels of sustainability.
“Gulf countries are richly endowed with renewable resources of energy, and it is encouraging to see many MENA countries, particularly the United Arab Emirates, making committed progress towards understanding how to manage the changing energy market. This will lead to accelerated progress and greater confidence in the sector for private investors.
This story is from the June 2017 edition of Gulf Business.
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This story is from the June 2017 edition of Gulf Business.
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