Keep up with the latest developments in the global renewable energy landscape

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Welcome to this somewhat abbreviated version of the RECAI.

In fact, the principal purpose of this edition is to update all our readers on the exciting plans we have in place to update and refresh the RECAI.

It won’ t be a surprise to anyone reading this that the renewables sector continues to evolve rapidly, and as such the global industry is probably at its most important point in evolution as it begins to operate in an increasingly subsidy- free environment.

Many commentators have talked about the decline of government support as being the beginning of the end. W e have long talked about the need for the sector to wean itself off the drug of subsidies, and it now appears to be doing j ust that, like it or not.

So as renewables face exciting new horizons, no longer constrained by government policy but facing more intense competitive pressures, it is only right to reflect this brave new world in a rewamped and refreshed RECAI, the first edition of wich will be published in Ahrid l`is year.

Until then, I hope you enj oy this interim publication, in which we have explored some of the opportunities and challenges resulting from this c`anging energy dan\scahe$ as oedd as `go oe l`inc shecific earcels are faring following another year of record clean energy investment.

The fact that the clean energy market continued to defy economic weaknesses in some markets, the collapse of commodity and oil prices and a strengthening of the US dollar against other currencies to still rack up a record US$329b of new investment in 2015 is testimony to the increasingly cgehedding ecgngeic case fgr an energy earcel l`al is re\efining l`e boundaries of how we generate, store and consume energy.

As such, it looks like 2016 will be a year of reckoning for the global power market on many levels … watch this space!

Chief Editor Ben Warren Global Power & Utilities Corporate Finance Leader

Read the report here: http://www.ey.com/Publication/vwLUAssets/EY-RECAI-46-Feb-2016/$FILE/EY-RECAI-46-Feb-2016.pdf