“It would be hard to overstate the importance of existing power infrastructure in attaining carbon reduction goals,” says Daniel Revers, founder and managing partner of ArcLight Capital Partners.
In an interview published in the October issue of Institutional Investment in Infrastructure, Revers says that many current power infrastructure assets are owned and passively managed by investors who are not experts in power generation, and at the same time, new builds are delayed by permitting and other issues in the current market. Repurposing and electrifying existing fossil-fuel assets, as their contracts expire, can improve this bottleneck. “When these contracts expired, owners needed to manage the assets much more as power businesses than an infrastructure business,” says Revers.
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