A year into Russia’s war in Ukraine and the strain it has placed on global energy supply, in concert with new government clean-energy incentives in the United States and Europe and the development of new technologies in the sector, UBS takes stock of the renewable-energy infrastructure investment market, pointing out potential strong currents and hidden shoals. A report by Alex Leung, infrastructure analyst, research and strategy, for UBS Asset Management, Real Estate & Private Markets, which was published in the April issue of Institutional Investment in Infrastructure, examines both the risks and rewards of renewable-energy investing, and how they might play out in the second half of 2023. “Given all the hype in energy transition, the biggest challenge is probably competition,” says Leung, citing the expected acceleration of renewable-energy projects and players coming to market. “This could be market-specific, where potential overcapacity could negatively
