Authors
Dr. Matthias Fawer and Balazs Magyar
September 2009Document Summary: 2009 has been a challenging year for renewables, like most sectors severely affected by the credit crunch and global recession. Despite the crisis and slump in demand however there are several positive signals for renewables. First is the globally coordinated economic stimulus packages, with investment programmes for renewables around US$180 billion, but there are uncertainties when they will become effective. Electricity utilities have sufficient funds to secure financing of renewables though. Sarasin sees uncertainties regarding national subsidy programmes for renewables, but the bank’s long-term forecast for individual renewable technologies is positive with continuous market growth, compared with conventional energy sources.