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The pair have acquired a 49 percent stake in the project, which was completed earlier this year and comes with a long-term offtake agreement with Origin Energy.
RealPort founder and CEO Ekow Yankah interprets inflation's impact on the renewables sector and its investors.
Despite the evident need for more renewables capacity in Europe, investors are wary of ever-changing regulations and mounting costs.
AGL Energy has been forced to write down a series of PPAs with windfarms it developed and sold between 2006 and 2012, as wholesale prices continue to fall.
Despite a sharp fall in energy demand and power prices earlier this year, PPA activity has remained strong. But another record year is no slam dunk.
With the possibility of a downturn on the horizon, execution-driven value creation strategies are an investor’s best course, say Todd Bright and Simon Merriweather of Partners Group.
Partners Group’s Andrew Kwok cautions that growth in PPAs presents new risks to investors at the same time as supporting project investment cases.
Panellists say financing renewable projects is becoming more difficult due to slowing economic growth in the country.
Should Andhra Pradesh - a state at the forefront of the renewables sector in the country - succeed in slashing tariffs, projects with a capacity of more than 2.5GW are at risk of defaulting.
The state of Andhra Pradesh is expected to fail in its attempt to renegotiate PPAs, but market sources fear a drawn-out court battle could still prove damaging.