A revolution in the power sector is driving rapid change towards a renewable energy future. However, the overall transition is not advancing with the speed expected resulting in tighter tax equity, M&A opportunities and limited capital. Rubicon offers a bridge to its clients, enabling them to tap into our deep relationships, decades long expertise, and cutting market insight with successful business results.
We see renewables as one of the key growth sectors in the energy market today. 2018 was another record-breaking year for this industry, due in large part to continued improvements in the cost-competitiveness of solar PV and wind power. As the costs of solar PV and wind continue to fall due to technological innovations coupled with changes in markets, effective policies and new business models, opportunities are arising for our clients. Over time, the International Renewable Energy Agency (IRENA) has developed scenarios to estimate the investment required to progressively increase the shares of renewables in the global energy mix (up to 36% by 2030, and up to 65% by 2050). Rubicon will continue to work with our clients to ensure we can support them in their investment goals.