S&P Global Platts

Five Anticipated Trends in 2023 for Global Power and Renewables Markets

As 2023 begins, the Global Power and Renewables team of S&P Global Commodity Insights considers five key trends that we believe will define power and renewables markets worldwide this year. These key issues and signposts will guide our research agenda for 2023:

  1. Economic uncertainty and high energy costs will lead power market stakeholders to focus heavily on electricity’s affordability.
  2. Power sector policies and investments will increasingly bring energy security and the energy transition together.
  3. High interest rates and cost inflation will challenge power project financing, but renewable projects will endure.
  4. Many power companies will retrench geographically to avoid pitfalls and embrace new business plans to capture opportunities.
  5. Difficulties in balancing variable renewables will stimulate the development of firm clean energy solutions.
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