On Tuesday April 10, Michael Didriksen, Partner, will be moderating the panel session on “Global Renewables and Clean Technology Investment.”
“Bloomberg recently reported that last year was the eighth in a row in which global investment in renewables exceeded $200 billion, and that falling costs for solar electricity and to some extent wind power is continuing to drive deployment.* Today, a fifth of the world’s electricity is produced by renewable energy, and for the foreseeable future this growth looks set to accelerate. In the United States, new installations of renewable generation outpaced fossil fuels for the second year in a row in 2017. Innovations in efficiency and the rise of battery storage and smart grid technologies will be key drivers for this industry going forward. However, companies will need to be incentivized by governments to focus on renewable development or adopt new funding models to harness the advances in clean technology and keep pace with the rate of innovation, but still deliver strong returns on investment,” said Michael Didriksen, Partner in Baker Botts’ New York Office.
Transactions involving the electric power industry have been a core competence of Baker Botts for over 100 years. During that time, much of the worldwide power industry has been deregulated and privatized. Today, growing concerns about global warming promise even greater changes – more renewable generation, carbon abatement transactions and projects, and implementation of large scale storage and smart grid technologies.
For more information, please look at the conference agenda.
To schedule an interview, please contact Louisa Williams, Brecke Boyd or Sheena Cochran.
*Source: Global Trends in Renewable Energy Investment Report 2018 – Bloomberg New Energy Finance, UN Environment and Frankfurt School-UNEP Collaborating Centre (April, 2018)
# # #About Baker Botts L.L.P.
Baker Botts is an international law firm of approximately 725 lawyers practicing throughout a network of 14 offices around the globe. Based on our experience and knowledge of our clients’ industries, we are recognized as a leading firm in the energy and technology sectors. Throughout our 179-year history, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit BakerBotts.com.