February Edition 2021

13 But where will this all take us? White & Case’s Rafferty concludes: “We think that the outlook for 2021 and beyond is intriguing for both investors and infrastructure funds. Furthermore, partly because of the coronavirus pandemic, Environmental, Social and Governance (ESG) is really having its moment now, with investors in infrastructure funds emphasizing the importance of ESG demands and there is real encouragement to invest in renewables. In addition, overall cost to build renewables is lower than it used to be so there is generally somewhat less pressure needing to rely on government subsidies.” With a renewed interest in renewables since Biden took the reins the White House, will the new impetus have its desired effect? We are all watching.