Renewable-Energy Investors Seek Returns in Project Development – The Wall Street Journal

Private-equity firms that invest in the renewable-energy sector increasingly are turning to project development as they seek to generate returns more in line with their asset class than with traditional infrastructure investing.

But that means the firms also have to balance those returns against the risks of backing wind and solar plants with a more uncertain future and that aren’t producing revenue because they are not yet operational.

“The…

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