As subsidies wane across Europe, there is a need for generators to look at their routes to market and much has been said of the merchant model but are investors ready to take on the risk of merchant projects?
- What’s the cost of capital for these deals going to look like?
- Which risks are acceptable as you approach a merchant project and which need to be hedged?
- What hedging mechanisms are in the market?
- Is the cPPA market deep enough to protect the bottom line?