merchant risks

Free-market plays are spreading throughout Europe’s four corners despite risks that neither technology nor innovative finance can eliminate for now, say speakers at London event.

Banco Sabadell supplies close to €30m in debt to Renovalia’s five-strong solar cluster in Ciudad Real province, first of firm’s 1GW merchant pipeline of PV and wind.

Free-market success will require accepting merchant risks and even ‘reverse subsidy’ logic of paying for grid access, say developers, investors and utilities gathered at Munich event.