Branded as 'not for the faint of heart' in the early days, direct UK renewable assets have become a staple ingredient of infrastructure funds of varying risk profiles. However, the investment landscape is shifting considerably.
In the 2018 budget, the government announced it would stop using private finance initiative (PFI) structures to fund future UK infrastructure projects. News articles on the death of the unloved financing scheme promptly ensued. But the devil, as always, is in the detail.