‘Pressing need’ for investments in energy infrastructure: GIC
It also sees natural gas remaining key in the US, while renewables are ‘well-positioned’ in Europe, China and India
[SINGAPORE] Sovereign wealth fund GIC sees a “pressing need” for investments in grid infrastructure and power equipment supply chains, as it bets on opportunities in the electrification of the economy.
GIC is “constructive” on regulated electric networks and utilities, as investing in their asset base can provide additional earnings growth, the fund said in its annual report released on Friday (Jul 25).
It especially favours assets in stable jurisdictions, with regulatory frameworks that “support high cashflow predictability by providing inflation and volume protection”.
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