Climate infrastructure investing: risks and opportunities for unlisted renewables

This report examines unlisted renewable assets in terms of the risks and returns globally, including in emerging markets and developing economies. The analysis covers the performance of an index representing global unlisted renewables, consisting of wind, solar, hydropower, and other renewables assets (biomass, geothermal, marine power, and battery storage). Wind assets, largely onshore wind, accounted for more than half of the portfolio constituents, with solar and hydropower each comprising one-fifth. It compared this with a broader unlisted infrastructure portfolio that included assets across a range of sectors, such as transport and telecommunications, as well as with various other portfolios and benchmarks.