In this report, investors will hear about the key Megatrend of energy transition from fossil fuels across countries in the emerging markets.
Jonathan Groocock, Deputy Fund Manager of Utilico Emerging Markets Trust (UEM) and Senior Analyst focusing on the Utility Sector looks at the themes experienced during 2023 and his outlook for 2024 which focuses on:
1) Renewable energy capacity growth
2) Improving competitiveness of solar PV energy
3) Further investment in grid infrastructure and energy storage solutions
The report concludes the growth of the Megatrend will continue into 2024 and beyond, underpinned by investment in energy infrastructure, which will offer predictable returns and long duration cash flows, which should ultimately translate to improved financials and long-term share price performance for investors.
