as implementation progresses and renewableenergybased electricity generation increases a reorientation of incentives to promote improvements in grid quality will become increasingly necessary to accommodate a larger share of clean electricity generation is the regulation easily accessible and understandable to all investors this is particularly important from an investor s perspective since energy infrastructure is a fixed longlived and illiquid asset high longterm visibility of the policy signal is particularly important for clean energy infrastructure lower visibility increases the chances that a conventional power plant will be refurbished rather than replaced by a clean energy power plant blyth et al longerterm financial support reduces financing costs for renewable energy projects varadarajan et al