Already a subscriber?Renewable energy developers insist momentum is building in the clean energy build-out with several billions of dollars worth of projects due to close in the next few years, representing a turnaround from the near 80 per cent plunge in activity last year.
“Then after that, every year, just from our development book coming into financial close we for the next four or five years have about $1 billion of assets hitting the market.”Mr Pollington agreed that while the expansion of clean energy capacity “has not been as fast as everyone would like, there is momentum building”.“But ...
“But more worrying is the fact that we don’t currently see a path to meaningfully decarbonising hard-to-abate industrial sectors and electrifying the vehicle fleet will take decades.”“Technological advancements and policy initiatives are steering the forecast in that direction, but the cost of transition will be high, and we’re yet to see who is willing to pay,” he said.