Showing XXX items

Companies in the wind industry have made great progress in reducing costs. This is helping to grow interest in wind power among politicians and corporate off-takers. But it is also raising questions about the attractiveness of wind as an investment class, and the extent to which investors will put money into wind. We discussed this at our Financing Wind Europe event in London on 31st October.

This week, German industrial giant Siemens has announced plans to spin out its gas and power operations into a standalone company, and then list the new firm in Germany in September 2020.

What do these various deals tell us about GIG’s strategy in Europe and beyond? We caught up with Ed Northam, head of GIG in Europe and a veteran of UK GIB since it formed in 2012, to help us make sense of it.

Wind is undergoing a profound transformation. The industry has gone mainstream, which is good, but it also means developers and investors have to find new ways to preserve its growth and their profits.

The structure was launched in 2016 by a group led by Allianz Risk Transfer, which is part of German insurance giant Allianz, and including evaluation and analytics risk management firm REsurety and investment manager Nephila Climate.

The key to unlock the full potential of offshore wind in the North Sea, and elsewhere, could be linked to the development of power-to-gas technologies. Utilities, manufacturers and developers are now looking at ways to tie up offshore wind power production to hydrogen generation.