October 4th, 2018 Macquarie and Green Investment Group hosted our first Green Energy Conference in London bringing together thought leaders in the green finance space to discuss what is next for the industry.
During the conference, we spoke to attendees and speakers about what the next big things in renewables are, and what needs to move more quickly to accelerate the transition to a low carbon economy.
What are the big developments for the renewables industry over the next few years?
Making the shift to becoming a subsidy free industry, and corporates driving the procurement of renewable power through PPAs are two megatrends.
Danielle Lane, Vattenfall:
The biggest challenge ahead of us is making that big step from being a subsidised industry to being subsidy free."
Batteries & storage are set to make a huge impact on renewables in the next few years.
Claire Mack, Scottish Renewables:
It’s really hard to argue that anything other than smart systems and storage will be the next big developments in our industry."
What needs to move more quickly to accelerate the transition to a greener global economy?
The speed of project delivery, investment, market design, collaboration or all of the above?
Sir John Armitt:
It's about the level of investment in research and the level of investment needed to make those technical breakthroughs. It will happen, but we need it to happen faster, because if it doesn't happen faster, there's a danger that we'll fall back on traditional technology."