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Three Winners and Losers in the Global Energy Transition

December 7, 2020
A Pangea SI Expert

Note – this article was originally published on www.charleyrattan.com

Renewable energy often uses ‘fuel’ which is essentially free. This is particularly the case for wind power which utilises abundant air flows that surround us as well as for marine generation which utilises the motion of the waves and the power of the tides in the sea. A speaker at a UK energy outlook seminar recently revealed bluntly that prices of electricity will continue to rise – then who will be the winners and who will be the losers in a rapidly changing energy landscape? This article details three examples of each:

“Winners”

1) The biggest winners will be the forward-thinking individuals and organisations who embraced the change; they may have bought a green contract (Power Purchase Agreement – PPA) or they may even be ‘prosumers’ generating their own electricity and selling it to the grid at the most opportune time. These early adopters who took advantage of the support offered to a nascent industry took the risk and those who survived, are winners.

2) Those that studied their overall energy usage and looked for efficiencies; sought best deals through switching suppliers are also winners; they were proactive and will reap the rewards.

3) The supply chain and associated host communities of renewable developments. They took the risk early and are now receiving community and employment benefits. They range from turbine manufacturers to cable suppliers and harbour communities and hinterlands – as evidenced in places such as Humberside and Lowestoft.

“Losers”

Of the ‘losers’ several historically crucial industries come to mind:

“Thinking about approaching the energy transition now can avoid missing out and instead seize the very real opportunities presented. The future is happening all around us and at a remarkable pace, and renewable energy is becoming a focal point of change. ”
Speak to the leading Wind Expert who wrote this article Expert Bio Expand

Expert Bio:
Expert is currently an independent offshore wind business advisor and trainer with 14 years’ experience in the offshore wind energy industry. Expert has worked on a range of projects including:  

-Global training focusing on de-risking offshore wind; Strategic portfolio troubleshooting for offshore wind and; Business development and bid management for offshore supply chain (including hydrogen).
-Expert has 18+ years’ senior level experience within the energy industry, mostly regarding renewables.
-Expert understands potential problems and pitfalls, as well as opportunities, offered by schemes and portfolios.

Key roles and experiences also include:

Senior Project Manager for a leading renewable energy specialists’ company

Management and stakeholder engagement of 1.6GW of nationally significant projects incorporating battery and solar technologies

Communications and reputation management for cleantech sector; represented a company at meetings of the parliamentary select committee for energy.

Advised on conceptual planning for French offshore wind farms by utilising knowledge of recent advances in offshore construction to identify operational expenditure reductions of up to 20%.

Managing the construction of £10m wind power project – built on time and to budget; successful energisation led to a 33% increase in share value.

Gained investment of £12 million for a wind farm project from a large electric utility company. Managed stakeholders throughout the consenting process for major infrastructure projects.

Simply provide your details, to get connected to this Expert.

 

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