The big boys start looking at green energy investment including MQG. This morning article in The Aus Big corporate contracts to power green investment: Macquarie
Ed Northam, head of green investment at Macquarie, at the Australian Clean Energy Summit in Sydney yesterday. Picture: James Croucher
Green power investment will be increasingly backed by long-term contracts with big corporate users as government subsidies decline, according to the European head of Macquarie Group’s new green energy group.
Ed Northam, who helped set up the British government’s Green Energy Bank, said stretching or extending national targets for renewable energy generation would also be a key to ensuring continued investment for the renewal of the electricity system.
In his first interview since GEB was bought by Macquarie from the British government last year for $4.07 billion, Mr Northam said public targets provided vital support for investors, supply chains and equipment manufacturers.
NEW Price at posting:
$1.45 Sentiment: Buy Disclosure: Held