Veteran Bankers Are Taking Up Jobs In Renewables

Started by Solar, February 12, 2022, 04:29:54 AM

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Solar

The Big Lie!!!

I don't know who thinks this is reality, but truth is, without govt funding, there wouldn't be any "Green Lies"!
This is a manufactured industry, existing solely on taxpayers dollars.
Bottom-line here?
These so called bankers are vultures, where there's a carcass to pick clean, they'll be there until the money dries up.

Europe, for whatever reason is throwing billions at this dying industry, that being the "Green Energy" industry, an industry solely created out of whole cloth.
Like that of AGW, most of us know it as man made global warming (CO2), or the CCP flu, no more deadly than any other seasonal flu.
Anything the govt claims to be a crisis, be assured there's money in it for everyone but the tax payer.

Veteran bankers who have advised mega-deals in oil and gas are starting to take up jobs as advisers of mergers and acquisitions in renewables as the energy industry globally is increasingly focused on growing low-carbon businesses. 

The global push toward cleaner energy and net-zero emissions has created a kind of transition dilemma for bankers, too. Some have moved from advising oil and gas firms on multi-billion deals to working with customers on smaller-scale renewables deals.

While the total value of deals in the clean energy sector has jumped over the past few years, it is still just a fraction of the value of the mega-deals in the oil and gas industry. On the other hand, the growing net-zero emissions and ESG trends are promising much more work for bankers in renewables in the coming decades, while the field and scope of work in fossil fuels will narrow, bankers say.

"When you are in traditional oil and gas that field is inevitably going to narrow over time with the move to net zero," Ralph Ibendahl, Managing Director & Head, EMEA Energy Transition at RBC Capital Markets, told Reuters.

Renewables On The Rise
"If you're a renewables banker you are going to be busy for the next 30-plus years," Ibendahl added.

Although Europe has seen a surge in renewable capacity installations in recent years and renewable power in the EU exceeded electricity generated from fossil fuels for the first time in 2020, Europe will still need significant clean energy capacity, Ibendahl said last year.

"Europe needs to potentially quadruple renewable capacity additions between now and 2050 compared to what's been installed in the last 10 years. That's going to take a lot of capital," he noted.

A lot of capital, private investment, and acquisitions of start-ups will shape the renewable energy sector in the coming decades. Forecasts estimate that investments in clean energy need to at least triple if the world has any chance of achieving net-zero emissions.

Point being, without govt none of these lies would exist, so don't buy the lies.


Veteran bankers who have advised mega-deals in oil and gas are starting to take up jobs as advisers of mergers and acquisitions in renewables as the energy industry globally is increasingly focused on growing low-carbon businesses. 



The global push toward cleaner energy and net-zero emissions has created a kind of transition dilemma for bankers, too. Some have moved from advising oil and gas firms on multi-billion deals to working with customers on smaller-scale renewables deals.

While the total value of deals in the clean energy sector has jumped over the past few years, it is still just a fraction of the value of the mega-deals in the oil and gas industry. On the other hand, the growing net-zero emissions and ESG trends are promising much more work for bankers in renewables in the coming decades, while the field and scope of work in fossil fuels will narrow, bankers say.

"When you are in traditional oil and gas that field is inevitably going to narrow over time with the move to net zero," Ralph Ibendahl, Managing Director & Head, EMEA Energy Transition at RBC Capital Markets, told Reuters.

Renewables On The Rise
"If you're a renewables banker you are going to be busy for the next 30-plus years," Ibendahl added.

Although Europe has seen a surge in renewable capacity installations in recent years and renewable power in the EU exceeded electricity generated from fossil fuels for the first time in 2020, Europe will still need significant clean energy capacity, Ibendahl said last year.

"Europe needs to potentially quadruple renewable capacity additions between now and 2050 compared to what's been installed in the last 10 years. That's going to take a lot of capital," he noted.

A lot of capital, private investment, and acquisitions of start-ups will shape the renewable energy sector in the coming decades. Forecasts estimate that investments in clean energy need to at least triple if the world has any chance of achieving net-zero emissions.

https://oilprice.com/Energy/Energy-General/Veteran-Bankers-Are-Taking-Up-Jobs-In-Renewables.html
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