Zero: The Climate Race Making renewables a profitable bet… everywhere
10 snips
Mar 21, 2024 Exploring the launch of a $15 billion fund for clean energy expansion, the challenges and opportunities in the renewable energy sector, navigating energy market limitations, investing in renewable projects in developing markets, and accounting challenges in transitioning big energy companies to clean energy.
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Why Solar Is Scaling Faster
- Solar is the fastest-growing renewable because it is modular and far less operationally intensive than wind or hydro.
- Different renewables must scale together since intermittency requires varied generation and storage solutions.
Permits And Grids Are The Real Limits
- The principal bottlenecks for renewables are land, grids, and permits, with permits and interconnection most common.
- Storage and distributed generation are scaling fast enough to help relieve interconnection constraints.
Expanding Into New Emerging Markets
- Brookfield currently allocates roughly 20–25% of its renewables AUM to developing markets and plans to expand that.
- New mandates plus dedicated capital will let them extend into Southeast Asia, Central America and Eastern Europe.