Tuesday, March 04, 2008

Turnberry conference


Just back from the Turnberry Infrastructure Journal conference. The photo was taken from my hotel room and shows the snow on Arran's Goat Fell this morning. Lovely.

Lots of interesting presentations and people to meet - developers, manufacturers, funds, but (shockingly) nobody from Government (except the European Commission).

Eddie O'Connor wasn't short of opinions, and when you've just sold a £1 billion business which you've built over seven years, you've got a right to be heard!

Lots of infrastructure funds were there, showing a real interest in renewables of all kinds, although a real warning shot to the UK industry that clarity of incentive was vital to attracting internationally mobile capital.

Lots of reminders, too, about how much additional renewables capacity is going to be required to meet the 15% of all energy from renewables targets. Roughly 40-45% of electricity from renewables would do the trick (cue Eddie on the need for an offshore SuperGrid).

One last thought: Chinese demand growth is equivalent to a new Germany in demand each year. Astonishing, but what a market opportunity.

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