UBS on Green Energy: From “A Wave of Capital” to “Sluggish Rollout” in Just 4 Years
14 hours ago
Essay by Eric Worrall
I wonder how investors who bet on UBS’ 2020 imminent green energy boom hype feel today?
Power prices to surge amid sluggish rollout of clean energy: UBS
Angela Macdonald-Smith Senior resources writer
Jul 1, 2024 – 5.01pm
The sluggish buildout of clean energy generation will drive up wholesale power prices far more than expected by the end of the decade, leaving households with little chance of bill relief beyond this year’s pause.
Analysts at UBS now expect prices to peak at $104 per megawatt hour by 2029, 20 per cent higher than this year’s forecast and almost 50 per cent more than 2023.
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“Delay in the buildout of transmission networks and renewable generation drive the continued increase in prices, particularly during peak net-demand hours during the day,” he wrote, pointing to delays in the development of projects such as Snowy 2.0 and the Central-West Orana Renewable Energy Zone in NSW.
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Read more:
https://www.afr.com/companies/energy/slow-clean-energy-rollout-means-20pc-bill-surge-this-decade-ubs-20240701-p5jq2yBack in 2020 it was a very different story;
https://wattsupwiththat.com/2024/07/01/ubs-on-green-energy-from-a-wave-of-capital-to-sluggish-rollout-in-just-4-years/
