Problems. Solved.

two or three years have been chaotic with Covid – we saw a collapse in the power price and then a spike in power process in the last six months, and the market intervention that has taken place across Europe in different ways. There is a lack of consistency across approaches, and we are still trying to grapple with how the Electricity Generator Levy and the price caps in Europe will affect our business. Governments across Europe, and eventually across the world, will drive this investment and we are keen to continue investing. We have been successful through the three-year period and there is significant interest in the space.”

Today, according to the International Energy Agency, renewable power is still only 5.2% of the global mix. Clearly, there is a long and strong upward trajectory for the technologies that are already in place, and there remains significant attractive prospects for investors across the industry. With Equitix, there is proven reliability and success, and the company continues to hunt for expansion while achieving its vision of lasting legacy.

“We are exploring if there are other parts of the supply chain that we can invest in. In the past, we have looked at deals involving provision of service operation vessels for offshore wind –we can see there is a huge gap in the market in the UK, Europe, and further afield as the markets in the US and Far East take off,” Wakefield concludes.