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Green Is Good for Power Traders Chasing $430 Billion Market

  • Shell, Vitol on hiring sprees to cash in on renewables
  • Traders guaranteed as much as $3 million for changing jobs
EDF SA Tricastin Nuclear Power Plant Ahead of French Government Expansion Ruling
Photographer: Nathan Laine/Bloomberg

The itch is back for Paul Mead. After almost a decade investing in vineyards and startups in his native New Zealand, the former Barclays Plc and Enron Corp. trader wants to return to the power market.

What’s luring Mead is the realization that efforts to slow global warming through renewable energy and electrification are creating new ways to make money in Europe’s $430 billion power market. Stricter climate targets are spurring investments in wind turbines, solar panels and battery systems, with Bloomberg Intelligence estimating the market may almost double in size in the next 10 years.