Macquarie CEO Sees Focus on Offshore Wind’s Untapped Markets
- Declining costs will help expand deployment of technology
- Bank examining options for projects in Australia, CEO says
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One of the world’s biggest investors in renewable energy is focusing on opportunities to expand offshore wind into new markets as clean power costs decline.
“Wind and solar now are at a point where the costs have come down to now being the default choice of rational actors,” Macquarie Group Ltd. Chief Executive Officer Shemara Wikramanayake said Friday on a webinar. In offshore wind, the bank will focus on enabling infrastructure and facilitating installations in so-far undeveloped markets, she said.