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| Tim Bishop, Group Head, Macquarie Capital, revealed his division's "secret sauce" during an annual operational briefing. Supplied |
US President Donald
Trump might have expunged all mention of climate change from US
government websites but that has not stopped Macquarie Group from
trumpeting the $US1 trillion of investment banking opportunities in
green energy.
One of the highlights of Macquarie's annual operational briefing was the gung ho attitude to green energy shown by the group head of Macquarie Capital, Tim Bishop.
In keeping with Macquarie's direct communication strategy, Bishop's enthusiasm for everything green was first revealed to the market in a YouTube video released on Tuesday morning.
In an short and sharp interview with former ABC journalist Monica Attard, Bishop tried to explain the "secret sauce" behind the success of Macquarie Capital and why he thinks it will do well out of the greening of the global economy.
One of the highlights of Macquarie's annual operational briefing was the gung ho attitude to green energy shown by the group head of Macquarie Capital, Tim Bishop.
In keeping with Macquarie's direct communication strategy, Bishop's enthusiasm for everything green was first revealed to the market in a YouTube video released on Tuesday morning.
In an short and sharp interview with former ABC journalist Monica Attard, Bishop tried to explain the "secret sauce" behind the success of Macquarie Capital and why he thinks it will do well out of the greening of the global economy.
Bishop said the
combination of traditional investment bankers with people having deep
operational and technical expertise is something unique to Macquarie
Capital.
His presentation for
the operational briefing says Macquarie's in-house specialists include
civil engineers, geologists, project managers, surveyors, green energy
operational staff, green energy commercial managers, electrical
engineers and experts in procurement.
Bishop was asked what would drive the profitability of Macquarie Capital in the future and responded by singling out real estate and green energy.
"What is going on in green energy globally is quite an exciting story through Europe and now increasingly in Asia," Bishop said.
"And whether that is solar in Japan, or offshore wind farms in Taiwan or waste plants in Korea, we're big believers in that and we have the expertise to be able to pursue those opportunities.
Bishop was asked what would drive the profitability of Macquarie Capital in the future and responded by singling out real estate and green energy.
"What is going on in green energy globally is quite an exciting story through Europe and now increasingly in Asia," Bishop said.
"And whether that is solar in Japan, or offshore wind farms in Taiwan or waste plants in Korea, we're big believers in that and we have the expertise to be able to pursue those opportunities.
"Macquarie Capital
claims it can play in every aspect of green energy from the development
of battery, solar and waste businesses to the construction of these
projects as well as offshore wind development. Also, it can operate
green energy assets.
Bishop said the expected $US1 trillion in green energy investment expected over the next five years includes $US20 billion in Australia, $US150 billion in Europe, $US240 billion in the Americas and $US600 billion in Asia.
He did not mention the bank's troubled progress toward acquiring the Green Investment Bank in the United Kingdom.
This has been the subject of vehement opposition from UK politicians and activists.
Bishop said the expected $US1 trillion in green energy investment expected over the next five years includes $US20 billion in Australia, $US150 billion in Europe, $US240 billion in the Americas and $US600 billion in Asia.
He did not mention the bank's troubled progress toward acquiring the Green Investment Bank in the United Kingdom.
This has been the subject of vehement opposition from UK politicians and activists.
Macquarie's recent
track record in green energy investment includes Micheon, Mumbida,
8minuteenergy, Advanced Microgrid Solutions, Baltic2, Japan solar , MGT
Power, Galloper, Taiwan Wind and Racebank.
Bishop says Macquarie has in the past and will continue to use its balance sheet to get deals done in the green energy space. He says green energy has the advantage of utilising a range of skills within Macquarie Capital including M&A Advisory, principal investment, technical and operational expertise.
Bishop says Macquarie has in the past and will continue to use its balance sheet to get deals done in the green energy space. He says green energy has the advantage of utilising a range of skills within Macquarie Capital including M&A Advisory, principal investment, technical and operational expertise.
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