Macquarie Group Moves Deeper Into Renewables

first_img FacebookTwitterLinkedInEmailPrint分享Australian Financial Review:When shares in Macquarie Group came within a whisker of cracking the $100 mark on Friday it was a sign of the growing market confidence that its 14,000 employees in 27 countries would continue to prove adept at making humungous amounts of money. Macquarie stock hit an intra-day high of $99.75 on Friday, about 50¢ higher than the previous record high set in May 2007.The move toward $100 a share comes soon after Macquarie employees sent a clear message to chief executive Nicholas Moore to direct the bank’s energies toward servicing a low-carbon economy.Employees were asked where the best money-making opportunities would be in the years ahead. They came back with three words – renewables, infrastructure and technology.In calendar 2016, the total amount of new investment in renewable energy projects in the world was $US240 billion, according to Tim Bishop, who heads Macquarie Capital. He said that outstripped the $US180billion invested in all other infrastructure projects in the world including rail, ports and airports.Bishop says the growth rates baked into renewable expansion are hard to comprehend. Macquarie’s own forecasts are for $US1 trillion in investment in renewables infrastructure over the next five years. Bishop says about $US600 billion of this will be in Asia.Earlier this year a Macquarie-led consortium comprising Macquarie Group, Macquarie European Infrastructure Fund 5 and Universities Superannuation Scheme completed the acquisition of the UK Green Investment Bank from the British government for £2.3 billion.Bishop says this acquisition was a turning point for Macquarie in Europe because it not only acquired one of the region’s largest group of bankers with expertise in renewables it got control of a pipeline of renewable projects.If Macquarie plays its cards right it could well become the global leader in financing green infrastructure projects using a combination of debt and equity. This would give it a distinctive differentiation from other investment banks in the United States, Europe and Asia.To be brutally honest these banks are caught up with traditional business models focused on high-risk trading in financial markets and fighting to win the next M&A transaction. Macquarie has an opportunity to dominate the renewable energy space because of its unique business model. That model has evolved rapidly since the global financial crisis.Its specialist alternative asset manager, Macquarie Infrastructure and Real Assets, is a leading renewable energy investor. Since 2010 it has invested or arranged about $15 billion of investment into renewable energy projects.Moore says that the past 12 months has seen a tipping point in the relative attractiveness of renewable energy.“There’s a number of important landmarks that we’ve seen in recent times that really shows that green energy is coming into its own,” he says. “There was an auction for offshore power in Germany in the last 12 months which was significant. This auction was for offshore wind power – wind farms built in the North Sea. We noted that the winner actually was with a zero subsidy from the government.”More ($): Macquarie Group sees big dollars in renewable energy investment Macquarie Group Moves Deeper Into Renewableslast_img read more

House raid nets firearm, bullets

first_imgA 45-caliber pistol with two magazinesand 10 live bullets were confiscated from the house, the report added.  Armed with a search warrant, officersof the municipal police station raided the house of 35-year-old Raul Gonzagaaround 6:30 a.m. on Sunday, a police report showed.  Gonzaga failed to show pertinentpapers proving his legal ownership of the weapon, police said. Police officers served the warrantissued by Judge Cyclamen Jison-Fernandez of the Regional Trial Court in LaCarlota City, Negros Occidental dated Oct. 10, 2019.center_img BACOLOD City – Police arrested a manin a house raid in Barangay Tinongan, Isabela, Negros Occidental. The suspect was detained in the lockupfacility of the Isabela police station, facing charges for violation ofRepublic Act 10591, or the Comprehensive Firearms and Ammunition RegulationAct./PNlast_img read more

Freshman Turris show’s he’s legit

first_imgHail to firewagon hockey.For the first time since Mike Eaves took over the head coaching position of the UW men’s hockey program, the team plays with a high-flying, up-and-down attack.Unquestionably, the 13,500-plus fans who went to the Kohl Center Saturday night have an idea what I mean when I say that the men’s hockey team is exciting to watch. For the rest of you who don’t, and perhaps will never attend a game, you’re about to find out. Of course it’s early in the year, but watching Eaves’ energetic bunch this past weekend made me realize that wasn’t kidding when it said this team has talent. First line, second line, third line — it doesn’t matter — these Badgers are going to score.Just look at the numbers put up against Robert Morris College. The Badgers scored 15 goals — eight on power plays — over two games to rip the Colonials 7-2 and 8-2.Nine different players scored at least one point, including six of the seven freshmen who played outside of the net (rookie Scott Gudmandson started in goal for the first time and picked up a win Saturday). Eight of the nine have either scored a point or win.Through four games this season, Wisconsin has accumulated nearly one-fourth of last year’s goal output in one-tenth the time. No, Robert Morris isn’t a great team — nothing like what Wisconsin will see in the WCHA. However, the Colonials are good enough to beat eighth-ranked Boston University, and they’re good enough to contend with many other ranked schools.Statistically speaking, this group has more talent than Wisconsin’s ’99-00 squad that had the likes of NHL stars Steve Reinprecht and Dany Heatley on it. Those offensive-oriented Badgers scored 19 goals in the season’s first four games compared to 22 scored by this year’s team.So too does the 2005-06 championship team pale in comparison. It took it seven games to reach 22 goals.More captivating than the goals they have scored is the way they play. These Badgers remind me of how the Soviets were described in the 1980 Olympics: talented, fast, dynamic — but with the United States’ team’s spirit, innocent and not willing to lose.Freshman center Kyle Turris is simply dazzling. He is everything the program could have hoped for and more (unlike Wisconsin’s last first-round pick, Jack Skille). He beats everyone to the puck with an effortless ease reserved for a soaring eagle, and his awareness is better than the Daredevil’s (whose only superpower is that his other senses are enhanced).All told, Turris’ talents have translated into a national-best 12 points — three more than his closest competition, Kevin Clark of Alaska-Anchorage — in four games.Turris may be the fuel that lights the firewagon hockey the Badgers play, but the crazy thing is he’s not the only one torching the competition.Linemates Brendan Smith and Kyle Klubertanz zip pucks through walls of defenders to find open teammates in front of the net. The two blue liners have combined for three goals and eight assists.And then there’s little Patrick Johnson. The 5-foot-9, 155-pound freshman plays like he’s 6-foot-5, according to UW head coach Mike Eaves; he has the no fear mindset, despite being smaller than just about everyone on the ice. The Madison native and son of former UW and 1980 Winter Olympic great Mark Johnson has provided an instant spark on Wisconsin’s second line, scoring five points.Simply, everyone is the beneficiary of stronger play. Players like sophomore Blake Geoffrion have seen the biggest jump in production. All of last season he scored six points. Saturday alone, he tallied five.“I have to give a lot of credit to my linemates,” Geoffrion said following his career night. “It’s good that they have my back, and we just have to keep it going.”While the season and team are young, don’t let that fool you. Turris and company are rocking, and I’m not sure that anyone can stop them.Kevin Hagstrom is a senior double majoring in journalism and economics. He can be reached to talk firewagon hockey at read more