Name: Driving long-term returns in renewable energy
Uploaded: 2024-10-23T11:12:54.321Z
Duration: 182.2

Recep.mp4

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Recep.vtt

English

{{00:00:12}}
I will say two things.

{{00:00:13}}
I think the most important one for
us is the source of revenue and the

{{00:00:17}}
stability and the quality of the revenues.

{{00:00:20}}
We will, we would look at projects
with good long term contracts or

{{00:00:26}}
revenue sources that we can rely on.

{{00:00:28}}
And I will say that's
the most important thing.

{{00:00:30}}
Secondly, understanding the technology
and and the expense profile of the

{{00:00:36}}
technology on the long run to maintain
these projects is quite important.

{{00:00:40}}
So we would really would like to
invest in well understood technologies

{{00:00:44}}
that has a known expense profile
so we can calculate the the profits

{{00:00:49}}
of the project appropriately.

{{00:00:59}}
I wouldn't say it really changed our
attitude towards renewable energy.

{{00:01:03}}
I think both us and the market
has been investing in U.

{{00:01:07}}
S.

{{00:01:07}}
renewables in particular.

{{00:01:09}}
Quite before the IRA Act, and
I think there were some similar

{{00:01:12}}
initiatives in Europe even before.

{{00:01:15}}
I think I would say these
turbocharged the investment.

{{00:01:18}}
It certainly accelerated the pace
of capital into the industry.

{{00:01:23}}
And I wouldn't say it changed the
number of deals that we would do or the

{{00:01:28}}
amount of money that we would deploy.

{{00:01:30}}
But certainly it had an impact on
maybe using panels that are more

{{00:01:34}}
manufactured, in our case in the U.

{{00:01:37}}
S.

{{00:01:38}}
as there were certain specific incentives
to create more manufacturing of

{{00:01:43}}
renewable energy technologies onshore,
in this case, either in US or Europe,

{{00:01:48}}
rather than importing them from Asia.

{{00:01:50}}
I think there has been maybe a change
in that, but otherwise, I don't know.

{{00:01:53}}
For us renewable energy has been
a source of, kind of interest

{{00:01:59}}
even before this kind of passed.

{{00:02:09}}
Yeah, I guess my answer
has been a bit more U.

{{00:02:11}}
S.

{{00:02:12}}
centric as I'm based in the U.

{{00:02:13}}
S., and in the U.

{{00:02:14}}
S.

{{00:02:14}}
energy I think energy storage actually
is the preferred choice for now.

{{00:02:19}}
I think green hydrogen is seen as a
bit more novel technology which might

{{00:02:23}}
have some future implications, but
the actual cost of green hydrogen

{{00:02:27}}
is perceived to be uneconomical.

{{00:02:31}}
Having said that, on the energy
storage side, on the battery side,

{{00:02:34}}
I think the cost has come down
significantly over the past couple

{{00:02:38}}
of years and the deployment of energy
storage is quite widespread in the U.

{{00:02:43}}
S.

{{00:02:43}}
and I think it has been a good solution
for many of the power markets in the U.

{{00:02:48}}
S.

{{00:02:48}}
where they need firm capacity
support as the systems are

{{00:02:54}}
integrating more and more renewables.

I think the most important one for
us is the source of revenue and the

stability and the quality of the revenues.

We will, we would look at projects
with good long term contracts or

And I will say that's
the most important thing.

Secondly, understanding the technology
and and the expense profile of the

technology on the long run to maintain
these projects is quite important.

So we would really would like to
invest in well understood technologies

that has a known expense profile
so we can calculate the the profits

I wouldn't say it really changed our
attitude towards renewable energy.

I think both us and the market
has been investing in U.

Quite before the IRA Act, and
I think there were some similar

I think I would say these
turbocharged the investment.

It certainly accelerated the pace
of capital into the industry.

And I wouldn't say it changed the
number of deals that we would do or the

But certainly it had an impact on
maybe using panels that are more

as there were certain specific incentives
to create more manufacturing of

renewable energy technologies onshore,
in this case, either in US or Europe,

I think there has been maybe a change
in that, but otherwise, I don't know.

For us renewable energy has been
a source of, kind of interest

Yeah, I guess my answer
has been a bit more U.

energy I think energy storage actually
is the preferred choice for now.

I think green hydrogen is seen as a
bit more novel technology which might

have some future implications, but
the actual cost of green hydrogen

Having said that, on the energy
storage side, on the battery side,

I think the cost has come down
significantly over the past couple

of years and the deployment of energy
storage is quite widespread in the U.

and I think it has been a good solution
for many of the power markets in the U.

where they need firm capacity
support as the systems are

Expert Insight

Curious about what it takes to pick winning renewable energy projects? In this interview, Recep Kendircioglu, Global Head of Infrastructure Equity at Manulife Investment Management, shares key criteria for selecting projects with lasting returns, discusses the impact of the RePower EU Green Deal and U.S. Inflation Reduction Act, and explores how technologies like energy storage and green hydrogen are transforming the sector.

Want to hear more? Register for next year at www.superreturninfra.com 

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