IHS Markit : CEO of One of World's Largest Electric Companies on Being a Renewable Energy “Supermajor”
INFO
Francesco Starace speaks with IHS Markit Vice Chairman Daniel Yergin for a new edition of CERAWeek Conversations – available at https://ondemand.ceraweek.com/cwc
The CEO of Enel—one of the world’s largest electric power companies—discusses what it means to be a renewable energy and renewable power “supermajor” in the latest edition of CERAWeek Conversations.
In a conversation with Daniel Yergin, vice chairman, IHS Markit (NYSE: INFO), Enel CEO Francesco Starace talks about decarbonizing electricity grids through large-scale renewable investments; the “less-obvious” role that improved materials play alongside digital advances; and financial innovations in the sustainable development bond market.
Starace also shares his thoughts on the momentum for energy transition and the European Union’s “Fit for 55” emissions reduction target, which he believes is achievable. “It’s not a big deal. It would be best for Europe,” he says.
He also discusses his outlook for hydrogen; “hand-in-hand” collaborations with electric vehicle manufacturers; and his thoughts on traditional oil and gas companies entering the renewable power generation space.
“[Oil and gas companies] are much better to have as competitors rather than the wild bunch that we have today,” he says. Today we have all developers. Anyone who wants to build a project and sell it can do that. They don’t really care about returns or dividends over 20-30 years.
“They just want to build and sell,” he continues. “A utility has a different view. And an oil and gas company has more discipline and value to shareholders that they need to [maintain]. It would be much better for the sector if the expanding space would be filled by rational, experienced players rather than another bunch of cowboys that we’ve had so far.”
“A growing shortage of people,” he observes, is “the bottleneck of the industry today.”
The complete video is available at: https://ondemand.ceraweek.com/cwc
Podcast version available: CERAWeek Conversations is also available via audio podcast on Apple Podcasts, Google Podcasts, Soundcloud, Spotify and Stitcher.
Selected excerpts:
Interview Recorded Wednesday, September 8, 2021
(Edited slightly for brevity only)
Watch the complete video at: https://ondemand.ceraweek.com/cwc
Recent CERAWeek Conversations segments also include:
About CERAWeek Conversations:
CERAWeek Conversations features original interviews and discussion with energy industry leaders, government officials and policymakers, leaders from the technology, financial and industrial communities—and energy technology innovators.
The series is produced by the team responsible for the world’s preeminent energy conference, CERAWeek by IHS Markit.
The complete episode library is available at https://ondemand.ceraweek.com/cwc.
CERAWeek Conversations is also available via audio podcast on Apple Podcasts, Google Podcasts, Soundcloud, Spotify and Stitcher.
About IHS Markit (www.ihsmarkit.com)
IHS Markit (NYSE: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.
IHS Markit is a registered trademark of IHS Markit Ltd. and/or its affiliates. All other company and product names may be trademarks of their respective owners © 2021 IHS Markit Ltd. All rights reserved.
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