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Renewables business model evolution an ‘earthquake’ for power sector

October 9, 2018

 

The evolution of business models in the renewables sector has served as an “earthquake” for the power sector, forcing utilities to take notice.

 

That was the conclusion of a panel discussing energy company strategy at yesterday’s BNEF Future of Energy Summit in London, where senior execs of some of Europe’s largest power providers discussed how the transition to cleaner energy sources was transforming their businesses. 

 

Francesco Starace, chief executive and general manager at Italy’s Enel, said there had been an “earthquake” with what had happened to renewables business models over the last five years, remarking that some major oil and gas companies were starting to “get serious about electricity” once again.

 

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