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Navigating Merchant Risk in Australia with Dennis Freedman (Managing Director @ Aquila Clean Energy)
Episode 1
Published 1 year ago
Description
As the energy transition in Australia and New Zealand accelerates, the ability to develop, finance, and operate renewable energy projects is becoming increasingly complex. Success now demands more than technical delivery, it requires a deep understanding of market risk, community engagement, and long-term asset management.From battery storage financing to the growing importance of social license, this episode explores navigating risk, engaging communities, and why having a long-term view matters more than ever, as Australia navigates away from the traditional model of centralised coal and gas toward a more renewables centred generation stack.In this episode of Transmission, Wendel joined by Dennis Freedman, Managing Director for Australia and New Zealand at Aquila Clean Energy. Over the course of the conversation, you’ll hear about:
- Aquila Clean Energy’s approach to battery storage: Why being comfortable with merchant risk is vital and how the debt market’s view on batteries is changing.
- The challenge of modelling batteries vs. wind and solar: Why volatility and spread are what matter for storage revenues.
- Australia vs. New Zealand: Comparing two very different energy systems, from hydro dominance to nodal pricing structures.
- Social license and misinformation: Why community engagement is becoming the biggest challenge for new projects and how developers can get it right.
- The future of the grid: Why replacing coal requires not just generation, but massive investment in transmission and why politics is increasingly slowing the transition.