‘We’re going to need more floating offshore wind capacity’
IG’s Angeline Ong catches up with Octopus Renewables Infrastructure Trust’s David Bird to discuss why he thinks the world is going to need more floating offshore wind capacity, and what opportunities this will lead to.
Bird also explains why he thinks current share prices do not reflect the real value of the sector.
(AI Video Summary)
Discussing floating offshore wind investments
In the episode of IG's "Trading the markets," David Bird from Octopus Renewables Infrastructure Trust discusses the growing importance and investment appeal of renewable energy, underscored by the cost of living crisis and energy independence from fossil fuels.
Despite political shifts like a potential Trump re-election advocating for increased fossil fuel drilling, the momentum for renewables remains strong, particularly in Europe. Bird highlights significant investments in emerging technologies like floating offshore wind, which could play a crucial role in future energy mixes.
Financial performance
The conversation also touches on the financial performance of Octopus Renewables, noting a positive NAV return with a slight decline in shareholder return but emphasising strong future potential amid undervalued share prices and inflation-aligned dividends.
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