McKinsey estimates that by 2026, global renewable-electricity capacity will rise more than 80 percent from 2020 levels, two-thirds of which will come from wind and solar.
It’s not just oil and gas companies shifting their strategies in response; institutional investors and players in manufacturing, shipping and private-equity are making renewable energy a significant element of their investment strategies. During a PERE Logistics webinar in September 2022, attendees’ renewable energy investments were focused on two areas: Solar (86%) and electric vehicle charging (14%).
Some of the biggest challenges are not only identifying and securing the land required to develop and invest in, but also acquiring these assets at speed. Land sites previously earmarked for residential or industrial purposes are being aggressively targeted by renewables investor and developers.
A skills and labour shortage may curb those organisations wishing to maximise the opportunities that new energy investments bring. 33 per cent of UK workers are at least somewhat likely to leave their current companies in the next three to six months*. The UK renewables market needs thousands of workers, at every level, to deliver on their targets.
A new mix of experience and skills are required. Investors and developers need Real Estate expertise to secure and manage assets, plus energy and infrastructure experience to ensure innovation and robust energy production.
Our founder, Tom, set up a renewables and infrastructure recruitment desk 12 years ago and has a solid track record in building multi-faceted teams with the capability and skills to deliver on new energy investments. This includes experience in attracting talent from infrastructure and private equity companies into real estate and vice-versa.
If you would like to discuss attracting senior talent into a renewables role, get in touch.
*McKinsey Quarterly, July 2022: “The Great Attrition is making hiring harder. Are you searching the right talent pools?”