Industry News

Clean energy is out performing fossil fuels in American, British and European stock markets


enewable power is outperforming fossil fuels in major American and European stock

markets, but total investment in clean energy is still falling well short of the level needed to put the world’s energy system on a sustainable path, according to new research from the Centre for Climate Finance and Investment at Imperial College Business School (Imperial). The research, in partnership with

the International Energy Agency, is the first in a series of insights led by Imperial examining the financial attractiveness of the renewable power sector. In its report, the

performance of listed companies in the US, UK, and Germany & France engaged in fossil fuel supply was analysed versus those active in renewable power over the past ten years. The results indicate that renewable power shares have offered investors significantly higher total returns relative to fossil fuels. Just as importantly, annualised volatility is also lower across the board. Furthermore, an analysis of the US

portfolio over the period January-April, 2020 shows that renewable power companies held up better than fossil fuel companies during the COVID-19 pandemic, which suppressed demand and generated unprecedented losses for the oil industry.

The analysis identified a set of

key challenges for investors seeking to increase stock market allocations towards renewables, including: The renewables listed universe

today is small cap / low liquidity. With the regulations facing most asset managers and institutional investors, most renewable energy securities would not be an eligible investment. There is a lack of depth in the

renewables universe in public equity markets. While a larger set of opportunities exist in private equity markets, they are not accessible to individual investors. Dr Charles Donovan, Executive Director of the Centre for Climate

Finance and Investment at Imperial College Business School, said: “There’s momentum gathering behind renewable power, based on its economic advantages. Our results show that renewable power is outperforming financially, but has still not attracted sizable support from listed equity investors. The research highlights the

challenges facing investors of accessing the growth potential of the renewable power sector via public equity markets. Existing norms in the investment industry will have to change to provide savers and pensioners with better ways to participate in the upsides from a clean energy transition.”

Investment in mobile shredder to boost recycling

Recycling specialist Ragg GmbH has invested in a new mobile shredder from UNTHA, as the experienced waste management firm seeks to boost material throughput across its Austrian sites. Formed as a small scrap dealership

in 1947, Ragg is no stranger to the collection and processing of ‘waste’ for remanufacturing, but fast forward to 2020, and the organisation employs 110 people across four sites, including a timber processing yard in Hall which has been operational since the mid- 2000s. Aware that its incumbent

shredding technology was reaching the end of its useful life, operation manager Clemens Gritsch began the search for a new, energy efficient machine to replace Ragg’s existing

8 Forest Bioenergy Review Summer 2020

post-shredding unit. Impressed with the cost-effective,

environmentally-friendly capabilities of UNTHA’s electric drive XR3000C mobil-e, Ragg proceeded to invest in the machine to reduce the fuel consumption and noise levels of the waste processing plant. Reduced wear and increased

throughputs have also been added benefits of the new shredding investment.

“The fact that the new machine

is slow-running, rather than fast- running like our old unit, was an important factor in our decision. The shredding of our input material has improved significantly. In our old unit, we were also using a mobile pre-shredder, which we would operate off-site at times. During those periods, the plant would stand still”, explained Clemens. Now, however, the plant can

continue to run as the XR can be fed directly with waste wood. Throughputs of 25-35 tonnes per hour have been achieved, and the XR’s flexible fraction sizing means Ragg can satisfy a range of output specifications ranging from biomass fuels through to chipboard manufacturing materials. Keen to really put the flexibility

of this mobile unit to the test, Ragg will now send the XR ‘on the road’, with Innsbruck the next destination for the waste shredding machine. Here, the technology – with

in-built crawler tracks – will be integrated with ease into the plant to process wider recyclables, including rubber. “Energy efficiency, easy

accessibility for maintenance and service, and minimal downtime are other benefits that stand out,” added Clemens. “For a traditional company like Ragg, we were also pleased that these quality shredders are made right here in Austria.” This is the second UNTHA machine purchased by Ragg, as an UNTHA RS50 four shaft shredder is also already in operation.

Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24