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Thomas joined Barclays in 2009 in the EMEA Power, Utilities & Infrastructure team and has more than 25 years of investment banking work experience with Barclays, Citi and CA Investmentbank. He holds a Masters degree in Technical Mathematics from Vienna University of Technology and is a CFA charterholder.
Thomas is leading Barclays’ coverage of a number of large European utilities and advises on European M&A and capital raises in the sector including various projects in the gas transmission and distribution segment. Over the last two years he has also initiated a dialogue with developers and project companies on debt and equity capital raises in the hydrogen space.
Selected Recent Transactions
Governments across Europe, and the EU themselves, have set ambitious renewables targets for the coming decades:
Germany has pledged to "fulfil all its electricity needs with supplies from renewable sources by 2035"
Greece is aiming to have "70% renewable electricity generation" by 2030. Which is being funded by 38% of the EU's largest COVID relief grant and loan package.
Ireland has committed to 80% of energy to be from renewable sources by 2030, from the current level of 30%.
The EU intend to "cut greenhouse gas emissions by at least 55% by 2030" (compared to 1990 levels). And that Europe will become a "carbon neutral continent by 2050".
Are such targets achievable? Where is the required capital going to come from to meet them? This session will discuss what governments need to do to hit these targets and how investors can make money from getting involved.