Future of energy, page-14

Interesting you mention Tilt there @jezyh - as they are owned by NZ infrastructure fund IFT. Agree that it is more likely to be a game of acquisition to scale (either being acquired - or bolting on other smaller players to become a larger entity).

As much as Brookfield have just exited part of their IFN holding, the quality and size of their current renewable portfolio indicates that they are willing to invest big - like their 2017 acquisition of TerraForm was for $1.4billion US and as long as the metrics are right... they have money to offer.

Australia has a political problem in attracting investment on a huge scale from the like of Brookfield... as we currently lack the political stability (and stones) to form solid energy policy and incentives to attract further large scale investment.

As it currently stands - companies struggle to plan an investment (which will take years to come to fruition) if the government of now is suggesting yes to support... but the government x years from now is more than happy to pull the rug out from the plan - Labors Carbon tax - Liberals Clean Action plan is an example - the Liberals actually started the path to carbon tax in 2006... it wasn't until 2012 that Labor got the policy in, only to be repealed by Liberal Tony Abbott in 2014... (history actually shows the carbon tax worked better than the policy replacing it)

https://www.irishtimes.com/news/environment/how-not-to-introduce-a-carbon-tax-the-australian-experience-1.3746214

I still stand by saying that IFN could certainly get a lot bigger (with the right metrics), maybe even rival AGL and Origin one day - but there is a massive difference in scale between those three right now... Australia will not attract the big fish (investment) unless they can provide policy certainty and incentives (to encourage investment) or penalties (to encourage retirement) to cause a change in the current mix.