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<h1>The energy transition financial advisors</h1> </div><!-- .box-content -->
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<h2 class="t-h3">PtX Faraday development equity fundraise</h2>
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Development equity </p>
<p class="t-p2">A development equity raise for a 1+ GW electrolyser project being built on the site of a …</p> </div><!-- .text-inner -->
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<h2 class="t-h3">August Energy</h2>
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Development equity </p>
<p class="t-p2">Aravest to invest and partner with August Energy with up to USD 100M of capital to …</p> </div><!-- .text-inner -->
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<h2 class="t-h3">Quasar (sell-side)</h2>
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M&A advisory </p>
<p class="t-p2">Sell-side advisory mandate for the 100% divestment of Yanco Delta Wind Farm (‘’Yanco …</p> </div><!-- .text-inner -->
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<p class="t-s1">Featured project</p>
<h2 class="t-h3">Loop</h2>
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Debt advisory </p>
<p class="t-p2">We helped promising Geothermal scale-up "Eavor" raise non-recourse debt for the …</p> </div><!-- .text-inner -->
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<p class="t-s1 tcolor-lila">What we do</p> <h2 class="t-h1">We get deals done!</h2> <div class="mt-2"><p>Green Giraffe Advisory is the pioneering advisory arm of the Green Giraffe Group, dedicated to pushing the next frontier in finance. We are the premier financial advisor for energy transition projects and investors. We offer bespoke financial advice, market intelligence and development services in all renewable and energy transition technologies </p>
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<a href="https://green-giraffe.com/who-we-are/" class="btn btn-primary btn-color-lila btn-hover btn-hover-1 btn-hover-color-black mt-2 mt-3-md"><span>Read more</span></a><br class="is-visible-xxs">
<a href="https://green-giraffe.com/wp-content/uploads/2024/11/241126-Green-Giraffe-Advisory-Introduction.pdf" target="" class="btn btn-primary btn-color-lila btn-hover btn-hover-1 btn-hover-color-black mt-2 mt-3-md"><span>Download our brochure</span></a>
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<p class="t-s1">Countries</p>
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<p class="t-number t-h2 mt-2" id="id-1">360+</p>
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<p class="t-number t-h2 mt-2" id="id-2">310+ GW</p>
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<p class="t-s1">Renewable capacity</p>
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<p class="t-s1">Who we are</p> <h2 class="t-h1">Green Giraffe Advisory draws its strength from its international team</h2> <p>Green Giraffe Advisory is an independent financial advisory company, focused on helping clients shape the energy transition. Based in offices on 5 continents, Green Giraffe Advisory is built on the expertise of 110+ professionals with project & corporate finance, M&A, tendering, contracting and legal backgrounds</p>
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<a href="https://green-giraffe.com/who-we-are/meet-the-team/" class="btn btn-primary btn-color-lila btn-hover btn-hover-1 btn-hover-color-black mt-2"><span>Meet our team</span></a>
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<h2 class="t-s2 tcolor-lila">Our Services</h2>
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<text class="text sector-other tcolor-white" xml:space="preserve" style="white-space: pre" font-family="Avenir Next" font-size="32" font-weight="bold" letter-spacing="0px"><tspan x="1597.52" y="679.237">Other</tspan></text>
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<text class="text sector-storage-and-grid tcolor-white" xml:space="preserve" style="white-space: pre" font-family="Avenir Next" font-size="32" font-weight="bold" letter-spacing="0px"><tspan x="707.859" y="833.176">Storage </tspan><tspan x="719.859" y="871.176">& grid</tspan></text>
<text class="text sector-solar tcolor-white" xml:space="preserve" style="white-space: pre" font-family="Avenir Next" font-size="32" font-weight="bold" letter-spacing="0px"><tspan x="1204.52" y="732.482">Solar</tspan></text>
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<text class="text sector-onshore tcolor-white" xml:space="preserve" style="white-space: pre" font-family="Avenir Next" font-size="32" font-weight="bold" letter-spacing="0px"><tspan x="1271.66" y="448.482">Onshore</tspan></text>
<text class="text sector-offshore tcolor-white" id="Offshore" fill="white" xml:space="preserve" style="white-space: pre" font-family="Avenir Next" font-size="32" font-weight="bold" letter-spacing="0px"><tspan x="584.833" y="545.63">Offshore</tspan></text>
<text class="text sector-e-mobility tcolor-white" id="e-Mobility" fill="white" xml:space="preserve" style="white-space: pre" font-family="Avenir Next" font-size="32" font-weight="bold" letter-spacing="0px"><tspan x="900.041" y="520.876">e-Mobility</tspan></text>
<text class="text sector-hydrogen tcolor-white" xml:space="preserve" style="white-space: pre" font-family="Avenir Next" font-size="32" font-weight="bold" letter-spacing="0px"><tspan x="1100" y="940">Hydrogen</tspan><tspan x="1108" y="978">& e-fuels</tspan></text>
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<a class="sector-tile bgimage tcolor-white" href="https://green-giraffe.com/sector/e-mobility/" title="e-Mobility" style="background-image: url( 'https://green-giraffe.com/wp-content/uploads/2023/01/Other-GettyImages-1173753100-1-scaled-e1675333499813-860x574.jpg' );">
<h3 class="sector-title tcolor-white">e-Mobility</h3>
</a>
<a class="sector-tile bgimage tcolor-white" href="https://green-giraffe.com/sector/hydrogen/" title="Hydrogen and e-fuels" style="background-image: url( 'https://green-giraffe.com/wp-content/uploads/2022/03/shutterstock_1961087689-1-860x574.jpg' );">
<h3 class="sector-title tcolor-white">Hydrogen and e-fuels</h3>
</a>
<a class="sector-tile bgimage tcolor-white" href="https://green-giraffe.com/sector/offshore/" title="Offshore" style="background-image: url( 'https://green-giraffe.com/wp-content/uploads/2020/11/sector-offshore-teaser-815x574.jpg' );">
<h3 class="sector-title tcolor-white">Offshore</h3>
</a>
<a class="sector-tile bgimage tcolor-white" href="https://green-giraffe.com/sector/onshore/" title="Onshore" style="background-image: url( 'https://green-giraffe.com/wp-content/uploads/2021/02/Onshore-offset_992182_Teaser-860x574.jpg' );">
<h3 class="sector-title tcolor-white">Onshore</h3>
</a>
<a class="sector-tile bgimage tcolor-white" href="https://green-giraffe.com/sector/floating/" title="Floating" style="background-image: url( 'https://green-giraffe.com/wp-content/uploads/2021/02/Floating-courtesy-of-PPI_Teaser-860x574.jpg' );">
<h3 class="sector-title tcolor-white">Floating</h3>
</a>
<a class="sector-tile bgimage tcolor-white" href="https://green-giraffe.com/sector/solar/" title="Solar" style="background-image: url( 'https://green-giraffe.com/wp-content/uploads/2021/02/Solar-GettyImages-521691937_Teaser-860x574.jpg' );">
<h3 class="sector-title tcolor-white">Solar</h3>
</a>
<a class="sector-tile bgimage tcolor-white" href="https://green-giraffe.com/sector/storage-and-grid/" title="Storage & grid" style="background-image: url( 'https://green-giraffe.com/wp-content/uploads/2021/02/Storage-grid-Highresolution-Golfbaan-NJ-_Teaser-860x574.jpg' );">
<h3 class="sector-title tcolor-white">Storage & grid</h3>
</a>
<a class="sector-tile bgimage tcolor-white" href="https://green-giraffe.com/sector/bioenergy/" title="Bioenergy" style="background-image: url( 'https://green-giraffe.com/wp-content/uploads/2021/02/BioEnergy_GettyImages-483451315_Teaser-860x574.jpg' );">
<h3 class="sector-title tcolor-white">Bioenergy</h3>
</a>
<a class="sector-tile bgimage tcolor-white" href="https://green-giraffe.com/sector/other/" title="Other" style="background-image: url( 'https://green-giraffe.com/wp-content/uploads/2020/11/Photo-GGEB-166-scaled-e1675686516984-860x574.jpg' );">
<h3 class="sector-title tcolor-white">Other</h3>
</a>
</div><!-- .module -->
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<h3 class="t-h4 title"><span class="title-inner">Chinese turbines cannot succeed in the European offshore wind market because they are not bankable. Myth or reality?</span></h3>
<p class="text mt-1 mb-1"><span class="text-inner t-truncated t-truncated--4-lines">This month, Mingyang announced a deal with the Italian government to build a factory in Italy supplying their 19MW turbines to the wind farms developed by Italian developer Renexia. It is the latest of a series of announcements that involve the Chinese turbine manufacturer. They already supplied the first ever Chinese offshore turbines in Europe for a project developed by the same Renexia off Taranto and have now signed a preferred supply agreement with Luxcara, who has just won a 1.5 GW site in Germany this week.
While Chinese dominance in solar, battery and so many other sectors has been widely accepted, each piece of news about Chinese turbine suppliers knocking at the European door is followed by heated debates. Is the competition fair or is China subsidising its industry, as suggested in a recent investigation of the EU commission that raises fears of a new trade war? Should the European policy makers go one step further and copy the US in their protectionism? Can public auctions define rules that prevent Chinese turbines to be competitive? In the urgency that climate change commands, is the question of where the turbines come from of any relevance at all? While the cost of living is fuelling the surge of the extreme right everywhere in Europe, is it sensible to fight the cheapest option?
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<h3 class="t-h4 title"><span class="title-inner">Is the UK Offshore Wind Industry Spinning Back into Gear through the CfD results? </span></h3>
<p class="text mt-1 mb-1"><span class="text-inner t-truncated t-truncated--4-lines">Yesterday the UK government announced the results of Allocation Round 6 (AR6) of contract for difference (CfD). The UK’s CfD scheme has long been touted as the mechanism of choice for incentivising investment in renewable energy projects – with the capital intensity of offshore wind (OW), this support mechanism is especially critical.
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<h3 class="t-h4 title"><span class="title-inner">Is FER 2 the beginning of the offshore wind era in Italy?</span></h3>
<p class="text mt-1 mb-1"><span class="text-inner t-truncated t-truncated--4-lines">Italy, one of the most promising markets for floating offshore wind
We were recently asked by a client to indicate which countries we think could build commercial size floating offshore wind projects by 2030. They looked very surprised when we mentioned Italy in our very short list, together with the UK and Korea (and optimistically Taiwan).
In recent years, offshore wind has been a central topic of discussion in Italy, with the arrival of a long-awaited government decree and a large number of projects under development. The industry is now more vibrant than ever. Italy is currently considered the third most promising market for floating offshore wind development in the world.[1] What does this mean for a country that at the moment has only one operational fixed bottom offshore wind farm installed, for a total of 30 MW? What is actually required to unlock this potential?
Let’s start by digging into the numbers. Although the offshore wind target that the Italian government set in the latest NECP[2] was 2.1 GW by 2030, both market research and industry publications have adopted a much more bullish view. According to a number of industry studies[3], Italy has the potential to install 11 GW of offshore wind capacity by 2040 and to reach at least 20 GW of installed capacity by 2050. Achieving this growth has the potential to unlock a cumulative value of ~EUR 57 bn and to create approximately 27,000 new jobs between 2030 and 2050.
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<h3 class="t-h4 title"><span class="title-inner">The future of financing renewables in South Africa</span></h3>
<p class="text mt-1 mb-1"><span class="text-inner t-truncated t-truncated--4-lines">Since opening its office in Cape Town in 2017, Green Giraffe has been involved in three renewables government tenders in South Africa, with the most recent milestone being the financial close of the REIPPP Bid Window Round 5 projects of Coleskop WEF, Phezukomoya WEF and San Kraal WEF – the first three projects from Bid Window 5 to reach financial close. The South Africa market is now looking beyond government tenders towards utility-scale projects in the C&I space. What the REIPPP program has provided is a blueprint for financing utility-scale projects in South Africa for various offtake structures, and lenders & investors are allocating large amounts of capital to fund them – bringing much needed energy online.
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<h3 class="t-h4 title"><span class="title-inner">Rates are coming down, but should the Energy Transition hope for a recession?</span></h3>
<p class="text mt-1 mb-1"><span class="text-inner t-truncated t-truncated--4-lines">The financial news is full of messages about the bloating and volatility of capital markets, led in-particular by the tech mega-caps. The condition of the underlying economy doesn’t justify this bloating and indeed it doesn’t take much to scare the markets off their current highs. These lofty stock prices appear to be everywhere unless ironically – like me – you tend to read everything through the energy transition (ET) lens. Let’s be honest, one can’t help a feeling of FOMO! Aren’t we supposed to be the great economic miracle of this century?
Consensus seems to be that overall monetary policy has done a reasonable job at taming the recent inflation bout. Thankfully so far this has been done without tipping the global economy into recession; no small feat given the myriad of additional headwinds. Fair to say though those same monetary policies have created a huge headwind in renewables, understandably so given cost of capital is the fuel of the transition. And that, in part at least, is the answer for our FOMO as we know.
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