The successful start of the new trade fair season with WindEnergy Hamburg and the Colloque National Eolien in Paris was intense for our colleagues.
In addition to the very pleasing resurgence of face-to-face meetings, away from phone calls and online meetings, the positive feedback on our latest advancements and the current emergence of the entire renewables sector was a huge motivational boost for everyone involved.
Renewables currently offer many opportunities, but also challenges
There were a number of thematic focal points in the numerous discussions. For example, the industry continues to deal with approval procedures that are clearly too slow, very high inflation in combination with rapidly rising interest rate conditions, and extreme electricity prices that offer lucrative opportunities.
Despite the uncertainties, renewables currently offer enormous opportunities. Many companies are growing very fast. In some cases too fast to be able to build up matching structures in the long term. In order to be able to meet the corresponding growth targets, they need skilled personnel, which is currently tough to obtain and, in the current competitive market, difficult to retain.
The enormous drive for growth, which is a prerequisite for achieving the climate targets, in combination with complicated approval procedures, ensures high prices, which are called for and paid for renewable energy projects.
This raises the question of the return that can be achieved in the long term. This is precisely why it is all the more important today to pay special attention to risk assessment, as a central instrument of financial sustainability for renewables as an asset class. Asset management geared towards the constant tracking of financial performance was accordingly a big topic in many of our discussions in Hamburg and Paris. Especially in uncertain times, updated scenario analyses play an increasingly important role.
Financial Asset and Portfolio Management is increasingly gaining in importance
We are all the more pleased to have recognised this emerging need at an early stage and to have already successfully positioned the corresponding product GM Asset Controlling on the market. GM Asset Controlling is already successfully in use with USD 2 billion in assets under management and helps our clients to keep an eye on the actual income and expenses generated and, in the end, the returns.
Our latest product GM Portfolio has also fallen on receptive ears at industry events, which encourages us in its current further development. In particular, the internal benchmarking of the portfolio will make it even easier for our clients to maintain a financial overview and thus provide an important basis for strategic decisions.
We are constantly expanding our development roadmap, taking into account the many inputs, and look forward to presenting you further valuable features on portfolio level at the next upcoming opportunity.