Market Insights

Looking ahead: the Renewable Energy Sector in 2025

George Richardson

NB Director

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George Richardson, Director at Norman Broadbent within our global Energy and Utilities Practice, asked a number of senior leaders their thoughts on the renewable energy landscape in 2025. Here's what they had to say..

Colin Crooks

CEO - ACT Group

“In 2025, I believe the renewable energy landscape will favour providers who offer complete, end-to-end solutions, with long-term partnerships emerging as the key to delivering comprehensive and future-proof energy strategies.”

Leyre de Adrian

President Europe - Fortescue

"With the upcoming implementation of the Corporate Sustainability Reporting Directive (CSRD) across Europe starting next year, I am proud to be part of the Fortescue family. We are embarking on a bold and ambitious journey towards decarbonization in both our mining and renewable energy sectors. Our pioneering initiatives set a global benchmark, breaking new ground in sustainability practices that have never been seen before."

Ethan Hugh

Global Marketing Director - Hygreen Energy

"With more regional policies and incentive program deadlines fast approaching, we will see many more solar, wind, and green hydrogen projects advance to procurement and investment decisions in 2025. This, along with more renewable energy projects coming online over the next year, will be pivotal in boosting the confidence for renewable energy adoption and scalability."

Frank Wouters

Chairman of the Advisory Board - Dii Desert Energy

“Next year will be the year of closing. There is a growing number of solid projects that aim to produce green molecules at scale. Customers will finally commit and banks will then be able to provide financing for them."

Tim McRae

Vice President of External Affairs - California H2 Business Council

"The California hydrogen market will continue to expand, driven in part by the hydrogen hub investments and regulations. We will continue to see growth in medium- and heavy-duty transportation, as well as hydrogen blending and pipeline activities to decarbonize the state's gas infrastructure."

Katie Ellet

CEO - ETCH Materials

“Commitment to decarbonization and breakthroughs in renewable technologies will continue to drive clean energy growth at an unprecedented pace. Overcoming the challenges will increasingly depend on collaboration—across sectors, borders, and companies—to create resilient supply chains, predictable policies, and support emerging technologies that are efficient and economical."

Mark Rostafin

Co-Chief Executive Officer - Vesper Energy

“Renewable energy is on track to surpass coal as the world’s leading source of electricity generation. We're well beyond the early adoption phase; now, the priority is on scaling and optimizing these technologies. With breakthroughs in storage, grid management, and robust policy support, renewables are poised to deliver a significant percentage of the world’s electricity, becoming the backbone of global energy production.”

Mark Babcock

Chief Revenue Officer - Powin

“In 2025, we expect renewable energy to be further embedded as a core part of energy infrastructure globally. Accompanied by the rapid deployment of energy storage systems, renewables are set to provide unprecedented levels of reliability and grid stability, transforming what were once barriers into opportunities for a truly sustainable energy future."

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