DNNGY - Orsted Is Very ESG But Inorganic Growth Won't Create Value
By Felipe Bijit
Despite the coronavirus impact, the focus of governments on ESG has stayed consistent. With this being such a core part of countries' mandates, ESG companies continue to be attractive due to the regulatory tailwinds that they'd benefit from against less eco-friendly competitors. As such, utilities in particular, which have in the past relied on dirty energy like coal, are aggressively moving towards shifting their power generation assets to renewable. Because of this almost universal focus on renewable energy, renewable assets are becoming more bid up, and companies which were early to