Baringa Partners brings energy expertise to Australian market

PRESS RELEASE

Baringa Partners has expanded its global presence with the opening of a new office in Sydney, Australia, aiming to replicate the success of its UK business which is currently rated the number one management consultancy in energy, utilities and the environment by the Financial Times.

The Australian office, headed up by Peter Sherry and Brett Clark, will build on Baringa’s international experience and its position as the largest dedicated energy consulting practice in Europe, and will bring its full advisory capability to the Australian market.

Peter Sherry comments: “There’s a real opportunity in the energy industry in Australia as the country transitions towards clean energy, whilst maintaining security of supply and bringing down consumer bills.

Australia is ripe for a rapid transition to renewables and storage, with access to some of the best conditions for generating wind and solar power in the world and technology costs continuing their dramatic falls.

“These conditions are something which our international client base has already begun to capitalise on, and over the last couple of years a lot of our clients have begun to operate in the Australian market, particularly renewable investors and developers. In response to this, it makes sense to bring our global expertise to Australia.

Although Australia is only just beginning to realise its full potential for renewable energy and storage, from what we’ve seen in other energy markets around the world, there’s an opportunity for it to leapfrog other countries and become a world leader in clean energy, and this is something we are excited to help our clients navigate.”

Brett Clark, who will head up the retail and network side of the practice, comments: “There are similarities between the way in which the Australian energy market works and other energy markets we have worked in around the world.

For example, competition and smart meters are two of the key issues in the UK energy sector at the moment and the same ones are facing the Australian sector. Given our experience with energy companies in the UK there’s a real opportunity for us to share our expertise with clients in the Australian market.”

Baringa is planning to grow the Australian office over the next 12 months and beyond. The news follows recent office openings in the UAE and New York.