Renewables bubble

Total’s CEO Warns Of The Risk Of A Bubble In The Renewables Sector

Banca March | Total’s CEO, Patrick Pouyanné, has given an interview to the Financial Times in which he warns of the danger of a possible “bubble” in the renewable energy sector. According to Pouyanné, and without mentioning specific examples, the scarcity of important assets in this type of energy has led to a number of acquisitions with “crazy” valuations, in some cases reaching multiples of up to 25 times profits.