Shubhda Kaushik

What will it take to win on bankability in the next phase of energy transition A Practitioner's manual The Decisive Decade is out today. A practitioner’s manual on bankability in the next phase of the energy transition. A manual, not a polemic. The previous decade of the transition was defined by ambition and the velocity of capital mobilisation. The expectation was that policy commitment, technological progress, and investment appetite would translate, with sufficient momentum, into...

How and why influence in the energy transition is shifting towards those who control systems The first essay in this series argued that the immediate phase of the energy transition will be shaped less by policy ambition and more by fundamentals, execution, and system economics. The second examined how those conditions are changing the operating logic across developers, offtakers, and system operators. The third explored how capital is adjusting to a new structure of risk, deployability, and...

Understanding the Energy Transition Landscape The first essay in this series argued that the immediate phase of the energy transition will be shaped less by policy ambition and more by fundamentals, execution, and system economics. The second explored how that shift is changing the operating logic across developers, offtakers, and system operators. The natural next step is to assess how capital is responding. Projects that cannot integrate into existing infrastructure and instead depend on...