Speaking at VanEck’s Visionaries and Innovators Series on Friday, the former prime minister said there is an opportunity in the market for a clean energy company to step up.
“There is obviously a big clean energy sector in Australia,” Mr Turnbull said.
“I think there is a real need for some big listed clean energy companies. There was a big listed company called Infigen… it had a portfolio of mostly wind and some solar. It had the potential of being that type of company.”
Mr Turnbull said he attempted to work with Infigen to develop a strategy with them to be Australia’s “big clean energy company” but failed due to a “very unimaginative board” and “very unimaginative shareholders”.
“There was a big opportunity missed,” he said.
“So I think there is an opportunity in the Australia market for someone to consolidate clean energy assets in a way that presents an opportunity for ESG funds to invest.”
