What’s Holding Back Clean Energy Investment in Australia with Belinda Cogswell (EY)

Billions in private capital are looking to back clean energy in Australia. But connecting those dollars to real projects isn't as simple as it sounds.

From shifting policy environments to underdeveloped contracting models, developers and investors are navigating a fast-evolving energy landscape.

Getting projects built, whether transmission, generation, or storage, requires more than just a good business case. It demands the right financial structures, policy clarity, and risk-sharing mechanisms.

In this episode of Transmission, Belinda Cogswell, Partner at EY’s Energy Lead Advisory team, joins Wendel to unpack what’s working and what’s holding things back when it comes to financing Australia’s energy transition.

Over the course of the conversation, they discuss:

• ⚡ Why financial advisory has become central to delivering energy transition infrastructure.
• Belinda's role in the recently launched Waratah Super Battery Project.
• What’s missing in contracting models for large-scale renewables and storage.
• How to structure deals in the face of market reform, volatility, and rising complexity.
• Why better alignment between public and private capital is critical to net zero timelines.

About our guest

Belinda Cogswell is a Partner in EY’s Energy Lead Advisory team, where she advises on the financing and structuring of major energy transition projects across Australia. With a background that spans investment banking, infrastructure advisory, and public sector experience in the New South Wales government, Belinda works at the intersection of policy, private capital, and commercial delivery.

About Modo Energy

Modo Energy helps the owners, operators, builders, and financiers of battery energy storage solutions understand the market - and make the most out of their assets.

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