What the last gas boom (and bust) says about today’s rush to build
AI Article Summary
The article discusses the fluctuations and risks associated with investing in gas power generation, noting that valuations for mergers and acquisitions have doubled since 2024. Despite the rising valuations, new generation projects are considered risky by analysts. This highlights the volatile nature of the energy market and the challenges faced in predicting returns on such investments.
What This Means for Canadian Contractors
This project shows how the energy sector is prone to rapid changes, which can impact permits and overall project viability. For Canadian builders, this means increased caution during planning for new energy-related projects, focusing on securing stable funding and maintaining flexibility in construction timelines. The volatile energy market could affect supply chains and drive up costs significantly.
