Financing Renewable Energy in Emerging Markets: Latin America and India
Wednesday, June 6, 2012, 9:30am - 2:30pm EDT / Streamed Panel Discussion: 7:00am - 11:00am PDT / 10:00am - 12:00pm EDT / 16:00 - 20:00 (Paris-Frankfurt)
The Markle Foundation, 10 Rockefeller Plaza, 16th Floor New York, NY 10020
Registration opens at 9:15 AM
10:00 - 11:30
The International Energy Agency predicts that energy demand in Latin America will increase by 50 percent by 2030 requiring an estimated $1.5 trillion in investments. Furthermore, in the next decade alone, a 26% increase in installed generation capacity is needed to meet 6% projected annual growth rates in the region. This highlights the nexus between investment in alternative energy and strong sustainable economic growth and development given the ‘emerging’ status of many Latin American economies.
Latin American countries are beginning to realize their wind and solar potentials and foster their development through advocacy from state-aided programs such as Brazil’s PROINFA and Chile’s CER and by setting national renewable energy targets. The Inter-American Development Bank, previously primarily a lender to governments is also actively participating in private lending for solar and wind development. In March it was reported that the bank was partnering with the Japanese International Cooperation Agency (JICA) to co-finance $600 million in renewable energy project development in Latin America and the Caribbean. While political support is growing for the renewable energy industry (evidenced by the wealth of regulatory incentive structures), lack of and/or poor infrastructure remains a powerful barrier.
In this meeting we examine the investment appetite for alternative energy development and energy efficiency in Latin America.
Luisa Fuentes, Societe Generale, Director, Project and Energy Finance
Oliver Langel, Whitehall and Company, Managing Director
Gabriela da Rocha Oliveira, Bloomberg New Energy Finance, Head of Latin American Research and Analysis
Bruno Mejean, SunEdison, Managing Director, International Business Development and Project Finance
Paul Astolfi, Mayer Brown, Partner
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11:30 - 12:15
12:15 - 12:30
Startup Showcase: Altaeros Energies
Altaeros Energies is developing a breakthrough airborne wind turbine to produce abundant, low cost, renewable energy. Altaeros uses safe and reliable aerospace technology to lift wind turbines to operate at higher heights where winds are much stronger and more consistent than on the ground. Altaeros turbines are designed for easy mobility and rapid deployment at remote industrial, military, and community sites.
Alain Goubau, Altaeros Energies, Co-Founder
12:30 - 2:00
China, Germany, and the United States dominate most discussions addressing the global renewable energy market. Well over half of the global investments in renewable energy are found in these three nations alone. But this does not make them, by any measure, the only game in town.
India has become one of the World’s most active and promising renewable energy markets. As the renewable energy market leader in South Asia, it has created a $185 billion revenue generating market that, in 2010 alone, added 2.7 GW of grid-connected renewable energy capacity to India’s existing renewable energy portfolio. Since the 1980’s, the Ministry of New and Renewable Energy has worked to encourage diversification of India’s energy portfolio. Renewable energy friendly policies include feed-in tariffs, customs and sales tax relief on relevant technologies, soft loans, and generation based incentives for solar and wind projects. One example of the national push towards renewables is India’s National Solar Mission, which aims to install at least 20GW of solar power by 2022.
India’s market potential has become increasingly tempting for those looking to enter the market. It currently has the fifth highest wind power capacity in the world and is one of the world’s leading renewable energy manufacturing countries. India, along with China and Brazil, holds the most promise for employment expansion with renewable energy market growth.
This special AGRION roundtable discussion will address the most pertinent, engaging, and current topics in India’s expanding renewable energy market.
§ What national policies are currently driving market growth in India?
o What are the national regulations?
o What are the national incentives?
§ What are the major projects in renewable energy across the country?
§ What opportunities are open for market entry and growth?
§ What market sectors (wind, solar, smart grid etc.) hold the most potential for near term growth? Long term?
§ What are the current market trends within the various RE industries?
§ What other industries hold a stake in the success or failure of renewable energy in India?
What is the market value of the individual RE industries currently and what are those value projected to be in 5 years? 10 years? 20 years?
Speakers: MEET THE PANEL
Gabriela da Rocha Oliveira, Bloomberg New Energy Finance, Head of Latin American Research and Analysis (Moderator)
Aarthi Anand, US-India Partnership, Center for Climate Change Law- Columbia Law School, Project Director
Ed Sappin, The Willowbrook Company, Managing Director
Jaswinder Kaur, TaraSpan Inc., VP Cleantech
Ryan Hollowell, U.S. Department of Commerce, International Trade Specialist
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2:00 - 2:30
|2:30 -||Roundtable Close|
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