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)



 

 

 

 

Location

The Markle Foundation, 10 Rockefeller Plaza, 16th Floor New York, NY 10020  

 

Registration opens at 9:15 AM

 

 

10:00 - 11:30


Latin America
 
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.

  • Which countries in Latin America are most alluring for foreign alternative energy investments?
  • What types of projects are of interest at the moment? (centralized vs. distributed generation, retrofits vs. new construction regarding transmission)?
  • What is the ROI on current projects?
  • What macroeconomic trends are will influence future investments?
  • Where are the largest sources of capital and what financing mechanisms/incentives exist for private players investing in renewable energy projects in Latin America?
  • Can government incentives explain most of the reduction in cost of wind energy in Brazil?
  • How are Latin American governments working to address poor infrastructure?
  • Are the lack of legacy systems a blessing or curse?

 

Speakers:

 Luisa Fuentes

Luisa Fuentes, Societe Generale, Director, Project and Energy Finance
 
Oliver Langel
 
Oliver Langel, Whitehall and Company, Managing Director
 

 Gabriela de Rocha Oliveira

Gabriela da Rocha Oliveira, Bloomberg New Energy Finance, Head of Latin American Research and Analysis

 

Mejean

Bruno Mejean, SunEdison, Managing Director, International Business Development and Project Finance

 

Paul Astolfi, Mayer Brown, Partner

For more information and if you are interested in speaking, please contact: pamela.jao@agrion.org 
 
 
11:30 - 12:15
 

Networking Lunch 

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.
 
Speaker:
Goubau
Alain Goubau, Altaeros Energies, Co-Founder

12:30 - 2:00

 

India
 

          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 de Rocha Oliveira
Gabriela da Rocha Oliveira, Bloomberg New Energy Finance, Head of Latin American Research and Analysis (Moderator)
 
 
Anand 
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 
 
For more information and if you are interested in speaking, please contact: josh.soble@agrion.org 

 
2:00 - 2:30
 
Networking
2:30 - Roundtable Close 

 

 

For more information on this event or for speaking opportunity information, please contact: josh.soble@agrion.org