While China has been grabbing the attention of the Asia-Pacific market and Mexico and Peru have been making headlines in Latin America with record low auction prices, developers looking to further expand in those markets should look to two countries: India and Argentina. The Indian government released big news for renewable energy developers in July as the Ministry of New and Renewable Energy (MNRE) announced its plan to double the large-scale solar target from 20 to 40 GW by 2020. Argentina is also prepared for increased growth in renewable energy capacity as the country plans its first renewable energy auction under President Mauricio Macri’s "RenovAR" program in mid-August. Savvy project developers and investors who can navigate the political landscape of these countries will find new and unprecedented opportunities for growth and return on investment.
After an exciting day of keynotes and discussions, the opening panel of the second day of the Renewable Energy Finance Forum (REFF West) began with a focus on investment banking perspectives on solar project financing. Bringing together a selection of top energy bankers from leading institutions that are active in renewable energy financing, the panel discussed movements and trends in the present and near future term and how the financial landscape has changed over the last 12 months.
Sebastian Leyton 9/23/13
Small renewable projects represent a market that has not been fully taken advantage of, mainly due to issues relating with their access to financing. This doesn’t refer that the projects itself have issues, but implies that lenders mainly involved in project finance are more interested in larger projects, which involve sums over USD 100 million. Those projects are able to support the costs of a time intensive transaction and the corresponding fees, and represent a good opportunity of striking a good deal by achieving financial closing to most parties for the amounts involved. However, this doesn’t imply that small projects are not a lucrative market to be exploited and clearly represents a business opportunity.
December 14 -- According to Richard Kauffman, Senior Advisor to Secretary of Energy Stephen Chu, making real estate investment trusts (REITs) or master limited partnerships (MLPs) available for renewable energy project financing is the key to advancing the industry. >>View Article
September 29 -- Speakers at the 5th annual >>View ArticleFinance Forum (REFF-West) focused on the major challenges facing the alternative and landscape in the U.S. The conference was held in San Francisco, CA on September 27 - 28 and drew senior financiers, investors and clean energy executives from North America, including the private sector, government, and various players in the industry.
September 17 -- America has some of the best offshore wind resources in the world — especially along the Atlantic coastline. But while the promise is massive, zero turbines are currently spinning in U.S. waters. Fortunately, federal and state governments have made significant progress toward the first offshore turbines and have put America at a turning point toward harnessing the more than 1,300 gigawatts (GW) of energy generation potential identified along our coasts. >>View Article
September 5 -- U.S. energy giant Direct Energy is testing the consumer market for alternative energy in Texas, with the launch of a new 100 percent Texas wind powerbrand that it’s calling New Leaf Energy. The new venture will provide customers in Greater Houston, Dallas-Fort Worth, Corpus Christi and other areas with the option to get their electricity from certified renewable sources. >>View Article
September 10 -- The amount of photovoltaic solar panels installed in the United States reached 742 megawatts in the second quarter of 2012, according to a report released Monday by GTM Research and the Solar Energy Industries Association, up from 512 megawatts in the first quarter. Analysts with GTM research expect that by year-end, 3,200 megawatts will be installed nationwide, up 71 percent over 2011. >>View Article
September 12 -- The Republican and Democratic National Conventions mark the beginning of the end for the 2012 presidential campaign and – one hopes – the end of a regrettable chapter in American politics: a time when supporting real economic growth by encouraging American entrepreneurs became less important than throwing political punches. >>View Article