Ecuador’s upcoming renewables auctions come with 25-year PPAs

Transmission grid in Ecuador. Federico Rios Escobar for The New York Times

Summary: Ecuador’s government is auctioning 500 MW of renewable energy projects they’ve developed, allowing the country to diversify its power matrix away from too much large hydro. LAC-CORE has been asked to take a select group of developers and investors to Quito to meet with senior officials in the energy ministry, the national utility, and the regulatory agency for detailed, personalized presentations — and to seek the answers that’ll get them comfortable.

About the publisher: Carlos St. James is a leading advisor to energy investors, developers, bankers and the public sector. He is also a board member of the Washington, D.C.-based Latin American & Caribbean Council on Renewable Energy (LAC-CORE) the Texas Renewable Energies Industry Alliance (TREIA), and publishes the Latin American Energy Review to help generate debate on the industry’s issues.                                         

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Renewable energy investment in Latin America in the next 20 years

Summary: Latin America’s renewable energy sector is set to add 130 gigawatts of wind and solar power installed capacity in the next twenty years. Which countries are slated to get most of it — and which are dropping the ball? Also: contrary to global trends, wind energy continues to be the favored technology across the region. A brief discussion with facts and opinions.

About the publisher: Carlos St. James is a leading advisor and opportunity generator to energy investors, bankers, public sector and developers. He is also a board member of the Washington, D.C.-based Latin American & Caribbean Council on Renewable Energy (LAC-CORE), the Austin-based Texas Renewable Energies Industry Alliance (TREIA). He publishes the Latin American Energy Review to help generate debate on the industry’s issues.

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The troubling trend towards increased speculation in the Latin American renewable energy sector

Summary: Many emerging market governments – including those in Latin America — are unwittingly promoting speculation in their renewable energy auctions, with developers and lenders getting caught up in it as well. This has a destabilizing effect on the energy sector and ultimately does not serve citizens’ or investors’ best interests. A brief analysis of the situation with recommendations.

About the publisherCarlos St. James is a leading advisor to energy investors, bankers and developers in at Wood plc. He is also a board member of the Latin American & Caribbean Council on Renewable Energy (LAC-CORE) and publishes the Latin American Energy Review to help generate debate on the industry’s issues.

He will next be speaking at the Andean Renewable Energy Congress in Bogota, Colombia, November 14-17, 2017.

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Chile’s creativity comes to the fore in its 2017 energy auctions

Summary: Chile’s energy sector continues its positive evolution. The upcoming auctions have a number of creative features that allow renewable energy technologies to maximize their potential while minimizing the drawback that is their intermittency. New record low prices are likely to be seen — although there is one glaring risk that could harm progress.

About the publisherCarlos St. James is a leading advisor to energy investors, bankers and developers in emerging markets at Wood Group. He is also a board member of the Latin American & Caribbean Council on Renewable Energy (LAC-CORE) and publishes the Latin American Energy Review to help generate debate on the industry’s issues.

He will next be speaking at the 8th Annual World Infrastructure & Energy Summit in Barcelona on September 27 on Managing Latin America’s renewable energy targets set out by the Paris Agreement and its implications for clean energy investment.

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Argentina’s renewable energy high wire act

Summary: With financing for the budding renewable energy sector still unresolved and increasingly tight transmission grid availability, Argentina commits to another energy auction as politics take center stage.

About the publisherCarlos St. James is a leading advisor to energy investors, bankers and developers in emerging markets at Wood Group. He is also a board member of the Latin American & Caribbean Council on Renewable Energy (LAC-CORE) and publishes the Latin American Energy Review to help generate debate on the industry’s issues.

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How flight-to-quality lending is affecting Argentina’s renewable sector

Summary: As Argentina prepares for Ronda 2 of its RenovAr renewables program, all eyes remain on the largely successful Rondas 1 y 1,5 from last year. Meanwhile lenders, concerned with slow macroeconomic and structural changes, focus on larger corporates with strong balance sheets.

About the publisherCarlos St. James is a leading advisor to energy investors, bankers and developers in emerging markets at Wood Group Clean Energy. He founded the Argentine Renewable Energy Chamber and is currently a board member of the Latin American & Caribbean Council on Renewable Energy (LAC-CORE). He publishes the Latin American Energy Review to help generate debate on the industry’s issues.

The region’s single most important industry event is the LAC-CORE Clean Energy Finance Summit, held in Miami, Florida this week (June 13-15), where investors and bankers discuss the industry’s outlook.

He has been named Conference Chair of the upcoming Congreso de energias renovables, held in Buenos Aires this June 28, and will be attending the Argentina Energy & Infrastructure Finance Forum 2017 on June 29.

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Latin America’s renewable energy investment shifts towards Sonoran sun and Patagonian wind

Summary: With Brazil’s economic and political woes continuing, investors are migrating to both ends of Latin America – towards Mexico in the north and to the southern cone countries of Chile and Argentina – for their next round of investments in solar and wind. Each of these markets represent different risks and rewards.

About the publisherCarlos St. James is a leading advisor to energy investors, bankers and developers in emerging markets at Wood Group. He is also a board member of the Latin American & Caribbean Council on Renewable Energy (LAC-CORE) and publishes the Latin American Energy Review to help generate debate on the industry’s issues.

The region’s single most important event is the upcoming LAC-CORE Clean Energy Finance Summit, held in Miami, Florida this coming June 13-15, where investors and bankers discuss the industry’s outlook. See you there!

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La Cámara de Compensación, Mexico’s new renewable energy clearinghouse

Summary: As Mexico’s third renewable energy auction looms, a significant change is taking place as part of its energy reforms: the offtaker is changing from a single established government entity, CFE, to a new clearinghouse with many buyers. Will investors learn to love their new counterparty? A brief analysis of the new Cámara’s structure and purpose.

About the publisherCarlos St. James is a leading advisor to energy investors, bankers and developers in emerging markets at Wood Group. He is also a board member of the Latin American & Caribbean Council on Renewable Energy (LAC-CORE) and publishes the Latin American Energy Review to help generate debate on the industry’s issues. His upcoming speaking engagements include:

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How one wind turbine manufacturer came to dominate the Chilean market

Summary: Chile has more than a gigawatt of installed wind capacity, the third highest in Latin America (after Brazil and Mexico). One vendor has achieved a commanding 68% market share – far more than it in any other market. How did this come about, and what lessons can be learned? A study in vision and management skills.

About the publisherCarlos St. James is a leading advisor to energy investors, bankers and developers in emerging markets at Wood Group. He is also a board member of the Latin American & Caribbean Council on Renewable Energy (LAC-CORE) and publishes the Latin American Energy Review to help generate debate on the industry’s issues. His upcoming speaking engagements include:

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The issue of cost overruns and project delays in renewable energy projects in Latin America

Summary: Latin American renewable energy projects suffer fairly normal completion delays compared to other regions, but are far more likely to incur project cost overruns. A brief analysis of the problem — and a call to action to remedy.

About the publisherCarlos St. James is a leading advisor to energy investors, bankers and developers in emerging markets at Wood Group’s Sgurr Energy. He is also a board member of the Latin American & Caribbean Council on Renewable Energy (LAC-CORE) and publishes the Latin American Energy Review to help generate debate on the industry’s issues. His upcoming speaking engagements include:

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