The U.S. fossil fuel/renewable energy revolutionary industry merger fantasy thing is hereby cancelled

Summary: The U.S. petroleum industry is about to be given free rein to continue to lobby against climate change, merely delaying its day of reckoning as a repeat of the tobacco industry. Meanwhile, the European oil & gas industry — as well as other sectors — have demonstrated a willingness to begin to invest heavily in clean tech and are leading the way for fresh capital flows into renewable energy.

Carlos St JamesAbout the AuthorCarlos St. James is Managing Director of Santiago & Sinclair, LLC, a research and financial advisory firm to energy investors in emerging markets. He is a co-founder of the Argentine Renewable Energies Chamber; has been a board member of the Latin American & Caribbean Council on Renewable Energy since 2010; and publishes the Latin American Energy Review in his free time.

He will speak at next year’s LAC-CORE Finance Summit to be held in June 2017 in Miami, Florida.

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U.S. policies will accelerate investment in renewable energy – in emerging markets

Summary: The new U.S. administration’s policies will result in a temporary decline in investment in renewable energy in the United States. This will prove a boon to emerging markets, hungry for more capital. But perhaps most significant is that these decisions open the door to what may be the most significant geopolitical opportunity of the 21st century: leadership in clean energy.

Carlos St James 2016About the AuthorCarlos St. James is Managing Director of Santiago & Sinclair, LLC, a research and financial advisory firm to energy investors in emerging markets. He is a co-founder of the Argentine Renewable Energies Chamber; has been a board member of the Latin American & Caribbean Council on Renewable Energy since 2010; and publishes the Latin American Energy Review in his free time.

He will speak at next year’s LAC-CORE Finance Summit to be held in June 2017 in Miami, Florida.

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Chilean government makes life harder for its renewable energy sector

Summary: Chile has a longstanding love of free markets — far more than anyone else in the region. And while this trait is one of the reasons clean energy investors have flocked to the country in the past, it has also led to losses, misapplied capital, and missed opportunities for growth. Investors are now thinking twice, as there seems to be inadequate support to allow for a coherent investment framework to take place.

Carlos St James 2016About the AuthorCarlos St. James is Managing Director of Santiago & Sinclair, LLC, an advisor to energy investors and developers in emerging markets. He co-founded the Argentine Renewable Energies Chamber in 2005; has been a board member of the Latin American & Caribbean Council on Renewable Energy since 2010; and publishes the Latin American Energy Review in his free time.

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Argentina’s renewable energy tender: Chinese supply chain finance wins the day

Summary: Argentina’s RenovAr Round One was a success, with 1109 MW of projects approved at credible prices for 20 year PPAs. But perhaps most noteworthy is that more than half of the winners are tied to Chinese firms, whose cost of technology and capital may set benchmarks that could be hard to match in future tenders.

carlos-miami-2016-croppedAbout the AuthorCarlos St. James is an advisor to energy investors and developers in emerging markets. He co-founded the Argentine Renewable Energies Chamber in 2005; has been a board member of the Latin American & Caribbean Council on Renewable Energy since 2010; and publishes the Latin American Energy Review in his free time.

 He will be speaking at the upcoming Chile International Renewable Energy Conference in Santiago on October 17-20.

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Argentina’s RenovAr Renewable Energy Tender: Who’s in and at what prices?

Summary: Local developers are more prevalent than originally thought in Argentina’s RenovAr renewable energy tender, while foreigners have taken more of a wait-and-see attitude. But the level of oversubscription reveals significant interest in Latin America’s largest remaining undeveloped market. A survey also provides initial impressions on where prices will end up — much higher than for any of its neighbors — as well as a grading of the energy ministry’s work thus far.

Carlos St JamesAbout the AuthorCarlos St. James is an advisor to energy investors and developers in emerging markets. He co-founded the Argentine Renewable Energies Chamber in 2005; has been a board member of the Latin American & Caribbean Council on Renewable Energy since 2010; and publishes the Latin American Energy Review in his free time. LAC-CORE Finance Summit

 He was recently named Summit Chairman of the upcoming LAC-CORE Finance Summit held at the Ritz Carlton in Miami, Florida this October 3-5, and will also be speaking at the Argentina International Clean Energy Congress on September 21-23.

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Why the Latin American renewable energy sector needs to convene

Summary: The Latin American renewable energy sector has developed well in part because of solid institutions and increasing access to transparent information. The next step in its evolution is an annual event where the regional  industry can meet to celebrate its successes, to honor its leaders, and to debate the issues.  That event will take place in Miami this October.

Carlos St JamesAbout the AuthorCarlos St. James is an advisor to energy investors and developers in emerging markets. He co-founded the Argentine Renewable Energies Chamber in 2005; has been a board member of the Latin American & Caribbean Council on Renewable Energy since 2010; founded the Middle East-Americas Energy Council in 2014; and publishes the Latin American Energy Review in his free time. LAC-CORE Finance Summit

 He was recently named Summit Chairman of the upcoming LAC-CORE Finance Summit held at the Ritz Carlton in Miami, Florida this October 3-5.

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Cuba’s new renewable energy market in need of capital

Summary: Cuba is being courted by numerous governments seeking to gain influence for the country’s significant energy investment needs. But given the lack of traditional development bank funding, there is an opportunity for creative capital sources and for Latin American countries to come to Cuba’s aid and take a leadership role in the renewable energy sector — especially sugarcane bagasse biomass and ethanol.

Carlos St JamesAbout the AuthorCarlos St. James is an advisor to energy investors and developers in emerging markets. He co-founded the Argentine Renewable Energies Chamber in 2005; has been a board member of the Latin American & Caribbean Council on Renewable Energy since 2010; founded the Middle East-Americas Energy Council in 2014; and publishes the Latin American Energy Review in his free time. 

LAC-CORE Finance Summit

He was recently named Summit Chairman of the upcoming LAC-CORE Finance Summit to be held at the Ritz Carlton in Miami, Florida this October 3-5 and which will include a keynote from Delice Moreno Garcia, Director General of INEL, Cuba’s engineering company and part of its Ministry of Energy and Mines. INEL is responsible for assessing all technical aspects of the influx of renewable energy investment onto the island.

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The case against regional power grid integration in Latin America

Summary: Latin American governments and development banks continue to think in black-and-white 20th century mindsets and thus propose similarly outdated solutions. This includes the largely erroneous idea that international electric grid integration will result in lower energy costs and give access to more people, when in reality there are solutions that are a better fit for the region, more cost-effective, and will better serve us.

Carlos St JamesAbout the AuthorCarlos St. James is an advisor to energy investors and developers in emerging markets. He co-founded the Argentine Renewable Energies Chamber in 2005; has been a board member of the Latin American & Caribbean Council on Renewable Energy since 2010; founded the Middle East-Americas Energy Council in 2014; and publishes the Latin American Energy Review in his free time.
LAC-CORE Finance Summit

 He was recently named Summit Chairman of the upcoming LAC-CORE Finance Summit held at the Ritz Carlton in Miami, Florida this October 3-5, and will also be speaking at renewable energy conferences in Argentina and Chile in the coming months.

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Why the Argentine government is clamping down on electricity demand

Summary: Argentina’s energy crisis may take longer to resolve than initially thought. The government has begun a campaign to reduce demand in what is perhaps the single most important culprit of the country’s energy crisis: runaway residential demand. They may have to soften the messaging to be successful.

Carlos St JamesAbout the AuthorCarlos St. James is an advisor to energy investors and developers in emerging markets. He co-founded the Argentine Renewable Energies Chamber in 2005; has been a board member of the Latin American & Caribbean Council on Renewable Energy since 2010; founded the Middle East-Americas Energy Council in 2014; and publishes the Latin American Energy Review in his free time.

LAC-CORE Finance Summit

 He was recently named Summit Chairman of the upcoming LAC-CORE Finance Summit held at the Ritz Carlton in Miami, Florida this October 3-5, and will also be speaking at the Argentina International Clean Energy Congress in September.

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Can Argentina’s Energy Sector Come Out of Crisis Mode?

The Inter-American Dialogue was kind enough to ask me to answer a question on Argentina for their latest publication. I copy below the question and my response.

About the Author: Carlos St. James is an advisor to energy investors and developers in emerging markets. He co-founded the Argentine Renewable Energies Chamber in 2005; has been a board member of the Latin American & Caribbean Council on Renewable Energy since 2010; founded the Middle East-Americas Energy Council in 2014; and publishes the Latin American Energy Review in his free time. He was recently named Summit Chairman of the upcoming LAC-CORE Finance Summit held at the Ritz Carlton in Miami, Florida this Oct. 3-5.

LAC-CORE Finance SummitHe will also be speaking at the Argentina International Clean Energy Congress in September as well as at the the Chile International Clean Energy Congress Week in mid-October.

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