Making sense of Mexico’s renewable energy auctions

Summary: As Mexico prepares for its 2017 auctions, the winners of the first two in 2016 merit a closer look — especially in light of heightened economic uncertainty in the country. These auctions have proven to be the most sophisticated in the region.

Carlos St JamesAbout the AuthorCarlos St. James is a leading advisor to energy investors and developers in emerging markets since 2005. He co-founded and presided over the Argentine Renewable Energies Chamber from 2005-2011; 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 this year’s LAC-CORE Finance Summit to be held in June 13-15, 2017 in Miami, Florida. A must attend event!

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A brief analysis of Central America’s recent renewable energy growth

Summary: Central America’s renewable energy installed capacity grew by 23 % — 320 MW — in 2016. Commissioned wind projects finally passed the one gigawatt mark, with Vestas and Gamesa dominating the marketplace. And El Salvador announced auction winners — with surprising pricing results.

About the AuthorCarlos St. James is a leading advisor to energy investors and developers in emerging markets since 2005. He co-founded and presided over the Argentine Renewable Energies Chamber from 2005-2011; has been a board member of the Latin American & Caribbean Council on Renewable Energy since 2010; and also publishes the Latin American Energy Review as a way to generate greater understanding and debate on these issues.

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

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Why three European turbine manufacturers dominate Mexico’s wind energy sector

Summary: Mexico is proving to be the most exciting wind energy market in Latin America. The country ended 2016 with 3870 MW of installed wind capacity in which three firms – Gamesa, Acciona and Vestas – have a combined 90% market share. A brief analysis of the possible reasons for such concentration.

About the AuthorCarlos St. James is a leading advisor to energy investors and developers in emerging markets since 2005 through Santiago & Sinclair, LLC. He co-founded and presided over the Argentine Renewable Energies Chamber from 2005-2011; 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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Middle Eastern investors begin doing business with the Latin American renewable energy sector

Summary: GCC countries are embarking on a new strategy that mimics the enormous success of China: using capital diplomacy to gain access to a larger share of the trade and investment pie of emerging markets. They have begun to seek out energy investment opportunities in Latin America.

Carlos St JamesAbout the AuthorCarlos St. James is an advisor to energy investors and developers in emerging markets since 2005 through Santiago & Sinclair, LLC. He co-founded the Middle East-Americas Energy Council in 2014; co-founded and presided over the Argentine Renewable Energies Chamber from 2005-2011; and has been a board member of the Latin American & Caribbean Council on Renewable Energy since 2010. He publishes the Latin American Energy Review in his free time.

He will speak at next year’s LAC-CORE Finance Summit on June 15-17, 2017 in Miami, Florida.

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Argentina’s shotgun approach to renewables creates a buyer’s market for projects

Summary: RenovAr’s Round One and 1.5 were successful, but pricing is now below true country risk, distorted in part by low-cost Chinese capital supplying technology. This has created a buyer’s market for projects, which are burdened by two shortcomings: a lack of debt availability at favorable rates and imperfect project development.

Carlos St James 2016About the AuthorCarlos St. James is a leading advisor to energy investors and developers in emerging markets since 2005 through Santiago & Sinclair, LLC. He co-founded and presided over the Argentine Renewable Energies Chamber from 2005-2011; has been a board member of the Latin American & Caribbean Council on Renewable Energy (LAC-CORE) since 2010; and publishes the Latin American Energy Review in his free time.

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

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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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