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 publisher: Carlos 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.