Why Ecuador doesn’t have a renewable energy sector

Summary: Ecuador is rich in natural resources harnessable into clean energy. But unless it becomes more consistent in it policymaking, moves a little more quickly, and reduces energy subsidies, it will remain dependent on outside assistance, just like the Galapagos tortoise. [Our thoughts and prayers are with the 22 Ecuadorean soldiers that died this weekend in a plane crash as well as the hundreds in the earthquake. †]

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.

He was recently named Summit Chairman of the upcoming LAC-CORE Finance Summit in Miami, Florida in October 2016, to which Ecuador’s energy minister has been invited to speak.

LAC-CORE Finance Summit

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A Matter of Faith: Argentina’s new renewable energy regulations

Summary: Argentina published the initial set of regulations for its renewables law and is rapidly moving towards a public tender, with billions at stake. There are still a lot of unknowns and additional resolutions will be forthcoming — but until then, it is a market where instinct will have to play an unusually large role for investors.

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.

He was recently named Summit Chairman of the upcoming LAC-CORE Finance Summit in Miami, Florida this October, in which Argentina’s situation will play a major role.

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He will also be a panelist on an Argentine-centric renewable energy webinar on April 28 and pontificate at a breakfast briefing to be held in Buenos Aires in mid-May.

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Burned in Chile: The folly of merchant solar power

Summary: Pro-market policies have led to over a gigawatt of solar photovoltaic parks now operating in Chile. But with few long term offtake agreements available, an alarmingly high percentage of these depend on the spot price to generate revenues – which regularly drops to $0/MWh in the afternoons.

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 to generate debate and educate on industry issues.

Layout 1He was recently named Summit Chairman of the upcoming LAC-CORE Finance Summit in Miami, Florida in October 2016.

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Argentina’s upcoming renewable energy tenders: Wind projects

Summary: Wind will once again prove to be the hottest ticket in Argentina’s renewable energy tenders, scheduled for mid-2016. There are over 6 GW of projects seeking equity, financing, technology and/or human capital in a country hungry to return to the international scene.

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.
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He was recently named Summit Chairman of the upcoming LAC-CORE Finance Summit in Miami, Florida in October 2016.

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How Argentina is transforming into a viable renewable energy market

Summary: Argentina has begun an in-depth scrubbing to make itself attractive to outside investors.  It needs more than $5 billion in renewable energy investments in the next year. There are a number of developed projects seeking investors for this year’s tenders — and the pricing will cause serious temptation.

IMG_0600 croppedAbout the AuthorCarlos St. James is an advisor to energy investors and developers in emerging markets. He 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.

 PrintHe was recently named Summit Chairman of the upcoming LAC-CORE Finance Summit in Miami, Florida in September 2016.

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Why the recent Peruvian renewable energy auction was significant for Latin America

Summary: Large foreign players made a bold presence in Peru last week and took home twenty-year deals at unheard of prices. This article briefly analyzes the possible strategies involved in the bidding process and looks at how this might affect other markets in the region.

Carlos St James closeupAbout the AuthorCarlos St. James is an advisor to energy investors and developers in emerging markets. He 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 in Miami, Florida in September 2016.

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Getting WACC’d in Latin America: How renewable energy policies affect cost of capital

Summary: Every Latin American government designs policies and establishes market mechanisms that address different risks, looking to minimize them and therefore the weighted average cost of capital (WACC) of renewable energy investment projects. This article outlines various policy risks and gives examples of individual country successes and failures.

Carlos St James closeupAbout the AuthorCarlos St. James is an advisor to energy investors and developers in emerging markets. He 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 in Miami, Florida in September 2016. Continue reading “Getting WACC’d in Latin America: How renewable energy policies affect cost of capital”

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Why the explosive growth in LatAm’s renewable energy M&A activity is a good sign

Summary: Mergers and acquisitions (M&A) of Latin American renewable energy assets were up more than 180% to almost $8 billion in 2015, a sign of rapidly growing new capital sources to the region and industry. This in turn will make earlier-stage capital easier to access and facilitate the construction of new assets. The timing couldn’t be better.

Carlos St James closeupAbout the AuthorCarlos St. James is an advisor to energy investors and developers in emerging markets. He 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 is publisher of the Latin American Energy Review.

 He was recently named Summit Chairman of the upcoming LAC-CORE Finance Summit in Miami, Florida in September 2016.

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Why Latin America prefers investing in wind energy over solar

Summary: Bucking the global trend, Latin America favors investing in wind – and by a wide margin. A brief analysis on why this might be, focusing on perceptions of risk as well as struggles to embrace new social contracts.

Carlos St James closeupAbout the Author: Carlos St. James is an advisor to energy investors and developers in emerging markets. He 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 is publisher of the Latin American Energy Review.

He was recently named Chairman of the upcoming LAC-CORE Finance Summit in Miami, Florida in September 2016.

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Five things Argentina can do to boost renewables

Summary: A new government, a decade’s worth of pent-up demand, uncommonly abundant wind and sun and water.  Five things the country must do to begin to regain credibility and attract the $5 billion it needs over the next two years.

Carlos St James closeupAbout the Author: Carlos St. James is an advisor to energy investors and developers in emerging markets. He founded the Argentine Renewable Energies Chamber; is a board member of the Latin American & Caribbean Council on Renewable Energy; founded and is chairman of the Middle East-Americas Energy Council; and is publisher of the Latin American Energy Review.

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