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.

Continue reading “The troubling trend towards increased speculation in the Latin American renewable energy sector”

Please follow and like us:

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.

Continue reading “Chile’s creativity comes to the fore in its 2017 energy auctions”

Please follow and like us:

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.

Continue reading “Argentina’s renewable energy high wire act”

Please follow and like us:

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.

Continue reading “How flight-to-quality lending is affecting Argentina’s renewable sector”

Please follow and like us:

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!

Continue reading “Latin America’s renewable energy investment shifts towards Sonoran sun and Patagonian wind”

Please follow and like us:

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:

Continue reading “La Cámara de Compensación, Mexico’s new renewable energy clearinghouse”

Please follow and like us:

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:

Continue reading “How one wind turbine manufacturer came to dominate the Chilean market”

Please follow and like us:

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:

Continue reading “The issue of cost overruns and project delays in renewable energy projects in Latin America”

Please follow and like us:

Biodiesel production becoming a zero-sum game

Summary: As diesel engines continue to lose ground against gasoline, the global biodiesel industry feels the pinch. Saddled with slow growth, a lack of technological advancement, little fresh investment and significant overcapacity, the industry increasingly turns on itself to fight for survival.

About the AuthorCarlos St. James is a leading advisor to energy investors and developers in emerging markets. 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 to help generate debate on the industry’s issues.

He will speak at the LAC-CORE Clean Energy Finance Summit, June 13-15, 2017 in Miami, where industry leaders gather to discuss the sector’s issues. www.laccorefinancesummit.org.

Continue reading “Biodiesel production becoming a zero-sum game”

Please follow and like us:

Colombia’s hurdles to developing a viable renewable energy sector

Summary: Despite its hydro-centric energy matrix, Colombia has yet to establish a true renewable energy sector. The government needs to address three key issues if investors are to take the country seriously: the capacity payment scheme needs restructuring; the transmission grid needs expanding into the Guajira peninsula; and the clubby oligopolistic nature of the electricity sector addressed. Until then, Colombia’s boast of a low carbon economy will remain more the result of fortuitous geography than of any concerted effort.

About the AuthorCarlos St. James is a leading advisor to energy investors and developers in emerging markets. 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 to help generate debate on the industry’s issues.

He will speak at the LAC-CORE Clean Energy Finance Summit, June 13-15, 2017 in Miami, where the Colombian market and many other issues will be discussed.

Continue reading “Colombia’s hurdles to developing a viable renewable energy sector”

Please follow and like us: