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Renewable energy finance forum addresses rapidly changing state of renewable energy finance in Latin American and Caribbean markets

Tuesday, May 01, 2012

The second annual Renewable Energy Finance Forum (REFF) hosted by the Latin American Council on Renewable Energy (LAC-CORE), the American Council On Renewable Energy (ACORE), and Euromoney Energy Events in Miami this week brought together more than 200 policy makers, industry executives and investors to discuss the evolution of the renewable energy markets in Latin America and the Caribbean.

“The delegates at REFF-LAC have built the business case for investment in renewable energy development, said keynote speaker and ACORE president Vice Admiral Dennis McGinn. “REFF-LAC is connecting people from Latin America and around the globe to learn about opportunities and drive renewable energy growth in the region.”

REFF-LAC featured speakers from leading renewable energy companies, investment institutions and government organizations focused on renewable energy investments and transactions, infrastructure and country policies, and the future growth potential for the region. Delegates from more than 15 countries participated including Brazil, Panama, Mexico, Colombia, Guatemala, Costa Rica, Peru, Nicaragua, Chile, Argentina, and a host of the Caribbean nations, in addition to the U.S. and Europe.

Key highlights from REFF-LAC sessions included:

Strong economic growth rates and high electricity costs will spur renewable energy development particularly with Latin America and the Caribbean’s abundant natural resources

Education is still needed throughout the region: Both financiers and the general public need more awareness and understanding to the benefits of renewable energy technologies

Sustainable policies need to be implemented in order to create predictability for both developers and investors

$9.4 billion was invested in Latin America’s renewable energy market in 2011, with most funding going to its growing wind energy sector

“Renewable energy is one of the fastest growing industries in Latin America and the Caribbean,” said LAC-CORE President Carlos St. James
“Events like REFF-LAC are excellent venues for networking and deal-generation, and create a better understanding of financing opportunities in the region.”

“The delegates at REFF-LAC have built the business case for investment in renewable energy development, said keynote speaker and ACORE president Vice Admiral Dennis McGinn. “REFF-LAC is connecting people from Latin America and around the globe to learn about opportunities and drive renewable energy growth in the region.”

“The time for distributed generation in Latin America and the Caribbean has come,” said Pablo Reyes, LAC-CORE Board member and Director of the Center of Strategic Studies for Latin America (CEELAT).

Upcoming REFF conferences co-organized by ACORE and Euromoney Energy Events include REFF-Wall Street, taking place in New York City from June 19-20 and REFF-West in San Francisco, September 26-27.

To learn more about LAC-CORE and how to capitalize on regional opportunity, contact Taylor Marshall tmarshall@lac-core.org.

Source: ACORE

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