2013 Program

APRIL 29- MAY 1, 2013
THE FOUR SEASONS HOTEL MIAMI

Monday, April 29, 2013

Investor Financing Workshop
How to Cross the Finish Line:  Building a Bankable Finance Package for Renewable Energy Deals

1:00 PM

The REFF LAC Investor Financing Workshop is the only event where project investors and developers get individualized, hands-on advice from leading renewable energy lenders and private equity funds. More information.

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Sponsored by

OPICLOGOBlack

 

Opening Reception
6:00 PM - 8:00 PM

Join us at our opening reception in the Exhibition Area and start your REFF-LAC experience by networking with participants to ensure you get the most out of the next two days.

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Tuesday, April 30, 2013

7:30 AM

Registration & Coffee

8:45 AM

Welcome & Opening Remarks

9:00 AM - 9:30 AM

SESSION 1: OPENING KEYNOTES
This opening session will lay a foundation for subsequent conference sessions.

  • Industry leaders will provide an update on the evolution of renewable markets in Latin America & the Caribbean.

  • Review of the Climatescope criteria for attracting investment in renewable energy

  • Award of annual renewable Clean Energy prize to the LAC country which has achieved the most to develop the industry

Chair:

  • Carlos St. James, President, Latin American & Caribbean Council on Renewable Energy (LAC-CORE)

Speakers:

  • Roberto Tamayo Pereyra, Director General of Electricity, Ministry of Energy and Mines, Peru

  • Marcelo Tokman, Former Minister of Energy and President of the National Energy Commission, Chile

9:30 AM – 10:30 AM

SESSION 2: WHAT WORKS AND WHAT DOESN'T ? – STEPS TO A PROSPEROUS POLICY FRAMEWORK
In this session, speakers will discuss the policies required to ensure that private investors are excited about investing in renewable energy in Latin America and the Caribbean. 

  • Policy and regulation:  Which countries have suitable renewable energy policies, maintain appropriate structures for their power sector, and support renewable energy rural electrification?

  • Renewable energy markets:  Which countries have high rates of growth in renewable energy installation and why?  Which countries have shown growth in biofuel production?

  • Which countries are attractive in terms of electricity pricing?

  • Which countries are expected to show growth rates in power demand, with potential benefits for renewable energy investment?

  • What is getting developers and regulators excited in renewable energy in LAC?

  • The Caribbean: Examining regional policy and why capital is now flowing.

  • What other market drivers are impacting the growth of renewable energy?

Chair:

  • Jorge Kamine, Counsel, Skadden, Arps, Slate, Meagher & Flom LLP

Speakers:

  • Felix MormannAssociate Professor of Law, University of Miami School of Law; Faculty Fellow, Steyer-Taylor Center for Energy Policy and Finance, Stanford University

  • James Bowen, Director of Business Development, Massachusetts Clean Energy Center

  • Brendan Oviedo, Partner, Rubio Leguía Normand

  • Jose Ruiz, Director of Project Development, North American Development Bank

10:30 AM - 11:00 AM

Networking Refreshment Break

11:00 AM - 12:15 PM

SESSION 3: GREENER PASTURES – SUCCESSFUL INVESTMENT IN RENEWABLE ENERGY
Which countries in Latin America and the Caribbean are most investor-friendly in regards to developing renewable energy and why?  This session will focus on the funds deployed in support of renewable energy, the availability and cost of local capital such as microfinance, and identifying which markets are likely to be most appealing to renewable energy investors. 

  • Which types of investment are most popular in which jurisdictions:  Asset finance investments?  Corporate finance investments?  VC/PE investments?  Small distributed scale investments?

  • Which countries have the greatest involvement of microfinance and why?

  • How much impact does the cost of debt have, such as the average cost of green micro debt and the sovereign cost of debt?

  • How effective are options/calls for proposals in generating projects in countries such as Brazil and Peru?

  • The regulator's perspective: How to bring investment to each country's renewable energy industry?

Chair:

  • Leo Williams, Executive Director, Williams & Associates Investments Ltd

Speakers:

12:15PM - 1:45 PM

Networking Lunch


1:45 PM - 3:00 PM

SESSION 4: COMPARE AND CONTRAST – WHAT TECHNOLOGY IS THE BEST MATCH?
Multiple factors support the growth of different renewable energy technologies in different countries and regions.  This session will try to make sense of the diversity and variety of renewable energy in the Latin American and Caribbean region, and to draw some patterns as to which technologies are advancing fastest in which parts of the region.

  • Which technologies are working best in which countries? 

  • Currently, biomass and waste produce the most renewable energy, followed by small hydro power, wind power, geothermal technologies, and solar technologies.  But will the situation change?

  • Brazil is the leader in renewable energy in the region.  But how are different technologies evolving in Brazil?

  • What about Mexico?  How much renewable energy will it use and which technologies will it favor?  What about Chile and the Central American countries?

  • How is Chile's push toward non-conventional renewable energy faring?

  • Which technologies are doing best in which Caribbean countries and how are these patterns likely to evolve?

Chairs:

  • Pablo Reyes, Director, El Centro de Estudios Estrategicos Latinoamericanos (CEELAT)

Speakers:

  • José Galindez, Head of Americas, SolarPack

  • Jose Ramon Gomez, Senior Investment Officer, Energy Division, Inter-American Development Bank (IDB)

  • Mark Konold, Project Manager, Worldwatch

  • Robert Muhn, General Manager, Latin America & Caribbean, Trina Solar

  • Martin Hermann, CEO, 8minutenergy Renewables

3:00 PM - 3:30 PM

Networking Refreshment Break

3:30 PM - 4:45 PM

SESSION 5: CONNECTING TO THE GRID – PLUGGING INTO THE LAC REGION
The improved flexibility of smart grids allows greater penetration of variable renewable energy resources such as solar power and wind power, even without the addition of energy storage.  Indeed, given various fluctuations in distributed generation, such as those due to cloudy or gusty weather, smart grids are a necessity for integrating renewable energy into the grid.  But which countries in Latin America and the Caribbean are investing appropriately in smart grids and how is this situation likely to evolve?

  • How can net metering allow customers to use their own generation from on-site renewable energy systems to offset their consumption?

  • How popular is net metering in the different countries in the region and how is this likely to evolve?

  • How will microgrids enable the development of renewable energy?

  • What off-grid solutions for renewable energy exist?

  • How can distributed generation help countries hit renewable energy targets?

  • Is Brazil driving smart grid development in Latin America and what are other countries doing?

  • How significant are investments being made in smart grids in the region?

Chair:

Speakers:

  • Malaquias Encarnacion, Director of Business Development, Latin America and the Caribbean, AES Energy Storage

  • Lawrence Mott, Principal Consultant, Sgurr Energy Inc.

  • Terry Mohn, Founder, Chief Strategy Officer, General Micro Grids

  • Hezy Ram, CEO, Ram Energy Inc.

4:45 PM - 5:00 PM

SESSION 6: EXECUTIVE REVIEW: SUMMARY OF DAY ONE
This session will close the first day. The panel of speakers will review the sessions on the first day and draw out key points to take away from these discussions.

5:00 PM

Close of Conference Sessions

 

Evening Networking Reception
5:00 PM - 7:00 PM

Relax after an intense day of presentations and discussion in a more informal networking gathering. Meet new potential clients and revisit existing business partners.

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Wednesday, May 1, 2013

Networking Breakfast & Investment Forum
8:00 AM - 8:45 AM

The Investment Forum Committee has selected the top four proposals submitted to present during this Breakfast / Investment Forum. Each presenter will have less than 10 minutes to pitch their projects to a room full of investors.  Updates will be provided as to how last year's presenters fared since they made their pitches a year ago. More information.

 

7:45 AM

Registration Opens

8:50 AM

Opening Remarks

9:00 AM - 9:30 AM

SESSION 7: OPENING KEYNOTES
This opening session will put senior level representatives leading the renewables market in Latin America & the Caribbean in the spotlight to provide a review of the action they are taking in this growing market.

Chair:

Speaker:

9:30 AM - 10:30 AM

SESSION 8: NEW OPPORTUNITIES – THE FUTURE OF RENEWABLE FINANCING IN THE LAC REGION
With the withdrawal of some of the banks, notably European banks, from the renewable energy sector, not all of the traditional avenues for financing have recently been open to renewable energy.  This development has led to some interesting financing innovations and creativity.

  • To what extent are the traditional avenues of financing still open and available in the region?
  • Which form of financing is more important and which is less used at the moment?
  • What innovations exist in regards to renewable energy financing – crowd funding, REITs?
  • How will financing opportunities likely evolve in the next sector over the next 12 months?
  • How will capital markets make an increasing impact as a source of funding?
  • How much are large-scale consumers, i.e. corporate entities, investing in the renewable energy sector, and how can the banks help them?
  • International bankers are seeking to expand their investments in renewable energy: What impact does that have on Latin America and the Caribbean?

Chair:

Speakers:

10:30 AM - 11:00 AM

Networking Refreshment Break

11:00 AM - 12:00 PM

SESSION 9: LEVERAGING DEBT FOR FUTURE GROWTH
Amid turmoil in debt markets, sources of credit and deal structures are radically deviating from traditional models.  Meanwhile some key financial players such as the European banks have all but withdrawn from the market.  This session aims to consider how debt providers can work with renewable energy developers in Latin America and the Caribbean. 

  • How big a role can development banks such as IADB/CAF/World Bank/Central American Development Bank/Caribbean Development Bank play in the region?  What about export credit agencies such as BNDES?
  • Is it best to approach the global commercial banks with interest in the region, or is it better to approach national banks?
  • What project finance structures and leasing options exist?
  • What kind of deal structuring is in place, and what issues and trends are developing in the region?

Co-Chairs:

Speakers:

12:00PM - 1:30 PM

Networking Lunch

1:30 PM - 2:30 PM

SESSION 10: THE UPS AND DOWNS OF EQUITY INVESTMENT
This session will look at renewable energy projects in Latin America and the Caribbean from the perspective of equity investors.  Institutional investors will sit alongside venture capitalists and private equity fund managers and examine the difference in their approaches and perspectives.  Topics that we will cover include:

  • Institutional Investor attitudes to the Latin American and Caribbean region
  • Early stage venture capital, later stage and expansion venture capital/private equity
  • The role of equity players in comparison with debt players in renewable energy in the region
  • Investor returns: have they been driven down by competition?  What does this mean for future investment in the region?
  • Auction models have their own price discovery models – which system is best?  Lessons learnt. 

Chair:

  • John Paul Moscarella, Senior Managing Director and Principal, CleanTech Fund, Emerging Energy & Environment

Speakers:

2:30 PM - 3:00 PM

Networking Refreshment Break

3:00 PM - 4:00 PM

SESSION 11: SUCCESS STORIES – ACCOMPLISHMENTS & LESSONS LEARNED
It is always heart-warming to read about successful investments in the renewable energy sector and to look at situations where both the project developer and the investor are delighted with the outcome.  This session will look at a variety of projects from the Latin America and the Caribbean region:

  • Why were these projects successful?
  • What lessons can be learnt for future projects in renewable energy?
  • How developers and investors can collaborate successfully

Chair:

Speakers:

4:00 PM - 4:45 PM

SESSION 12: CRYSTAL BALL: REVIEW & PREDICTIONS
This final conference session will provide some final words of wisdom from the two conference days. It will also allow each speaker to share their forecast on the future and what we might predict for renewable energy in Latin American and the Caribbean in 2014 and beyond.

Chair:

  • Michael T. Eckhart, Managing Director, Global Head of Environmental Finance & Sustainability, Citigroup

Speakers:

4:45 PM - 5:00 PM

Closing Remarks

5:00 PM

Close of REFF-Latin America & Caribbean.