CREF 2017, the largest annual gathering of the Caribbean energy market, will take place at the JW Marriott Marquis, Miami, from October 18th-20th.
500 attendees from 50 countries attended CREF 2016. Over 20 Caribbean countries were represented either by their government or by their utility, or in many instances, by both.
This is an exciting time to be in the market. The Caribbean is transitioning away from a decade-long discussion around how to enable a resilient energy matrix, to one focused squarely on how to procure, finance and build world-class clean energy projects in the Caribbean. An array of projects are coming online as we speak and the pipeline is deep.
Reflecting the new era, CREF 2017 is shifting gears. This year's event will feature a full day of interactive project showcases, awards for project excellence, a day-long workshop on renewable integration, and a focus on critical themes such as new sources of financing, the implementation of storage, driving down project soft costs, and much more besides.
From utility scale to distributed generation, storage to smart grids, financing to procurement, energy efficiency to the emerging role of natural gas in the Caribbean, CREF is where the market meets and the discussion evolves.
The Caribbean Infrastructure Forum represents an extraordinary convergence and convening of a market that is in urgent need of substantial investment.
In 2014, the incoming President of the Caribbean Development Bank, Dr. Warren Smith, predicted that US$30 billion would be required over the next decade to modernize the power, transportation, telecommunications, and water and wastewater sectors. As the extent of the threat posed by rising sea levels and unpredictable weather patterns is better understood, so the need to invest heavily in climate resilient infrastructure across multiple sectors has become clear. US$30 billion now looks conservative.
Hosted by IJGlobal, the infrastructure arm of Euromoney Institutional Investor, New Energy Events, the organizers of the Caribbean Renewable Energy Forum, alongside title sponsors CIBCFirstCaribbean and KPMG, CARIF will convene the market and showcase the region’s infrastructure needs, explore structures and partnerships, and introduce Caribbean projects to international sources of financing.
Join us in December in Montego Bay for the Caribbean infrastructure event of the year.
Central America is rich in natural resources and boasts some of the highest penetrations of renewable energy in the world. To date hydropower has dominated the landscape for renewable generation, but as countries look for power sources that don’t come with a high environmental and social price tag, the development of geothermal, wind, solar and biomass have become regional priorities. Factor in a regional transmission line that can carry clean energy across borders, and it is increasingly clear that the Central American market is poised for the next wave of clean energy investment.
Launched in collaboration with CABEI, CAMRIS is the definitive gathering of the Central American renewable energy market. Designed to create transparency around opportunities for investment and project development on a market-by-market basis, CAMRIS will gather a who’s who of regional and international stakeholders for two days of highly granular discussion and debate around the future of the regional renewables market.
Substantial foreign investment is needed over the course of the next decade to revitalize, diversify, and strengthen Cuba’s energy sector.
Investment in renewables is a cornerstone of the Government’s strategy – better known as Cuba’s “energy revolution” – and an ambitious target of 24% from renewable sources by 2030 is the stated objective. Energy from traditional sources, including gas, and updating the Cuban grid will also require substantial long-term investment.
Against this backdrop IJ Global, the infrastructure division of Euromoney Institutional Investor PLC, and New Energy Events, the host of the annual Caribbean Renewable Energy Forum (CREF), will launch the 1st Cuba Energy & Infrastructure Finance Summit in Havana in September 2016.
As the international private sector ramps up its engagement with Cuba, and as U.S. sanctions ease, the Forum will gather senior Cuban officials and leading international investors to assess the current state of Cuban energy infrastructure, delineate government objectives, and explore opportunities and obstacles to international investment.
The Forum is co-hosted by the Cuban Center for Renewable Energy (CETER) and features the confirmed participation of the Ministry of Energy & Mines and the sugar industry (AZCUBA).
In May 2014, the incoming President of the Caribbean Development Bank, Dr. Warren Smith, asserted that “Over the next 10 years, some USD30 billion will be required to modernize and enhance the efficiency of the power, transportation, telecommunications, and water and wastewater sectors. In the energy sector alone,” he continued, “massive investment will be needed to replace obsolete and inefficient generating plant over the next five years and to transform the electricity infrastructure so that the region’s vast renewable energy potential can be exploited.”
Despite the extraordinary need for infrastructure investment region-wide, the Caribbean is frequently categorized alongside Central America by international infrastructure event organizers and given minimal representation in event proceedings. Culturally and geographically distinct, and with very specific needs driven by an all-important tourism industry and high regional energy prices, there is a clear need for an independent forum designed to showcase the region’s infrastructure needs, explore structures and partnerships, and introduce Caribbean projects to international sources of financing.
Against this backdrop CIBCFirstCaribbean, the leading regional commercial bank, IJ Global, the infrastructure arm of Euromoney Institutional Investor, and New Energy Events, the host of the annual Caribbean Renewable Energy Forum (CREF), were proud to launch the Caribbean Infrastructure Finance Forum (CARIF) in December 2016. Taking place at the Hilton Nassau, The Bahamas, the event gathered over 100 stakeholders drawn from key regional public sector entities and leading Caribbean and international providers of capital.
The launch of CARIF also signifies a commitment to expand our year-round reporting on the regional market. Expect to see more interviews, more deal coverage - more exposure, broadly, for activity around critical regional infrastructure projects.
We will announce dates and a venue for CARIF 2017 shortly.
In the wake of a record year for GEOLAC in 2015, we are excited to announce that the 4th Annual Geothermal Congress for Latin America and the Caribbean (GEOLAC) will be hosted in Mexico, a dynamic energy market, one rich in geothermal, and one with a clear roadmap to future development. GEOLAC 2017 is co-hosted by the World Bank Group.
GEOLAC 2017 will explore the prospects for regional geothermal in an era of historically low renewable costs. Prices for solar and wind PPAs are smashing records region-wide. How is this impacting geothermal development? Are governments valuing geothermal appropriately given its ability to deliver firm capacity? How do developers view the regional markets vs. geothermal markets world-wide?
Working alongside our development partners, led by the World Bank Group, GEOLAC 2017 will gather key stakeholders – governments, utilities, multilaterals, developers, capital providers, and other providers of expertise – to explore opportunities for increased geothermal output, tackle obstacles to development, promote the exchange of knowledge and expertise, and facilitate vital new meetings and relationships.
Ultimately, GEOLAC will serve to catalyze the development of world-class geothermal projects in Latin America & the Caribbean.
The Government of Haiti with the support of The World Bank, the Korea Green Growth Trust Fund, and Électricité d'Haiti, is pleased to host the Haiti Sustainable Energy Forum, at the Marriott Port-au-Prince Hotel from June 12 - 13, 2017.
The new President of Haiti, Jovenel Moïse, has indicated that the reform and development of the country's energy sector is a priority item for his Government. This has translated into a clear Government roadmap towards energy access and renewable energy development.
Haiti has significant renewable energy resources and abundant, largely untapped, opportunities for investment. Conditions for investment are improving. The Government and supporting donor organizations such as The World Bank, have, for example, conducted wide-ranging analysis of the sector and have put in place substantial incentives to facilitate entry into the market.
The Haiti Sustainable Energy Forum will provide clear insight into the overall readiness for investment of Haiti's energy sector. Leveraging a new momentum in Haiti to address critical energy issues, the Forum also serves as a platform to introduce potential investors to specific opportunities in Haiti, and to showcase new sources of donor capital to finance these opportunities.
All presentations will both be in French and English and simultaneous translation will be available.