The CREF Utility Leaders Workshop (ULW) is the cornerstone of CREF’s offering to senior utility executives. This year’s ULW will focus on critical issues around the procurement, integration and implementation of renewables and storage on to island grids. The ULW is co-hosted by the Caribbean Development Bank (CDB) with the support of the Rocky Mountain Institute (RMI).
The CREF ULW is complimentary for all senior Caribbean utility executives. Utilities should contact us to receive a discount code to apply to the online registration. The workshop is an optional registration item for all other CREF attendees. The incremental fee to attend the Workshop is US$625.00. You will be provided with the option to register for the Workshop when you register for CREF.
Caribbean Development Bank Head, Renewable Energy/Energy Efficiency Unit
Visual presentation of penetration of renewables on island grids across the region, measured against stated national / island targets.
UTILITY CEO TEE-OFF AND CARILEC VISION: What and Where are the Regional Pain Points?
– Digging beneath stated goals and objectives to reveal utility pressing pain points across workshop participants – and across the region
– Establishing workshop-wide consensus on the critical issues that need to be addressed now, leveraging regional lessons learned, to achieve objectives
On a levelized cost basis, renewables are often less expensive; why has uptake been slow?
– Soft costs, high returns, and high costs of capital have often led to higher than anticipated all-in costs
– Analyzing and mitigating unseen costs (e.g. energy storage) that may be hindering RE deployment in the region
– Putting numbers on the true cost to the utility: new infrastructure, energy storage, tariff implications
— Broken down by distributed generation, utility owned, decentralized
– Understanding the limitations of RE penetration
— Costs, land, technical barriers
– Can we identify the current grid penetration sweet spot? e.g. 20%, 30%, 50%?
DISTRIBUTED GENERATION AND GRID MIGRATION: New Data, New Models
What is the least cost business models to deploy DG? Should the utility own everything?
– DG works to low penetration levels but that capacity usually gets taken up quickly by more affluent residences or commercial facilities. How do we provide more equity in DG across the Caribbean?
– What is the right balance for DG in terms of installed capacity and ratepayer vs. utility costs?
– Who’s doing DG and making it work? How? And what progress is being made against the country’s / utilities stated RE energy goals?
GRID INTEGRATION CASE-STUDY: Anguilla’s 1 MW Solar PV & Storage
Presentation and interactive Q&A focused on the performance of the 1 MW Solar PV plant financed by the Caribbean Development Bank
– Analysis of subsequent plan to acquire battery storage to assist with load management and grid stabilization
ISLAND CASE-STUDY: Beyond RE Assessments & Roadmaps – A New Era of Island IRPs
Analyzing the National Energy Transition Strategy (NETS) processes and outcomes in St Lucia and St Vincent & Grenadines
– How effectively have these grid and procurement “deep dives” uncovered the true least cost / least carbon pathways.
– What is the distinction between these types of IRPs and the traditional utility-sourced IRPs and government-sourced roadmaps?
– What can we learn from the Lucelec and Vinlec experience?
MOVING FORWARD: Next steps for a Caribbean Clean Energy Future
How do we incorporate lessons learned to date to create the right stakeholder engagement and alignment towards a new Caribbean Energy Future which engages the utility, policy-maker, regulator, solution provider – and the supplier?
WRB Energy Vice President of Engineering and Regulation
CREF 2017 WELCOME REMARKS
THE STAGE-SETTER: Global Trends Shaping Investment in Clean Energy in the Caribbean
President Trump’s reversal of the U.S. commitment to the Paris Agreement looks unlikely to throw the renewables train off course. How will it impact the flow of climate funding to the region, so obviously critical in the wake of Irma and Maria? Elsewhere, PPAs for wind and solar across, for example, Latin America are hitting historic lows and storage is coming online fast to offset the new turbulence on national grids. How will those trends impact the pricing and execution of projects in the Caribbean? This panel will also assess the geopolitical and economic landscape and assess how global trends will shape the trajectory of investment in the Caribbean over the course of the next decade.
Former President, Republic of Costa Rica Carbon War Room, BoardModerator
CARIBBEAN ENERGY LEADERS: THE VIEW FROM THE TOP
As we rebuild after Irma and Maria, do energy leaders now need to invest more resources to build resiliency in the face of a rapidly changing climate? How can the region influence and guide international donor agencies? The Caribbean is not far from the cutting edge when it comes to the integration of renewables on to national grids. The region has seen a slew of utility scale and DG projects over the course of the past 12 months and storage is here to stay. What significant hurdles lie ahead for the region? How can policy-makers and utilities best align to streamline the planning and procurement of generation? Can we achieve scale and procure on a regional level? Do we believe that the export of surplus baseload from island to island is feasible?
NEW PROJECTS, NEW REGIONAL RANKINGS: CREF-Castalia Island Index and Project Marketplace
Exploring and understanding the results of the annual CREF-Castalia Island Index which measures the investability of the Caribbean on an island by island basis. Which countries are primed for investment in renewables? How do the findings compare with the insights of other entities active in the region? Also: presenting the Marketplace, a proprietary database of regional utility scale and distributed generation projects in various stages of financing and execution.
NEW APPROACHES TO PROCUREMENT I: Alignment and Investment
In a world of multiple sources of baseload, intermittent sources of energy and storage, IRPs empower utilities and islands to procure a diverse array of generation types. How are policy and regulation evolving alongside new procurement methods? How can aligning regulatory and policy entities optimize long-term growth? How should projects supported by climate finance fit into the planning process?
Rocky Mountain Institute - Carbon War Room Director of Islands Energy ProgramModerator
Financier & Investor Perspectives: How bankable are Caribbean projects in today's low margin environment?
In a new era of project development in the Caribbean, and as PPA prices continue to fall, how attractive to investors and financiers are projects coming out of the region? How is the squeeze on margins impacting returns? How does the Caribbean compare alongside Latin America, currently in the midst of a solar and wind boom? Now renewables are moving into the mainstream, can we expect to see the commercial banks taking a piece of the debt action? And what of the equity investors? How comfortable are they with the risk profile of regional deals? Are deals more or less bankable today than a year ago?
IFC Chief Investment Officer, Infrastructure Group
Project Execution in a Buyers Market
It’s a buyers market: competition for projects is fierce, PPAs are falling, and utilities are deploying sophisticated procurement tools to attract investors and secure competitive bids. For utilities and regulators, is this a race to the bottom and do we run the risk that developers will need to cut corners to get projects to close? Is the focus too much on price and not sufficiently on delivery and execution? What tools do developers have in their arsenal to maintain margins even on historically low PPAs. What are EPC perspectives on current market conditions? Can we point to regional examples where the procurement process has ticked all the boxes?
Gowling WLG Partner, Leader - Renewable Energy Group
NEW APPROACHES TO FINANCING: Leveraging the Donors to Unleash Private Capital
The multilaterals have laid the financial foundations for the clean energy market in the Caribbean and spearheaded its development. As we enter a new phase of project development and regional competitiveness, how can we optimize and leverage donor capital to release private capital to projects? Are multilaterals increasingly competing with private capital and is this healthy or problematic?
Portland Private Equity Environmental, Social and Governance Expert
NETWORKING COFFEE BREAK
NEW APPROACHES TO PROCUREMENT II: The Changing Face of Baseload in the Caribbean
For most Caribbean islands, intermittency is on the rise, making baseload arguably more – not less – essential. Utiltiies, though, have a broader range of options then in the past and are looking beyond the traditional source of diesel for firm power. Biomass, natural gas, waste-to-energy, ocean thermal and geothermal are all on the table, but how credible are they? If diesel is our benchmark, how do other sources match up in terms of pricing, volatility and readiness for deployment?
Wärtsilä Vice President, Development & Financial Services, Inc.
RENEWABLES & INFRASTRUCTURE: Clean Energy Investment Opportunity
From Puerto Rico and the Dominican Republic to St. Maarten and St. Lucia, renewables are transforming the electrification of Caribbean infrastructure. This panel will explore a portfolio of ongoing and completed projects across the region, analyzing the procurement process and evaluating their success criteria. What opportunities are currently emerging across the region for investment?
How is distributed generation shaping the regional energy matrix and how are utilities adapting in this growth period? Do Caribbean utilities regard DG as an existential threat or a game-changing market growth opportunity? How is DG supported by the policy and regulatory environment across the region and where is it working for all stakeholders? Where in the region is C&I poised to take off? Where is financing coming from for DG projects in the region?
Export-Import Bank of the United States Director of Business Development – Environmental Exports
TWO ISLANDS, TWO GEOTHERMAL PROJECTS: St. Kitts & Nevis
Two islands under one flag, St. Kitts and Nevis are each pressing ahead with their own geothermal projects. As both projects become more likely, Minister Troy Liburd of Nevis and Minister Ian Liburd of St. Kitts take the stage to explore how the two projects will complement each other and address key questions from investors around bankability.
Nevis Island Administration Minister of Works, Public Utilities, Natural Resources & Environment
NETWORKING COCKTAIL RECEPTION
Energy Leadership and the Power of Networks
With the renewable energy sector growing rapidly in the Caribbean, leadership that cohesively brings together wide ranges of skillsets, technological expertise, and the right stakeholders is critical. A focus on developing future leaders, whether they be utilities leading the integration of renewable energy in small island grids or women leaders in the clean energy space, is becoming increasingly essential. But how are these leaders developed? This session will focus on how a collaborative approach will allow effective leaders to emerge and succeed featuring panelists from the Women in Renewable Energy (WIRE) Network, the CARILEC Renewable Energy Community (CAREC) and CARICOM.
PUERTO RICO: Renewables Post-PREPA’s Bankruptcy Filing
Although PREPA has filed for debt restructuring, the federal statute provides for special provisions in Title V that facilitate the development of energy projects in Puerto Rico. Six projects have already been submitted to the PR Government for designation as “critical projects”. This session will gather Puerto Rican leaders to explore the impact of this, and other critical regulations and statutes, on the pipeline of renewable projects in Puerto Rico.
The session will showcase the top line findings of the 2017 CREF/Clean Horizon report on opportunities and obstacles to the scaling up and procurement of energy storage systems region-wide. Gathering leading global storage providers, the panel will also explore successful examples of procurement and implementation on island grids
DOMINICAN REPUBLIC: Tripling Renewable Capacity in 18 Months
361 MW of capacity, representing $780m in private investment, is scheduled to come online in the Dominican Republic in the next 18 months. Going under the spotlight over the course of this session are the 50 MW Secasa, 33 MW Monte Plaza, 50 MW Agua Clara and 58 MW Montecristi projects.
In a region where hurricanes are a matter of course, resilience has always been baked into the business model. As changes to the climate accelerate, however, there are unfolding implications for the generation, transmission and distribution of electricity. What are the critical risks and how are utilities working to overcome them? Who will finance the upgrading of systems and infrastructure? Investment with a measurable ROI or sunk cost? Are there opportunities for utilities? And for the private sector? Where can we point to innovation on island grids?
Latin American & Caribbean Council on Renewable Energy (LAC-CORE) Board Member
BARBADOS: BLP’s 10 MW St Lucy Solar Project
Emera Caribbean has led the charge to utility-owned renewables in the Caribbean with a 10 MW solar installation in Barbados at Trents in St. Lucy. In an onstage interview with BLP’s CEO, this session will explore critical issues around the procurement and execution of the project. The session will also explore how the solar plant aligns with BLP’s IRP completed in 2014 and what plans the utility has for future investment in renewables.
Director of Projects, Islands Energy Program Rocky Mountain Institute – Carbon War Room
NETWORKING COFFEE BREAK
ST. EUSTATIUS: Solar & Storage – Phase II
St. Eustatius Phase 1 saw the construction of a ground-breaking 2 MW solar/1 MW storage hybrid plant. St Eustatius Phase 2, to be commissioned in September, adds 2.25 MW of solar and an additional 5.5 MWh Storage, equating to 46% of the island’s fuel consumption. Utility perspectives on the procurement and construction of both phases.
Presenting a multi-stakeholder session exploring building blocks for a successful roadmap to the scaling up and procurement of EVs/AFVs in the Caribbean. Perspectives from manufacturers, policy-makers, utilities and financiers. How do we put in place the infrastructure to scale up and sustain the widespread adoption of economical and clean transportation?
The construction of Albioma’s US$245m 40 MW cogeneration biomass plant in Martinique is underway. The plant is due to come online in Q4 2017. This session gathers, for the first time on a public stage, the counterparties: the utility (EdF), the IPP (Albioma) and the feedstock provider (Enviva). Why did EdF move forward with biomass? Is it competitive? Is this replicable outside the French Caribbean?
Enviva Director, U.S. Market Development & Government Affairs
Jamaica’s Paradise Park: 37 MW at 8 cents kW/h?
Eight Rivers and Neoen set a regional record in 2016 when it signed a PPA for a 33.1 MW solar plant at 8.54 US cents/kWh. At the time many questioned whether a PPA in Jamaica at that price level was bankable. This spotlight session will explore, one year on, progress towards financing, and the developer’s approach to the project to ensure profitability.
This session will showcase two projects in various phases of development in Cuba. One, Havana Energy, has a joint venture with the Cuban government, secured financing on a PPA and broke ground earlier this year on the first phase of its biomass project. The other, Hive Energy, has an MOU with the Government for a 50 MW solar installation making it, potentially, the first foreign company to develop a project outside a JV with a Cuban entity.
A confluence of high electricity costs, falling prices, and new technology have encouraged isolated communities, hotels and large corporations to explore alternatives to the grid. How is the next generation of hybrid systems shaping procurement of generation amongst large C&I entities?
Demand Energy Vice President of Market & Business Development
Energy Exports and Interconnecting Islands
As momentum builds for geothermal on small islands, there is a renewed interest in the economics and viability of subsea interconnection and the cross-border sale of excess capacity. Can the Caribbean make this happen? Who will build, who will finance, who will own the assets?