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 grid resilience in the face of extreme weather events, as well as on 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.
Director of Projects, Islands Energy Program Rocky Mountain Institute – Carbon War Room
NETWORKING COFFEE BREAK
RENEWABLES: The True Cost Session
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?
ENERGY STORAGE: A Granular Roadmap from Procurement to Implementation
This session, which is co-presented by the Caribbean Development Bank (CDB), brings two world experts on energy storage systems to present a roadmap for the procurement and implementation of storage on island grids.
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 Resilient & Clean Energy Future
How do we incorporate lessons learned to date to create 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 OPENING RECEPTION
REGISTRATION & COFFEE
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.
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?
Across the region, 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? How will the passage of Irma and Maria impact the environment for project development? What are EPC and the insurance industry’s perspectives on current market conditions?
Meister Consultants Group, A Cadmus Company Vice PresidentModerator
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?
CleanTech Methods, Inc. Executive DirectorModerator
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, readiness for deployment and, critically, resilience.
RENEWABLES & INFRASTRUCTURE: Clean Energy Investment Opportunity
Renewables are transforming the electrification of Caribbean ports and airports. 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? Are "local" distributed systems the most effective way to bake resilience into systems powering Caribbean infrastructure assets?
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? Are distributed systems an effective means to build resiliency into regional power systems? Where in the region is C&I poised to take off? Where is financing coming from for DG projects in the region?
Advanced Energy Centre | MaRS Managing DirectorModerator
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. The session will also feature an update from both jurisdictions on the status of the grid post-Irma.
CARIBBEAN 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 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. Bringing together existing leadership from key Caribbean organizations, this session will also explore a collaborative approach to rebuilding, reconstruction – and resiliency – post the 2017 hurricane season.
United Nations Former Assistant Secretary GeneralModerator
PUERTO RICO: Reconstruction, Resilience & Renewables Post-Maria
What is the state of Puerto Rico’s grid post-Maria and what options does Puerto Rico have to build back a power system which is more resilient? Although PREPA has filed for debt restructuring, the federal statute provides for special provisions in Title V that facilitate the development of critical energy projects in Puerto Rico. Before Maria, six projects had already been submitted to the PR Government for designation as “critical projects”. Where will the funding come for reconstruction?
Public Service Commission of the District of Columbia Former Chief of InfrastructureModerator
ENERGY STORAGE: Regional Opportunity & Need
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.
Energy Storage Association Vice PresidentModerator
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 33 MW Monte Plata solar project developed by Soventix, and the 50 MW Pecasa wind project developed by Akuo.
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, and in the wake of the passage of Irma and Maria, 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? After we've restored power networks region-wide, is there an opportunity to innovate and invest to build a new generation of highly resilient infrastructure?
Worldwatch Institute Senior Fellow and Caribbean Program Director Moderator
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 Moderator
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.
Hybrid Solutions & Storage, SMA America Business Development and Sales ManagerModerator
FUTURE OF TRANSPORTATION
Track 2 (11:30am - 12:30pm)
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?
Caribbean Clean Energy Program Chief of Party Moderator
MARTINIQUE: 40 MW Biomass Co-Generation Plant
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?
Caribbean Renewable Energy Forum (CREF), Chairman IADB, Executive DirectorModerator
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.
NEXT GENERATION MICROGRIDS: Where New Tech Meets Grid Resilience
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. Many also view interconnected microgrids as the resilient future of island grids across the region. How is the next generation of hybrid systems shaping procurement of generation across the Caribbean?
Rocky Mountain Institute Manager, Islands Energy ProgramModerator
INTERCONNECTING ISLANDS: Exporting Energy & Resilience
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. That discussion has been thrown into sharp relief by recent weather events: are interconnected island grids a feasible way to build resilience into systems? Who will build, who will finance, who will own interconnection assets?