CREF Insights Webinar
Join us for this webinar on Jun 07, 2017 at 10:00 AM EDT.
As we prepare for the ninth Caribbean Renewable Energy Forum (CREF) in Miami, October, we are delving into critical topics that are shaping the future of the region’s energy market.
Across the Caribbean, no-one disputes that energy storage is here to stay. Implementation – particularly from a financial perspective – is everything. This New Energy Events CREF Insights Webinar gathers a utility – WRB – considering storage options, a developer – Quadran – that has constructed a wind and storage project in the Caribbean, and a consultant – Clean Horizon – that brings a global perspective to the table. The panelists will explore the latest trends in storage and analyze opportunities and hurdles to the scaling up of storage region-wide.
– Michael Salomon, CEO, Clean Horizon
– Murray Skeete, VP, Engineering & Regulation, WRB Enterprises
– Denis Lefebvre, Director of Prospects & Networks, Quadran
– Julie Taylor, Editorial Director, New Energy Events
In the lead-up to the Cuba Energy & Infrastructure Summit (Sept 1 & 2, Havana, Cuba), New Energy Events and IJGlobal will gather key stakeholders for an interactive webinar to begin the process of discovery, and of the dig down into the state of the Cuban energy sector and the role for foreign investment.
Over the last decade, the Cuba government’s Revolución Energética drastically reduced fossil fuel usage and carbon emissions through energy efficiency measures. The revolution’s grassroots approach focused attention on cutting energy use at the household level and did so with impressive results – between 2006 and 2008 alone, the initiative replaced over 3.5 million household appliances and 94 million incandescent light bulbs.
While the revolution has made notable strides in some areas, opportunities for investment in renewable energy remain largely untapped. As of 2015, renewables accounted for just 4% of Cuba’s energy and the country is still largely dependent on oil imports.
Last year, however, the Cuban government put into motion a shift to expand its focus to include greater integration of renewable energy by setting a target for 24% renewable penetration by 2030 and cracking the door to increased foreign investment.
Over the course of the webinar, speakers will address that most fundamental of questions i.e. where do you start? Who do you call first in Cuba and abroad if you want to begin the process of establishing a line into Havana? Which are the critical government agencies to get to know? What are the most obvious stumbling blocks?
Speakers will also respond to the following topics and questions:
– How committed is the Cuban government to securing foreign investment in the national energy sector?
– How are conditions changing in Cuba and how is the thaw in U.S-Cuba relations impacting, in real time, prospects for investment?
– Are international investors receiving a warm response in Havana?
The Cuba Energy & Infrastructure Summit
For those interested in exploring the lay of the land, New Energy Events, working alongside IJ Global and local partner, the Cuban Center for Renewable Technologies, will host an invite-only energy investment summit in Havana on September 1st and 2nd. The event features the participation of key stakeholders such as Rosell Guerra, Director of Renewables at the Ministry of Energy and Mines, and Barbara Hernandez, Director General of Power Generation for the sugar industry (AZCUBA). The summit, the first of its kind to be held in Havana, will explore the role of international capital in the modernization and diversification of Cuba’s grid. For more information visit the event website here.
The Caribbean Utility and Energy Efficiency: New Approaches to Promoting Commercialization and Investment
As part of its mandate to promote resilient energy matrices region-wide, CARICOM has identified the promotion of investment into energy efficiency programs and projects as a priority action item.
The Caribbean Community (CARICOM) Secretariat and New Energy Events co-hosted a webinar focused on new approaches to the commercialization of energy efficiency programs and projects in the Caribbean.
Despite the obvious potential for investment in energy efficiency across the Caribbean, the markets are yet to take off in any meaningful way. The unavailability of sustainable and affordable financing is widely recognized as the most significant hurdle to commercialization. The webinar will explore an emerging alignment of stakeholders around energy efficiency investments, and examine a number of innovative approaches to financing.
Topics will include:
• How do we introduce investment in energy efficiency into the mainstream?
• How do regional utilities look at investment in EE initiatives from a long-term ROI perspective? How can we align economic incentives to motivate utilities to invest in EE?
• What can we learn from the experience of other markets and other utilities? Hawaii, for example?
• What is the Integrated Utility Service (IUS) model? What can we learn from the initial experience in Fort Collins?
• How might utility-centric EE programs align with public sector and multilateral objectives and with what implication for the financing of EE programs?
• How do we de-risk EE investment?
• What are the opportunity costs associated with the inability of the current “market will deliver” philosophy to tap the regional EE potential?
• What are the key stakeholders – utilities, utility regulators, governments, multilaterals and private investors – prepared to do in order to deliver clean, efficient, reliable and cost-effective energy services to end-users?
The 21st Annual United Nations Framework Convention on Climate Change Conference of the Parties, COP 21, saw the adoption of landmark commitments by the global community to keep global temperature increases below 2 degrees Celsius pre-industrial levels.
Under the auspices of CARICOM, many Caribbean states banded together during the negotiations to acknowledge the severity of current impacts of climate change on the region and the need to mitigate and stem future damage. In 2015 alone, Grenada saw a 300% loss of GDP as the result of one storm and Dominica had to delay drilling on a key geothermal well for the same reason.
While the adoption of the framework is a huge success, is it enough to make a difference for the low-lying, small-island states that advocated for “1.5 to stay alive”? During the COP 21 talks, Bahamas Prime Minister Perry Christie stated that “for the Bahamas, which has 80 percent of its land mass within one metre of mean sea level, climate change is an existential threat.”
While the adoption of the Paris Agreement at the 21st annual United Nations Framework Convention on Climate Change is a potential game-changer, is it enough to make a difference for the low-lying, small-island states that advocated for “1.5 to stay alive”? Over the course of the webinar, panelists discuss the following:
– What measures will small-island states need to take to adapt to the inevitable impacts of rising sea levels and increased storm severity? Do they have the capacity – capital and human resources – to implement these measures?
– Are regional and international development organizations coordinated and constructively engaged?
– What Nationally Determined Contributions (NDCs) to reducing emissions did Caribbean states commit to and how will renewable energy play into attaining these targets?
– What mechanisms/tools – e.g. financing, regulatory, policy – will be most useful to achieving NDCs over the next five years?
On February 1st, 2016, the IDB and IRENA co-hosted a webinar with New Energy Events to discuss how to get grant funding for renewable energy projects through the Sustainable Energy Marketplace.
Cómo se puede participar en el Mercado de Energía Sostenible y conseguir fondos para su proyecto de energía renovable
El 1 de febrero de 2016, el BID e IRENA organizaron un webinario, junto con New Energy Events, acerca de cómo conseguir subvenciones para financiar proyectos de energía a través del Mercado de Energía Sustentable.
Identifying the trends in the global energy markets which will shape decision-making and the development of renewables in the Caribbean in 2014