Investment Prospects Draw Industry Leaders to OPIC Renewable Energy Conference
April 9, 2010
WASHINGTON, D.C. – Drawn by massive investment prospects, leaders in the renewable energy and clean technology sectors – from top investment firms and international financial institutions to U.S. government agencies and small businesses leading the way into emerging markets – stand to make an upcoming investment conference sponsored by the Overseas Private Investment Corporation (OPIC) a indispensable event on the international calendar.
Among the scheduled speakers are Nobel Peace Laureate Dr. Rajendra Pachauri, who is keynote speaker; senior executives from the American Council on Renewable Energy, William J. Clinton Foundation, African Development Bank and Asian Development Bank; industry experts fromPricewaterhouseCoopers, Southern Energy Partners and U.S. Renewables Group; and high-level officials from the Export-Import Bank of the United States and the Office of the U.S. Trade Representative.
Together with representatives of companies that have already led U.S. investment into developing countries, the speakers will identify for conference participants strategies for investing successfully in renewable energy and clean technology projects in emerging markets, and identify markets where prospects are particularly lucrative.
Investment prospects are indeed massive: According to a 2009 report by the Renewable Energy Policy Network, between 2004 and 2008, solar photovoltaic capacity increased sixfold, wind power capacity increased 250 percent, and total power capacity from new renewables increased 75 percent. Global revenues for solar photovoltaics, wind power, and biofuels expanded from $76 billion in 2007 to $115 billion in 2008. Renewable energy is particularly suited for developing countries, where distribution of energy generated from fossil fuels is often difficult and expensive. Kenya, for example, has the world's highest household solar ownership rate with roughly 30,000 small solar power systems sold per year.
The OPIC conference, entitled Renewable Energy & Clean Technology: Accessing Opportunities in Emerging Markets, will be held May 5-7 at the Shangri-La Hotel in New Delhi India. Information about the conference may be found at www.opicevents.com.
The conference is designed to identify investment opportunities in the renewable energy and clean technology sectors. Industry leaders in solar, wind, hydro, biomass and clean technology development, along with investment professionals, foundation representatives, bankers, private equity managers, and U.S. and local government officials will provide insights into investment opportunities in the renewable energy and clean technology sectors in Africa, Asia, eastern Europe and Latin America, as well as financing tools available to take advantage of them.