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Wind Panel Discussion to Highlight OPIC Conference on Renewable Energy and Clean Technology

April 16, 2010

WASHINGTON, D.C. – An analysis of wind energy’s prospects in emerging markets, conducted by some of the top international investors in renewable energy projects, will be a centerpiece of an upcoming conference on renewable energy and clean technology sponsored by the Overseas Private Investment Corporation (OPIC).

Among the wind energy panelists at the OPIC conference are the managing partner of US Renewables Group, one of the world’s largest investment firms focused exclusively on the renewable energy industry; a partner at Southern Energy Partners, a renewable energy company currently investing in India; and chairman and CEO of Oriundus Asset Management Company, a renewable energy fund focusing on the Indian subcontinent, Middle East and North Africa.

The panel discussion promises to raise issues central to wind energy’s prospects in emerging markets, such as the structure of power purchase agreements; the price levels of wind turbines needed to make wind competitive with other energy sources; and the level of credit support required by off-takers

Wind energy is an attractive alternative to fossil fuels because it is plentiful, renewable, clean, and produces no greenhouse gas emissions. The total amount of economically extractable power available from the wind is considerably more than present human power use from all sources, according to the Claverton Energy Research Group.

Moreover, its use it growing quickly: world wind generation capacity more than quadrupled between 2000 and 2006. The following year, the Global Wind Energy Council recorded an increase of installed capacity of 20 gigawatts, taking the total installed wind energy capacity to 94 GW, up from 74 GW in 2006.

In terms of economic value, the wind energy sector has become one of the important players in the energy markets, with the total value of new generating equipment installed in 2007 reaching $36 billion.

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

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.

The wind energy panelists are:

Lee Bailey
Managing Partner, US Renewables Group
US Renewables Group (USRG) is one of the largest investment firms focused exclusively on the renewable energy industry. USRG was founded in 2003 and has mobilized $750 million of capital commitments to invest in renewable power, biofuels, and renewable infrastructure sectors.

Ramesh S. Akella
Chairman & Chief Executive Officer, Oriundus Asset Management Company
Oriundus Asset Management Company is a renewable energy fund focusing on the Indian sub-continent, Middle East and North Africa

Gary Sigel
Partner, Southern Energy Partners 
Southern Energy Partners, LLC, based in Memphis, Tennessee, was established in 2006 for the purpose of investing in renewable energy projects in emerging markets.  In 2007, SEP invested in its first project, installing and operating  wind turbines on a wind farm in the state of Tamil Nadu in India.

Venu Nambiar
Managing Director, AES Oasis
AES Oasis, Ltd. owns and operates electric generation and water desalination plants in Oman and Qatar. In addition, the company owns and manages selected AES power generation and water desalination assets in the Middle East and South Asia. AES Oasis, Ltd. operates as a subsidiary of The AES Corporation.