Madrid, October 20th
Experts in renewable energy have discussed today in Madrid the real conditions that exist in Spain for the development of a new business opportunity in the field of renewables-based energy production and sale in the market (pool) and not, as had happened so far, with the subsidies to the generations (FIT´s). The Round table has been organized by Marimon Law firm.
The panel discussion, moderated by Jose Antonio Rodriguez and Federico Belausteguigoitia from Marimon Abogados, were participating the Deputy Assistant Director- General Electric Power, Maria Jimenez Navarro; Suddeutsche Invest CEO, Juan Francisco García Moro; the Director of Aon Risk Solutions Energy, Diego Lopez de la Serna; the Director General for Spain and Portugal Management öyry Consulting, Antonio de Juan, and the Director of Structuring and Natural Gas Axpo Iberia, Antonio Canseco.
Unlike the first phase of development of renewable energies in Spain, characterized by access subsidies, the main risk of this model lies in the ability of promoters and funders to design financing schemes based on the calculation the future performance of the projects, which in turn is influenced by changes in energy prices that may occur over the lifetime of the installation.
At the conference were presented some of the solutions that the industry is proposing to cover the risks of volatility in the energy prices so as to lessen the risk and real projects that are currently running under this new scenario in the absence public subsidies.
As was highlighted at the round table, these project snare already arousing great interest between the institutional investors, pension funds and infrastructure funds that surely drag to financial institutions, which expressed their interest and expectation with this new challenge of renewable energy in the Iberian Peninsula.
Among the attendees highlighted a number of Spanish and foreign institutional investors, developers, builders and major Spanish financial institutions.
The real case, which was exposed by Juan Francisco García Moro from Suddeutsche Invest, was a project of 46 MWp solar photovoltaic that the company is marketing for the Spanish EPC firm Solaer. With this particular example the assistants could verify the different alternatives offered by the market and the returns today can obtain investors and the outcome was clearly positive about these kinds of investments.
More information here.