The 11th annual Renewable Energy Finance Forum-Wall Street (REFF-Wall Street) has come to a very successful close!
Hosted last week by ACORE and Euromoney Energy Events, the always-impressive cadre of top leaders from the financial industry, the renewable energy sector and the States of New York and California pointed to successful state-driven policies to spur private capital, along with the convergence of information technology with energy technology as critical drivers for the industry – especially while federal programs remain widely inconsistent.
This year’s REFF-WS drew over 60 expert speakers from the public and private sectors as well as the renewable energy finance field to address the gathering of over 600 delegates. Discussions focused on pressing issues as the clean energy markets are reaching a tipping point while the industry again deals with uncertainty due to a continued lack of clarity around federal tax incentives, and with the mid-term elections less than six months away.
Several of this year’s speakers and the attendees highlighted the success of state-driven policies including New York’s and Connecticut’s Green Banks, California’s cap & trade mechanism and Hawaii’s GEM program. On the federal side, although there remain a lot of questions as to the ultimate policy outcomes, many of the REFF-Wall Street participants were bullish about the potential positive impact of the EPA’s proposed carbon regulations.
With more clean energy being developed, there was consensus among participants that more innovative financing mechanisms are emerging, such as YieldCos, green bonds and securitizations. Yet certain obstacles remain – for example, project level financing, efficiency of tax equity and the ability to extend REITs and MLPs to clean energy. In addition, several speakers remarked on the how the convergence of information technology with energy technology is empowering consumers while disrupting everything from traditional utility models, to household gadgets, to transportation.
ACORE friend, partner and the Managing Director of Euromoney Energy Events, Henry Hely Hutchinson wrapped up the event by commenting: “It is an honor, a privilege and a pleasure for us at Euromoney Energy Events to be able to collaborate with ACORE on REFF-Wall Street.”
We couldn’t agree more, and we’re excited to replicate the dynamic discussion and event at REFF-West this coming September 16-17th – sign up today and we’ll see you there!