Patrick Eble is an intern at the American Council on Renewable Energy (ACORE). He is interested in renewable energy finance and has conducted research on new financial instruments in the renewable energy space and international investment in emerging renewable energy markets. He has also analyzed trends in the U.S. solar industry, creating a financial model to understand state-specific risks and opportunities. He is a graduate of Princeton University and will be attending the University of Cambridge, Cambridge, U.K., in the fall to pursue a Master's in Environmental Policy.
While China has been grabbing the attention of the Asia-Pacific market and Mexico and Peru have been making headlines in Latin America with record low auction prices, developers looking to further expand in those markets should look to two countries: India and Argentina. The Indian government released big news for renewable energy developers in July as the Ministry of New and Renewable Energy (MNRE) announced its plan to double the large-scale solar target from 20 to 40 GW by 2020. Argentina is also prepared for increased growth in renewable energy capacity as the country plans its first renewable energy auction under President Mauricio Macri’s "RenovAR" program in mid-August. Savvy project developers and investors who can navigate the political landscape of these countries will find new and unprecedented opportunities for growth and return on investment.