NEW YORK, NY – The 2023 ACORE Finance Forum returns to New York City on June 7-8, bringing together leaders from across the renewable transaction landscape–investors, developers, utilities, manufacturers, advisors and buyers–to assess risk mitigation amidst uncertainties with the Inflation Reduction Act (IRA) implementation, ongoing inflation, permitting challenges and transmission constraints. At the Finance Forum, the American Council on Renewable Energy (ACORE) will also release its annual Expectations for Renewable Energy Finance report, which will include survey results of prominent financial institutions and renewable energy development companies on their appetite for renewable investment and development over the next three years.
“With the enactment of the IRA, there is a great deal of capital ready to flow into the renewable sector,” said ACORE President and CEO Gregory Wetstone. “The ACORE Finance Forum brings together the most essential voices from finance, industry, and government to assess the new investment landscape and identify the most promising pathways to maximize renewable growth under the new law.”
Jigar Shah, Director of the U.S. Department of Energy’s Loan Programs Office, which has the ability to loan companies billions of dollars to help finance clean technology projects, will provide keynote remarks.
At the conference, leading renewable sector executives will identify how IRA provisions are changing their approaches to siting projects, sourcing content, and accessing financing. Tax equity providers and developers will debate opportunities and challenges for expanding the market, including the impact of financial regulations, changes to project structures, and other issues. And recent political actions will be front and center as speakers discuss topics that include ESG investing, domestic manufacturing, transferability, and direct pay.
“I always look forward to the conversations at the ACORE Finance Forum, and this year’s conference could not come at a more pivotal time for financing America’s energy transition,” said Mit Buchanan, J.P. Morgan, Managing Director of Energy Investments. “The IRA, particularly its provisions that address constraints in the tax equity marketplace and facilitate credit monetization, has opened the door for an incredible amount of renewable energy deployment and business opportunity.”
“IRA is changing the playing field but with that comes the need to shift how we approach building out renewable infrastructure,” said Hunter Armistead, CEO of Pattern Energy. “We need to think bigger and embrace large-scale, complex projects that will unlock our vast renewable resources, modernize our grid and accelerate the energy transition.”
“As we continue to navigate the complexities of our changing energy landscape, I am thrilled to join the esteemed speakers at the ACORE Finance Forum and discuss the pivotal role that renewable energy can play in driving innovation, creating jobs, and building a more sustainable future,” said Laura Beane, President of Vestas North America.
“ACORE has been gathering the brightest minds in renewable energy for a long time,” said Blair Anderson, Director of Public Policy at Amazon Web Services. “With the Inflation Reduction Act driving progress, I believe this year’s Finance Forum will be an even more fruitful discussion as we explore ways to harness that progress for renewable power.”
Speakers participating in the ACORE Finance Forum will include representatives from Amazon Web Services; Bank of America; BlackRock; BloombergNEF; CIBC Capital Markets; Climate Access Fund; Covington & Burling; EDP Renewables; Ernst & Young; GE Energy Financial Services; General Motors; Goldman Sachs; Google; Green Investment Group, Macquarie Asset Management; HASI; Invenergy; J.P. Morgan; KPMG; Lotus Infrastructure Partners; Marathon Capital; McDermott, Will & Emery; Mitsubishi Power; Nomura; NRG Energy; NSAI Energy; NY Green Bank; Orsted, Pattern Energy; Rabobank; RWE; S2G Ventures; Shearman & Sterling; Sol Systems; Troutman Pepper; U.S. Bank; U.S. Department of Energy; Vestas; Wells Fargo; Wilson Sonsini Goodrich & Rosati; and 3Sun USA.
For more than 20 years, the American Council on Renewable Energy (ACORE) has been the nation’s premier pan-renewable nonprofit organization. ACORE unites finance, policy and technology to accelerate the transition to a renewable energy economy. For more information, please visit www.acore.org.