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The pathway to fund Andean renewable energy projects: To what extent does growth in private energy PPAs make these projects bankable?

Broadcast on Apr 27, 2021 from Livestream: Bonds & Loans Andes 2021 - Virtual Conference

Gold Sponsor

Itau

Gold Sponsor

Fitch Ratings

Gold Sponsor

HSBC

Gold Sponsor

SMBC

Silver Sponsor

Bancolombia

Silver Sponsor

Bracewell

Silver Sponsor

CIBC

Silver Sponsor

Crédit Agricole CIB

Bronze Sponsor

Holland & Knight

Bronze Sponsor

Moody's Investors Service

Supporting Partner

Finance Colombia

Supporting Partner

Peruvian Finance Association (APEF)

Subscribe for access:

  • Energy sector M&A in Chile and Colombia: What impact does this have on the renewable project pipeline?
  • What are the next steps in Colombia’s PPA renewables auction after submissions closed in February?
  • What are investors’ expectations for Chile’s upcoming clean energy auction?
  • How can local banks bridge the gap to finance in dollars and have more access to projects?
  • Is there a benefit for international banks to finance these projects local currency rather than USD?
  • Latin American success stories in financing renewable projects: What were the lessons learnt? What financial structures worked best? How can best practices be applied across the region?
Andes

Moderator

Nicolai Sarad

Nicolai Sarad

Nicolai Sarad

Partner at Bracewell

Nicolai Sarad advises financial institutions, developers, equity investors and governmental agencies in the United States and internationally on project structuring, development and financing, operation and maintenance, and restructurings. He focuses on transportation projects, including public private partnerships (P3), thermal and renewable power, biofuels, water, mining, process plants and major manufacturing.

Nick has been recognized by Chambers USA, Nationwide Projects: PPP, 2018 – 2019 (Band 3); Nationwide Projects, 2017 – 2018. Clients told Chambers that Nick is “thorough and responsive”. Nick has also been recognized by The Legal 500 United States, Project Finance, 2014, 2016 – 2019; Renewable/Alternative Energy, 2017 – 2018; and Euromoney Institutional Investor PLC, IFLR1000 Financial & Corporate Guide, Project Development, Project Finance – US, 2018 – 2019.

Nick's recent experience includes representing Ergon Peru on the financing of three off-grid solar concessions, for which the team was recognized as “Standout for Creating a New legal Standard” in The Financial Times Innovative Lawyers Report North America 2018; Idaho Wind Partners on a 183 MW wind portfolio financing; the borrower in the project financing of a 200 MW US microgrid project; and a Canada based agent and lenders in a financing to back leverage a Spain based investor's equity in a US P3 water project.;

Bracewell

Nicolai Sarad

Speakers

Daniel Arango Uribe

Daniel Arango Uribe

Director of Financial Planning

Bancolombia

Daniel Arango Uribe

Daniel Arango Uribe

Director of Financial Planning at Bancolombia

Bachelor in Electrical Engineering from Universidad Pontificia Bolivariana. Holds an MBA with emphasis in finance from Tulane University.

5 years in Grupo Bancolombia, with extensive experience in investment banking by leading projects related to energy and natural resources

6 years of experience in leading companies in the electrical industry as Financial Planning Director in Celsia and CFO in HMV

Currently director of Energy and Natural Resources at Banca de Inversión Bancolombia

Bancolombia

Daniel Arango Uribe
Adrián Garza

Adrián Garza

Vice President, Senior Analyst

Moody's Investors Service

Adrián Garza

Adrián Garza

Vice President, Senior Analyst at Moody's Investors Service

Adrian is presently a Vice President - Senior Analyst in the Global Project and Infrastructure Finance Team. Adrian holds lead analytical responsibility for a portfolio of infrastructure companies and projects in Latin America and the Caribbean. The portfolio covers toll-roads, energy utilities, natural gas pipelines, airports, PPPs, and other infrastructure assets.

In his role, Adrian develops and conducts research on sector trends and industry related topics. He is a regular participant at high-profile market briefings, external conferences and media engagements. Adrian is also a spokesperson for Moody’s in Latin America for environmental, social and governance (ESG) topics.

Adrian’s experience in financial analysis spans for 15 years. Before joining Moody’s in 2010, he gained experience in investment banking where he executed transactions in the housing and publishing industries. Prior to that, he worked at a credit rating agency in the structured finance, project finance and sub-sovereign teams.

Adrian holds a MSc in Economics and Philosophy from London School of Economics and Political Science (LSE), and a BA in Economics from Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM). Adrian is also a CFA charter holder.

Moody's Investors Service

Adrián Garza

Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, and the firm's ratings and analysis track debt covering approximately 130 sovereign nations, 11,000 corporate issuers, 21,000 public finance issuers, and 76,000 structured finance obligations.

Jaime Otero

Jaime Otero

Head of Corporate Finance and Investment Banking

Itau Colombia

Jaime Otero

Jaime Otero

Head of Corporate Finance and Investment Banking at Itau Colombia

  • Mr. Otero joined Itaú in October 2012, as part of the Corporate Finance team of Itaú BBA Corporación Financiera in Colombia. Since March, 2017, once Itaú took control of Corpbanca operations in Colombia, Mr. Otero acts as Head of Corporate Finance of Itaú Colombia.
  • Prior to joining Itaú, Mr. Otero worked for Inverlink, an investment banking boutique in Colombia, as VP for two years. Previously he worked in Sumatoria, other investment banking boutique in Colombia, as an Associate for ten years, and before that, he worked in the Investment Banking Division of Corficolombiana in Bogotá, as an Analyst for two years.
  • Mr. Otero holds a B.S in Industrial Engineering and a Master degree in Economics, both from Universidad de los Andes, in Bogotá, Colombia.

Itau Colombia

Sergio Arbalaez

Sergio Arbalaez

Sergio Arbalaez

Head of Financing at Matrix Renewables

Matrix Renewables

Kyle Joval

Kyle Joval

Director, Business and Corporate Development, Latin America

Northland Power

Kyle Joval

Kyle Joval

Director, Business and Corporate Development, Latin America at Northland Power

Kyle Joval is a Director in Northland Power’s Latin America development team. Kyle joined Northland in September 2017 from KPMG’s Toronto Corporate Finance team. Since joining Northland, Kyle has worked on transactions in a range of sectors, technologies and jurisdictions. Kyle was a key member of the transaction team which lead Northland’s acquisition of 99.2% of Colombian regulated distribution utility, Empresa de Energía de Boyacá S.A E.S.P (EBSA) in January 2020.

Northland Power