$40bn Worth Of Investors Confirm Appetite For Financing Wind Power
Several of the leading global private equity and finance houses have confirmed their continued appetite for the global wind industry despite the uncertain global economy and resulting stress on public finances.
Investment in wind gained 31% to reach $96bn in 2010, according to Bloomberg NEF, with values sent soaring by the increasingly capital intensive, offshore wind activity. The majority of the leading wind investors are planning their trip to the annual London Wind Finance Congress in London on July 6th-7th. Now over $40bn worth of investors will be networking at the conference and side events.
“We are delighted with the response again this year and we are reassured that despite the uncertain economic climate and stress on public finances, that global investors still see wind as a robust asset class” commented congress organiser, Julia Goddard.
“We are especially pleased to welcome both Riverstone and Terra Firma this year, Riverstone manage the world’s largest renewable energy fund and Terra Firma have an existing US investment in Everpower who have a 3000MW pipeline. Wind is becoming competitive with natural gas and governments around the World, from Mexico to Romania, are now realising the tremendous opportunity this resource represents and their policies are creating jobs, domestic energy security and attractive investment opportunities.” continued Goddard.
Wind Power Investors attending the Congress include:
Chris Hunt, Managing Director, Riverstone Holdings – $17bn
Damien Darragh, Managing Director, Terra Firma – $8bn
Christopher Knowles, Head of Climate Change & Environment, EIB – $8bn
Peter Rossbach, Managing Director, Impax New Energy Investors – $2.8bn
Nandita Parshad, Director, Power and Energy Utilities, EBRD – $2bn
Peter Dickson, Technical Director, BNP Paribas Clean Energy Fund – $570m
Thomas Rottner, Managing Partner, Platina Partners – $570m
Tom Murley, Head of Renewable Energy, HG Capital – $430m*
*estimated total under investment
In addition their ranks will be supplemented by 30+ Managing Directors, CEOs and CFOs from major banks, corporate finance houses and developers including: Morgan Stanley, Citigroup, Unicredit, BNP Paribas, Climate Change Capital, Manulife Financial Corp, Augusta & Co, Mainstream Renewable Power, C-Power, RES Offshore, PNE Wind, Marubeni Power, Global Capital Finance, EIG Global Energy, Capital Dynamics, Energy Bankers a Paris, ArcLight Capital Partners, Standard & Poor’s and many others.
This year the congress is further enhanced by 3 side events:
Renewable Energy Risk Management Conference
Market Valuation of Wind Power Assets Workshop
Offshore Wind Power Training Course
By Katie Dunn | June 21, 2011
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