RECORDED
UPDATED SCHEDULE
Global Issues and US Competitiveness
11:30 am-12:45 pm (EST)
John Geesman, Co-Chair, ACORE Board of Directors
Mike Eckhart, President, ACORE
David Sandalow, Assistant Secretary, DOE Policy & International Affairs
John Graham, President, BP Wind Energy
Steen Riisgaard, CEO, Novozymes NS, Denmark
Hermann Scheer, Member, German Bundestag
The renewable energy industry has built up in the U.S. in recent years, but even more so in several other countries such as Germany, Spain, India and China. The U.S, may have led the research and development of renewable energy technologies, but are we building our share of the companies and factories to serve the world markets? What will it take to have the U.S. become a major exporter of renewable energy systems? Also, seen the other way, how can the U.S. promote greater use of renewable energy around the world? This session will provide a global perspective on the markets and industry, and also what our government is doing and plans to do in international policy.
Lunch, 12:30 pm-1:30 pm (EST)
Financing the Scale-up of Renewable Energy
1:45 pm-3:00 pm (EST)
Dan Reicher, Director of Climate Change and Energy Initiatives, Google
Mike Eckhart, President, ACORE
Jeff Holzschuh, Vice Chairman, Morgan Stanley, Investment Banking Division
Kevin Parker, Global Head, Deutsche Bank Asset Management
Raymond Wood, Co-Head of Alternative Energy Group, Credit Suisse
Michael D. Ware, Managing Director, Good Energies
Reed Hundt, Co-Chair, Green Bank Coalition
Getting there from here
The financing of renewable energy projects in the U.S. reached nearly $20 billion in 2008, and then the financial crisis hit with devastating impact on our market. Tax equity decreased sharply. European lenders withdrew to their home countries. There was and is a shortage of credit. The Stimulus package was put in place quickly, and implemented at remarkable speed, already having impact via RD&D grants and contracts, cash grants in lieu of tax credits, loan guarantees and tax credits for manufacturing facilities. Now, there are proposals pending for a Clean Energy Deployment Agency (CEDA) and a green Bank to continue a strong government role in the financing of the renewable energy marketplace. Key questions are on the table. How much capital will be needed to scale up to 20% by 2020 and 25% by 2025? How much can the capital markets provide? What should be the role of government? This session will explore these issues, with several of the leading players in the field today.
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