Renewable Energy Finance Forum Heats Up

Between renewable energy’s growth rate averaging close to 30 percent per year, an increasingly energy-conscious public and U.S. states enacting a variety of legislation catalyzing new developments — renewable energy is now viewed by a growing number as ripe investment, or potentially lucrative lending opportunity.

New York, New York, – April 30, 2004 [] Governor George E. Pataki will open the “Renewable Energy Finance Forum: Wall Street,” June 23-24, 2004 at the Metropolitan Club in New York City, co-organized by the American Council On Renewable Energy (ACORE) and Euromoney, the publisher of Institutional Investor Magazine. For that reason it’s attracting investors and lenders from across industries and markets, and as a sign of this growing trend, many of the movers and shakers greasing the financial wheels of RE will all gather in the world’s financial capitol — Wall Street. “Renewable energy is an emerging growth opportunity for investors and lenders, and we are seeing the better deals getting done,” said Michael Ware, Managing Director of Advance Capital and a co-chair of the conference. Speakers from the financial community will include top professionals from TCW, Fortis Bank, Dexia Credit, Babcock & Brown, Credit Suisse First Boston, ArcLight, Marathon Capital, New Energy Capital, Nth Power, Perseus, and others. Industry speakers include top executives from GE Wind Energy, Cape Wind Associates, and American Electric Power. Some of the nation’s top law firms are sponsoring the conference including Gold Sponsor Stoel Rives LLP, Other sponsoring law firm include Baker & McKenzie, Milbank Tweed, Hogan & Hartson, and Pillsbury Winthrop. Other sponsors are Ernst & Young, the investment firm Perseus, the New York Energy Research & Development Agency, and Natsource. The conference also covers public policy. “Smart and stable public policy is one of the key drivers of renewable energy finance today,” said Dan Reicher, a conference co-chair, former US Assistant Secretary of Energy for Energy Efficiency and Renewable Energy, and now President of New Energy Capital. Public policy speakers will include such top players as Bill Flynn, Chairman of the NY Public Service Commission, Katie McGinty, former head of the White House Council on Environmental Quality and now Pennsylvaniaýs Secretary of Environment, and John Geesman, Commissioner on the California Energy Commission. “This is a landmark event,” said Ken Locklin, conference co-chair. ýNever before have so many of the top people from finance and policy, who are actually managing the money, doing the deals, and making public policy, assembled in the same place. It should be quite an exciting and informative two days.” The conference early-bird registration deadline is May 7, 2004, saving as much as $200 off the standard registration fee. The conference also offers a substantial discount to ACORE members. In conjunction with the conference, ACORE is preparing a Renewable Energy Finance Matrix of sources of finance. To be included, all financial firms should log in their contact information at the Web site below by May 31, 2004.
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