April 01st, 2023 | GPC Conference, New York
Wall Street Journal highlights strong opportunities for investment in growth markets as shared by Alcazar Energy, Actis and Brookfield Asset Management during the Global Private Capital (GPC) Conference in New York
Please follow this link for the article published by the Wall Street Journal: https://www.wsj.com/articles/clean-energy-focused-firms-make-the-case-for-emerging-markets-3ab5bac2
Alcazar Energy Partners participated in the Global Private Capital Conference in partnership with IFC, which was held in New York earlier this week. The GPC Conference is a unique event which connects investors from Middle East, CEE, Asia, Latin America, and Africa, Participants this year included a curated group of family offices, endowments, pensions, sovereign wealth funds, development finance institutions, experienced fund managers and new investment teams active across private equity, venture capital, impact, infrastructure and credit.
Daniel Calderon, Co-founder and Managing Partner of Alcazar Energy, participated in a panel, alongside Actis and Brookfield Asset Management, which theme was ‘Accelerating the Energy Transition’. During the event, he noted that governments in Egypt, Jordan and some Eastern European countries are willing to give guarantees to renewable-energy developers, such as long-term supply contracts at fixed prices pegged to the dollar, to accelerate their transition to clean energy. He added that, on the other hand, investors can further reduce risks in developing markets by buying political-risk insurance from Western institutions. It is indeed the fixed electricity prices and decreased risks what can make those markets more attractive to clean-energy investors than developed countries, where renewable-energy developers face increased exposure to electricity-market prices.
On the sidelines of the conference, Daniel was interviewed by the Wall Street Journal where he highlighted that even though “there’s a good reason” for increased investors’ appetite for clean energy in developed countries, Alcazar Energy seeks to fill the gap in the emerging markets which it targets through investment transactions with the right guarantees and subject to English law.
