Investing in Renewable Power Assets
In partnership with CAIA San Francisco
It is the year 2019, yet in California we are now faced with mandatory blackouts to prevent forest fires. Is this what we should expect from an energy grid in the developed world? The reality in California right now (and likely many other regions across many countries) is due to years of infrastructure neglect, stale contractual relationships, burdensome government regulation, and a lack of investment to keep up with regional population expansion. Is there hope for a brighter future in the renewable energy markets?
According to Preqin data, since 2009, ~$642 billion has been invested into renewable energy infrastructure globally. Investment into this asset class has increased 11% on average annually over this period with an average of 47% of all infrastructure deals being renewable energy asset development. Within the energy markets, ~79% of all energy specific infrastructure development has been renewable, largely dominated by Wind and Solar.
Sam Enoka, Co-Founder and CEO Greensparc, Inc.
Greensparc, Inc. is a San Francisco-based energy optimized cloud and edge cloud computing company that commoditizes high-performance distributed cloud compute in a way that makes real-time energy (and renewable energy data) accessible by individuals, entrepreneurs, and enterprises. Sam and his team have developed the CirrusCoin, which tokenizes a new commodity: the linkage of electrical energy and cloud computing in a novel way. CirrusCoin is redeemable, by the holder, for the high-performance computation powered by resources in Greensparc’s network of edge cloud resources and co-located at optimal nodes in the energy grid (including renewable resources).
Patrick Pfeiffer, Head of Statkraft US - North American Development
Patrick is Head of Statkraft's US renewable development, responsible for the company's activities in the North American energy and commodity markets. He and his team also represent Statkraft's global energy offerings to US investment companies and allocators. Statkraft is a world leading developer of hydropower internationally and Europe’s largest generator of renewable energy. The Group produces hydropower, wind power, solar power, gas-fired power and supplies district heating. Statkraft is a global company in energy market operations with 3600 employees in 16 countries.
Mark Young, Director, Renewable Technical Operations, Americas at BlackRock
Mark Young, Director, is a member of the Renewable Power Group, within BlackRock Alternative Investors (BAI). He is responsible for technical due diligence and operations for the BlackRock renewable energy project portfolio in the Americas. Mr. Young joined the firm in September 2015. Mr. Young has more than 16 years of wind energy engineering experience with active participation in all major markets globally. His technical experience includes onshore and offshore wind resource measurement, power performance of wind turbines, technical due diligence, failure analysis, and component design. He has also acted as owners engineer and lenders engineer for large, utility-scale wind projects. Mark is an internationally recognized expert on wind turbine testing and an active member of two IEC subcommittees working to develop and improve testing standards. Before joining BlackRock, Mark was a Director at advisory and third-party engineering firm DNV GL. There he oversaw all technical services for renewables including wind, solar and marine energy globally. Mr. Young holds a B.S. degree in mechanical engineering from the Pennsylvania State University.