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Solar Power in a Fast-Changing African Energy Market - Johannesburg

Johannesburg |
Speakers include:
Pilita Clark

Pilita Clark

Financial Times

Brenda Martin

Brenda Martin

South African Renewable Energy Council (SAREC)

Mamadou Toure

Mamadou Toure

Ubuntu Capital Group

Overview

With 600 million people lacking access to electricity, and many more experiencing frequent power outages, Africa is a continent in urgent need of energy solutions.  Solar power has huge potential as a quick-to-build, affordable, and clean source of electricity that can feed into existing grids and light up areas lacking transmission lines. Yet significantly more investment and project preparation is required for utility-sized and off-grid solar to reach the scale necessary to meet Africa’s current and growing needs. Energy storage will also play a critical role.
The FT-IFC Forum on Solar Power in a Fast-Changing African Energy Market will examine market opportunities across Africa’s solar sector, with a focus on innovations that support an expansion at scale. Top industry leaders, utility operators, project developers, regulators, and investors will discuss what it will take to get Africa’s solar expansion to the next level, drawing on regional and international experiences, emerging technologies, and the latest market dynamics. 

Attendance is by invitation only.

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fallback Add to my Calendar 03/01/2017 12:30:0003/01/2017 18:00:00falseSolar Power in a Fast-Changing African Energy Market - JohannesburgWith 600 million people lacking access to electricity, and many more experiencing frequent power outages, Africa is a continent in urgent need of energy solutions.  Solar power has huge potential as a quick-to-build, affordable, and clean source of electricity that can feed into existing grids and light up areas lacking transmission lines. Yet significantly more investment and project preparation is required for utility-sized and off-grid solar to reach the scale necessary to meet Africa’s current and growing needs. Energy storage will also play a critical role.The FT-IFC Forum on Solar Power in a Fast-Changing African Energy Market will examine market opportunities across Africa’s solar sector, with a focus on innovations that support an expansion at scale. Top industry leaders, utility operators, project developers, regulators, and investors will discuss what it will take to get Africa’s solar expansion to the next level, drawing on regional and international experiences, emerging technologies, and the latest market dynamics. Attendance is by invitation only.Solar-Power-in-a-Fast-Changing-African-Energy-Market---Johannesburg52b55cc2e42b78d1061e8c07a6b72fe6MM/DD/YYYY

SUMMARY REPORT

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Chair (1)

Pilita Clark

Pilita Clark

Environment Correspondent
Financial Times

Pilita Clark was appointed Environment Correspondent in May 2011, having previously been the Aerospace Correspondent and Deputy News Editor on the main news desk at the Financial Times, and then Deputy Editor of the FT Magazine. In her current role Ms Clark covers all environmental issues, from climate change to wildlife and renewable energy, but has a particular focus on the impact of low-carbon policies on businesses and investors. Before joining the FT in 2003 as a Commissioning Editor on the FT Magazine, Ms Clark was a Senior Writer for the Sydney Morning Herald, where she was a Political Reporter in Washington DC and Canberra. She was also Managing Editor of The Eye news magazine in Sydney, and a Nieman Fellow at Harvard University.

Speakers (10)

Brenda Martin

Brenda Martin

Chair
South African Renewable Energy Council (SAREC)

Brenda Martin is the CEO of the South African Wind Energy Association (SAWEA) and Chair of the South African Renewable Energy Council (SAREC).  She has worked at senior level in the Southern African development, education and energy policy sectors for over 15 years. In 2007 she initiated a national programme focused on climate-related behavioural change. Her work there included the implementation of small-scale renewable energy projects and lobbying for energy policy change. Since 2014 she has also worked part-time at the Energy Research Centre (UCT), University of Cape Town. There, and in her personal capacity, she has conducted research on energy policy generally and renewable energy and nuclear power, in particular.  She has served on the Ministerial Advisory Council on Energy (MACE) since its inception in February 2015. Ms Martin has an MPhil in Energy & Development from the Energy Research Centre (UCT), University of Cape Town.

Mamadou Toure

Mamadou Toure

Chairman and CEO
Ubuntu Capital Group

Mamadou Toure is Chairman and CEO of Ubuntu Capital Group, a leading Investment and Advisory firm focused on designing and implementing integrated, innovative investment solutions to strengthen project ecosystems. Prior to his current position. Mr Toure served as Managing Director with GE Africa. In this role, Mr Toure led a regional Capital Markets (Sales and Project Finance) team across Sub-Saharan Africa supporting GE’s industrial business growth with sales funding and investment solutions. Before joining GE, Mr Toure worked in the Infrastructure Department of IFC, the private sector arm of the World Bank Group, principally in charge of private sector investments in the Telecommunications, Media and Technologies sectors of Sub-Saharan Africa. In 2016, he was declared Pan African Leader of the Year, an award issued by the board of African Democratic Institute. In 2015 in Davos, he received a distinction as a Young Global Leader by the World Economic Forum. In 2014, Mr Toure was considered by Forbes Magazine as one of the Top 10 Most Powerful Men in Africa and in 2013, BRICS Business Magazine identified him among the 25 Faces of the New Africa. Mr Toure is also Founder and Chairman of Africa 2.0 Foundation, an initiative-driven advocacy group that brings together emerging leaders representing African countries and the Diaspora, who share a common vision of the continent’s future.

Kobi Sam

Kobi Sam

Investment Executive, Africa Private Equity
Investec Asset Management

Kobi Sam is an investment executive of the Investec Africa Frontier Private Equity Fund. He joined Investec Asset Management in 2013 from Evercore Partners, an independent investment bank, where he spent six years focused on mergers and acquisitions and advised on over US$50bn of completed M&A transactions. Prior to joining Evercore, Mr Sam was a management consultant with McKinsey & Company and also worked in Investment Banking at JPMorgan.

Mr Sam has an MBA from the Wharton School of the University of Pennsylvania, where he was also a Joseph Wharton Scholar, and a BE in Electrical Engineering from the State University of New York, where he graduated summa cum laude and was elected to the Tau Beta Pi and Eta Kappa Nu Engineering Honor Societies. He has also been involved with TechnoServe, a non-profit that promotes business solutions to poverty in the developing world, and volunteered with them in Ghana and Senegal.

Alistair Jessop

Alistair Jessop

Senior Vice President,Development
SolarReserve

Alistair Jessop is Senior Vice President of Development of SolarReserve. In this post he is responsible for driving SolarReserve’s continued growth through initiating and developing projects and business opportunities across Europe, Africa, the Middle East and India. While at SolarReserve, Mr Jessop’s efforts have resulted in the development of a portfolio of 7000 megawatts (MW) across the EMEA region ranging from utility scale solar to smaller scale urban solar farm power projects. Mr Jessop has 20 years of international power industry experience in business development, construction and project financing. His extensive expertise spans projects covering multiple technologies including natural gas, oil-fired, wind energy, biomass and solar energy projects. Mr Jessop joined SolarReserve from Invenergy, one of the largest privately owned renewable energy businesses in the world, where he was Vice President for Europe.  

Mohamed Hoosen

Mohamed Hoosen

CEO
Engie Southern Africa
Rik Wuts

Rik Wuts

Co-Founder & Vice President
Powerhive

Rik Wuts is Co-Founder & Vice President, Business Development of Powerhive, a company focused on unlocking productive, clean electricity for millions of people in emerging markets. The company’s innovative technology platform enables financing and monetisation of distributed micro-grids by reducing costs and stabilising investment risk. Mr Wuts has been at the helm of Powerhive for over a decade and is leading the company’s international expansion. Before co-founding Powerhive, Mr Wuts was the Marketing Director at Intivation, where he helped introduce solar powered devices in more than 30 countries. He has also consulted several large companies and SMEs on product innovation and business strategy. Mr Wuts earned a BS in Applied Physics and an MS in Product Design from Delft University of Technology.

Philippe Le Houérou

Philippe Le Houérou

Executive Vice President and CEO
IFC

Philippe Le Houérou is Executive Vice President and CEO of IFC. Mr Le Houérou, a French national, joined IFC in March 2016, bringing three decades of experience in international finance and development. His career includes leadership positions at the World Bank and the European Bank for Reconstruction and Development, where he developed and implemented business strategies, helped increase lending and spearheaded new partnerships.

Prior to his arrival at IFC, Mr Le Houérou was Vice President for Policy & Partnerships at the EBRD. In that role, he coordinated country strategies, restructured and redefined the EBRD approach to policy dialogue, and led other initiatives to support the organisation’s private sector development and transition mandate. He was also responsible for the mobilisation and management of donor funds for nuclear safety and for the EBRD’s engagement with key external stakeholders and organizations.

Before joining the EBRD in 2015, Mr Le Houérou was the World Bank’s Regional Vice President for the South Asia Region. As Vice President, Mr Le Houérou designed a new regional strategy, restructured the Bank’s portfolio in the region to improve its performance and more than doubled new lending. Previously, Mr Le Houérou was the Bank’s Regional Vice President for Europe and Central Asia, where he led the Bank’s effort to mitigate the global economic crisis’s impact on the region and ramped up analytical and advisory work, as well as new lending.

Earlier in his career, Mr Le Houérou held a number of other key positions at the World Bank, including Vice President of Concessional Finance and Global Partnerships; Acting Vice President and Chief Information Officer; Director of Finance and Resource Mobilisation; Macro-Fiscal Sector Manager; and Resident Representative in Madagascar. Mr Le Houérou began his career in banking in the private sector, and initially joined the World Bank Group as a Young Professional, which included work in IFC investment operations in East Asia.

Born in Montpellier, France, Mr Le Houérou grew up in North Africa and Italy and went on to attend the Institut d'Etudes Politiques de Paris. He holds an MBA from Columbia University and a PhD in Economics from the Institut d'Etudes Politiques de Paris.

Rafael Mateo

Rafael Mateo

CEO
Acciona Energy

Rafael Mateo is the CEO of Acciona Energy and member of the Executive Committee of Acciona, a position he has held since January 2010. With more than 30 years of experience in the power sector, Mr Mateo has an extensive background in Latin American markets having previously served as an Executive Director in Endesa Chile from 1999 to 2009 and leading the generation activities of Endesa in Latin America. Mr Mateo joined Endesa in 1982 serving in a variety of different positions in the company’s Thermal Power Plants division, including as Director of Thermal Production in Endesa Generación SA from 1997 and as Chairman of the UNIPEDE Thermal Production Group in Brussels. Mr Mateo graduated as an Industrial Engineer from the University of Zaragoza and was awarded with the Extraordinary Final –Year prize of the University. He has a Programa de Dirección General (PDG) from the IESE Business School and a Senior Management Program (PADE) from INSEAD.

Raymond Carlsen

Raymond Carlsen

CEO
Scatec Solar

Raymond Carlsen is the CEO of Scatec Solar, an integrated independent solar power producer, delivering affordable, rapidly deployable and sustainable source of clean energy worldwide. A long term player, Scatec Solar develops, builds, owns, operates and maintains solar power plants, and already has an installation track record of more than 600 MW and a project backlog and pipeline of 1.8GW.

Mr Carlsen joined Scatec Solar in October 2009. Prior to this, Mr Carlsen was Partner and responsible for developing Aker ASA’s portfolio of Energy related businesses. He was also responsible for Aker Solutions’ Subsea, a US$2bn revenue business with 5000 employees and operations in more than 15 countries.

Mr Carlsen has extensive international experience through assignments in USA, Singapore, Indonesia, Malaysia and South Africa and is a Director on a number of Boards. Mr Carlsen earned his MSc at Florida Institute of Technology, USA in 1981.

Paddy Padmanathan

Paddy Padmanathan

President and CEO
ACWA Power International

Paddy Padmanathan is President and CEO, ACWA Power. A professional Civil Engineer with over 35 years of experience, he has served ACWA Power since 2005 from its beginnings as a startup to where it is today; a leading private developer, owner and operator of power generation and desalinated water production plants headquartered in Saudi Arabia. The company has an investment value in excess of US$32bn and can generate 23+GW of power and produce 2.5 million m3/day of desalinated water to be delivered on a bulk basis to state utilities and industrial majors on long term off-take contracts under public-private-partnership, concession and utility services outsourcing models. A graduate of University of Manchester, UK, Mr Padmanathan started his career as a consulting engineer delivering infrastructure projects financed by the national treasuries and multilateral financial agencies and moved on to develop privately financed power, water and wastewater projects in over a dozen countries. A substantial period of his career before ACWA Power was with Black & Veatch, a US headquartered multinational engineering and construction company where he served as a Vice President and Corporate Officer. Mr Padmanathan also serves on the board of directors of several companies all operating in the water and power sectors.

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Photos

See the photos from this event here.

Solar Power in a Fast Changing African Energy Market   Johannesburg   Flickr

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Agenda - 1st Mar

  • 12:30pm
    Arrival, Light Refreshments
  • 1:30pm
    Opening Remarks from the FT Chair

    Pilita Clark, Environment Correspondent, Financial Times

  • 1:40pm
    Welcome from IFC

    Philippe Le Houérou, Executive Vice President and Chief Executive Officer, IFCin conversation with the FT Chair

  • 1:50pm
    Scene-Setter: Drivers of Change in Africa’s Energy Market

    Paolo Frankl, Head of Renewable Energy Division, International Energy Agency (IEA)

  • 2:30pm
    Panel 1: Utility-Scale Solar: How to Scale Up for Impact

    Costs of photovoltaic (PV) and concentrated solar power (CSP) continue to decrease and large developments are under construction and in operation in various African countries, but remain insufficient in scale to meet the continent’s acute energy needs. New streamlined contracting methods and financing trends may offer a path forward. For discussion:

    • What can other African countries learn from South Africa’s auctions process, and its experience with both CSP and PV installations?
    • Best practices in private sector-financed utility-scale solar project development. Are negotiated contracts a thing of the past?
    • What are the risks, challenges and barriers experienced by developers and investors? 

    Raymond Carlsen, CEO, Scatec Solar

    Alistair Jessop, Senior Vice President, Development, SolarReserve

    Rafael Mateo, CEO, Acciona Energy

    Paddy Padmanathan, President and CEO, ACWA Power 

    Moderator: Bertrand Heysch de la Borde, Regional Industry, Infrastructure Africa, IFC

  • 3:30pm
    Networking Coffee Break
  • 3:50pm
    Panel 2: Off-Grid Solutions: Ready for the Big Time?

    Off-grid and micro-grid solar solutions offer significant promise to electrify parts of Africa where transmission and distribution networks are lacking. Governments are increasingly looking at these products as areas for large-scale roll-out, as an alternative to investments in national grids. For discussion:

    • Is today’s off-grid technology adequate to make a dent in Africa’s electricity needs?
    • How are major energy players regarding this sector?
    • What investments are needed to ensure adequate scale?

    Mohamed Hoosen, CEO, Engie Southern Africa

    Kobi Sam, Investment Executive , Africa Private Equity, Investec Asset Managemen

    Mamadou Toure, Chairman and CEO, Ubuntu Capital Group

    Rik Wuts, Co-Founder & Vice President, Business DevelopmentPowerhive

    Moderator: Yasser Charafi, Principal Investment Officer, IFC

  • 4:50pm
    Country Focus: South Africa

    Brenda Martin, Chair, South African Renewable Energy Council

     in conversation with Pilita Clark, Environment Correspondent, Financial Times

    • What can other African countries learn from South Africa’s auctions process?

     

  • 5:20pm
    Closing remarks from the FT Chair
  • 5:30pm
    Close of forum and drinks reception

Presented by (2)

IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector in emerging markets. Working with 2,000 businesses worldwide, we use our six decades of experience to create opportunity where it’s needed most. In FY16, our long-term investments in developing countries rose to nearly $19 billion, leveraging our capital, expertise and influence to help the private sector end extreme poverty and boost shared prosperity.We utilize and leverage our products and services—as well as products and services of other institutions in the World Bank Group—to provide development solutions customized to meet clients’ needs. We apply our financial resources, technical expertise, global experience, and innovative thinking to help our partners overcome financial, operational, and political challenges.IFC is also a leading mobilizer of third-party resources for its projects. Our willingness to engage in difficult environments and our leadership in crowding-in private finance enable us to extend our footprint and have a development impact well beyond our direct resources.

The Financial Times is one of the world’s leading business news organisations, recognised internationally for its authority, integrity and accuracy. Providing essential news, comment, data and analysis for the global business community, the FT has a combined paid print and digital circulation of 840,000. Mobile is an increasingly important channel for the FT, driving more than half of total traffic.

Venue

The Maslow
146 Rivonia Road, Sandton
Johannesburg Johannesburg, 2031

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Accommodation

For accommodation options located at or near the venue, please click here.

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Delegate Booking and Registration Enquiries

Rachel Jones
Delegate & Event Enquiries
Financial Times