José María de Paz briefly reviewed the main legislative developments in recent years in the Spanish renewable energy sector and the underlying reasons that led to such changes.
Following the opening remarks, the speakers reviewed some of the most relevant issues from an investor perspective such as the difficulty of assessing profitability of a long-term project, the role of technology in the coming years compared to other energy markets at an international level (United States, Brazil, Chile and Peru) and the impact of different regulatory models. They then analyzed the most favorable investment opportunities highlighting the refinancing of existing projects and the transactions in secondary markets.
At the end of the conference, Margarita Oliva Sainz de Aja moderated a lively discussion between speakers and participants which included representatives of the American and Spanish business and legal fields.
For the first time since its inception, the Pérez-Llorca/IE Chair on Commercial Law has been held outside Spain. New York was chosen as host city as a result of Pérez-Llorca opening an office last year in this strategic plaza.