Foley team members recently attended the Infocast Projects & Money conference, which was held in person in New Orleans from January 25-27, 2022. This was Infocast’s second in-person conference since COVID-19 began, and there were approximately 280 attendees, which Infocast indicated was consistent with attendance from the 2019 conference. Attendees at the event included representatives from a number of energy project developers, advisors, construction contractors and capital providers, including private equity as well as financial institutions.
Approximately 50 speakers participated in panels discussing financing trends from 2021 and expected developments in 2022, financing energy storage, gas-fired power, green hydrogen, PPAs and power prices, and tax equity and M&A opportunities, among many other topics. Presenters generally reported that energy project development and project finance and investment activity was not negatively affected by COVID-19 and remained strong in 2021, a trend expected to continue into 2022. Panelists also discussed trends developing on the horizon, including advancement in EV technology, development of offshore wind projects, the increasing importance and growth of the broad “ESG” sector, and energy storage. However, speakers also addressed some of the problems the industry experienced in 2021, such as supply chain issues affecting project development timelines, international trade and forced labor issues, labor shortages throughout the supply chain and interconnection challenges.
Foley attorneys also plan to attend the Infocast Solar & Wind Finance and Investment Summit, taking place March 6-9 in Scottsdale, Arizona.
Foley is committed to helping our clients in the Energy sector. For more information, please contact Natalie Neals, Tom Hoffmann, Darin Lowder, Tim Spear, Sarah Slack or your Foley attorney.