TEAM

ERIC SHUMWAY
Mr. Shumway, founder and President of Claremont Energy, has broad expertise in infrastructure finance, PPP structuring, and procurement. Within the power sector, he specializes in areas such as development and project finance, IPP procurement, power market regulation/design, wholesale market price forecasting and integration issues (including cross-border project development and financing challenges), cost-benefit analysis, PPA negotiation and approval processes, and tariff setting. He has on-the-ground experience in over 20 international markets.

Mr. Shumway has advised on over $15 billion of project transactions (mainly hydroelectric) and led energy market analyses for numerous transactions in the USA and international power markets. He also worked on, as transaction/market advisor, half a dozen thermal projects in Latin America, Asia and Africa. Transactions work typically involves negotiation of project risk allocation between a public entity (e.g., a state-owned enterprise) and the private project sponsor, with involvement by project lenders. Generation technologies that Mr. Shumway has worked closely with include conventional projects fired with coal, diesel (including residual) and natural gas/LNG (including co-gen); and renewable experience includes hydro, biomass, waste to energy, solar PV, geothermal and wind.

Mr. Shumway is Senior Director of Delphos, a leading financial advisory specializing in capital raising and transaction advisory for developing and emerging markets. Previously, he was a Director of London Economics International, a consulting firm in the energy and infrastructure sectors. He also worked for over two years as a Peace Corps Volunteer in Nepal. He has a master’s degree in International Affairs (International Economic Policy) from Columbia University’s School of International and Public Affairs.

In addition to his consulting work, Mr. Shumway was the Chief Operating Officer (through Claremont Energy) of a special purpose company that developed, refurbished, and operated 25 MW of biomass-fired power plants in California that came online in 2008.


SAMPLE PUBLICATIONS

"Ghana: Energy Sector Reform Support – IPP Procurement Framework FINAL REPORT: OPTIONS FOR GHANA", a World Bank Group report. 2019.

"Closing the Financing Gap: Assessing Options for Decentralized Renewable Energy Mini-Grids in Myanmar", December 2019. Smart Power Myanmar report, supported by Rockefeller Foundation, in consultation with AFD and AIIB.

"Establishing multilateral power trade in ASEAN", International Energy Agency. 2019.

"Integrating Power Systems Across Borders", International Energy Agency. 2019.

"Burma: Energy Project Development and Technology Advisory Services - Final Report", for U.S. Trade and Development Agency. Beneficiary: Ministry of Electricity and Energy, the Government of the Republic of the Union of Myanmar. 2018.

"Impacts of Introducing Wind and Solar PV on the Myanmar Grid". PowerGen Asia – Asia Power Week 2017.

"Shumway, Eric, Julia Frayer, Guilain Cals: Energy Policy in Latin America – Regulatory Obstacles to Intermittent Renewable Energy Generation", paper presented at the “4th Annual ELAEE” Conference of the Latin American Association for Energy Economics (Asociación Latinoamericana de Economía de la Energía - ALADEE) Montevideo, Uruguay. April 8-9, 2013.

Addressing Financing Challenges for Cross-border Transmission Projects”, ASEAN Centre for Energy. 9 December 2024.

A Regional Common Use Transmission Assets Concept for Advancing Multilateral Power Trade in ASEAN”, 4 November 2024.

Developing Renewable Energy Storage System for the Pacific Island Countries”, a World Bank Report”. 2022.

Assessment of Proposed Transmission Projects to Facilitate Cross-Border Power Trade Among Lower Mekong Countries”, June 23, 2021. Abt Associates, for USAID, Clean Power Asia.


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ASSOCIATED EXPERTS
Building on decades of work around the world, Claremont has relationships with highly qualified professionals providing regional, country, and sectoral expertise.

STRATEGIC PARTNERS
Delphos International, LLC
London Economics International, LLC