renewable energy finance in practice · • review of risks associated by each model (ppa,...

Joost BergsmaGlennmont Partners-UKCEO and Managing Director Klaus FeichtingerErste Group Bank AGVice President Group Infrastructure Finance Arif OzozanGAMA Energy - TurkeyCEO and Board Member Allan BakerSOCIETE GENERALE - UKManaging Director, Global Head of Power Robert GhelasiEnergie Finanzierung und Kapital-RomaniaManaging Partner Arturo HerreroJinko Solar-SpainChief Marketing Offi cer Christof SagasserVattenfall-GermanySenior M&A Manager Paolo BozzoloUniCredit Group - AustriaManaging Director, Head of Project and Commodity Finance CEE Mario RielloSunPower - SwitzerlandManaging Director EMEA System Sales Harald Huebl Solarinvest-AustriaSenior Investment Executive Pierre Etienne ClaveranneGreen Giraffe Energy Bankers - France Partner Andre LaudeInternational Finance Corporation (IFC)Chief Investment Offi cer, Climate Finance Christine BrockwellGlobal Capital Finance - GermanyDirector Javier HerreroBauhaus Capital Partners - SpainCEO Leon VankanWindvision - NetherlandsCFO Martin MayrUniCredit Leasing - AustriaHead of Competence Center Renewable Energies Nadejda KomendantovaInternational Institute for Applied Systems AnalysisSenior Scientist

► The changes in the global fi nancial landscape, is the market rebounding? ► An insight into the current policy and regulatory changes,

What will be the impact? ► Renewable energy incentives: How to stimulate investment in the sector ► Innovative fi nancing scheme for different types of RE projects ► Will there be a policy security for investors? ► What type of renewable energy worth investing in growing markets? ► Crucial aspects of fi nancing RE projects from banking perspective ► Ever increasing fi nancial pressure in the European market and how to

promote fi nancing in diffi cult times ► Critical insight into the risks and barriers of fi nancing RE projects ► Application of structured fi nance in RE and Cleantech ► Learning the latest on Dept and Equity fi nancing through

an interactive session ► An Insight into the current challenges when investing in wind sector ► Which regions are seen to be more dynamic when it comes to wind

power development? ► Crucial success factors when fi nancing wind projects ► Investing in offshore wind: the increasing potential in offshore

wind Project fi nance ► Market shift from corporate fi nance to project fi nance ► A debate in to the economic role of the solar sector ► The potential for secondary solar transaction: where to go? ► Bankability and fi nancial assessment of different solar projects ► Solar Asset Aggregation ► Transition to a low carbon economy and challenges of integration of

renewables into the European transmission grid ► Investing in Renewable Energy Technology

Event IntroductionFinancing renewable energy in all forms is an ever increasing challenge ahead of the industry. As regulations and policies are changing in a fast pace , year by year Developers and Project fi nance pears are fi nding new angels to turn these challenges into opportunities.The 3rd Annual Renewable Energy Finance in Practice is a vibrant platform bringing together key decision-makers from fi nancial industry, policymakers, and energy experts to explore relevant energy challenges and share best practices and solutions that will help shape industry energy agendas. We will discuss current questions, possible solutions concerning this topic and identify the need for consistent long-term clean energy policies. Other than that, this forum provides a summary of the approach a developer could follow when trying to raise fi nance for a renewable energy project.

Main Objectives & Key Takeaways

If you need more information on GLC Europe or on the 3rd annual REFIP including references, past event archievs and programs, please contact: Book now | + 36 1 848 0530 | [email protected] | www.glceurope.com

Media partners:

Distinguished Speakers

www.globalleadingconferences.com 23rd and 24th of May 2013Marriott Hotel , Vienna

Renewable Energy Finance in Practice


Market Breakdown

Annual REFIP Portfolio

Who should SPONSORThe 3rd Annual REFIP2.

Previous Attendees at GLCEuropeAnnual REFIP Summit

Chief Executive Offi cers, Chief Financial Offi cers, Presidents, Managing Directors, General Managers, Heads of Projects, Team Leaders, accountants, developers, investors and lenders, asset managers, entrepreneurs and venture capitalists, senior bankers, lawyers, government offi cials, regulatory bodies, as well as heads of: renewable energy, utilities, sales and purchase, risk management, investment & fi nance, business development, technology production, grid and technology development, construction and transmission

3E . Alstom . Astronergy. Austrian Transmission Grid Operator APG . Banca Intesa Sanpaolo . Bauhaus Capital Partners . Bawag PSK . BCR . BKW FMB Energie . BNP Paribas . Capital Stage. CERAC . Ceska Sporitelna . Clifford Chance . CMS . Continental Wind Partners . Credins Bank . CSOB . Dalekovod . Deutsche Bank . Eco-Solar . EDP Renewables . Eisenberg & Herzog . Erste Bank . European Investment Bank . Freshfi elds . Gama Energy . Gamesa . GE Capital . Georgian Industrial Group . Gestamp Solar . Green Source . HSBC . Hypo-Alpe-Adria . IFC . IIASA . International Energy Agency. International Wind Power . Investkredit AG . Komercni Banka . Lancosolar . Lloyds Bank . Martifer . NIBC Bank . Novenergia . Origis Energy . Orisol . OTP Bank . Polat Energy . Q-EN . Raiffeisen Bank . REC Group . RWE . Renewable Energy Projects Development . REPO . RWE . S&R Solar Systems . Salomon . Siemens . Solaraccess . Solarinvest . Strategic Plan . SunPower Corpo-ration . TPA Horwath . TriEco . Unicredit . UNIDO . Upsolar . Valorem . Vattenfall Europe Innovation . VTT . White&Case . Windvision . Wolf Theiss...

• Technology Providers

• Law Firms, Consultancies

• Clean-Tech Innovators

• Financial Institutions

• Software/Hardware Developers

BOOKING LINE:+36 1 848 0531Martin Wolf Event Project [email protected]

IF INTERESTED IN SPEAKING PLEASE CONTACT:+36 1 848 0530Gabriela Zoren Event Production [email protected]

23rd and 24th of May2013

Marriott Hotel , Vienna

Pan-European Event

Who will you meet2.


Program Day 1

8:30 Welcome Coffee and Registration 8:50 Opening Remarks from the Chair Keynote Speaker: Javier Herrero Bauhaus Capital Partners - Spain CEO

REGULATORY, POLICY & MARKET UPDATES

9:00 A look into the future: is there a next phase of investment opportunities?• Identifying and mapping the market growth in 2013• What type of renewable energy worth investing in growing markets?• 2020-2050 roadmap: is the industry on the right track and how the

governments supporting the industry?• Will there be a policy security for investors?Keynote Speaker: Andre Laude International Finance Corporation (IFC) Chief Investment Offi cer, Climate Finance

9:40 Crucial aspects of fi nancing RE projects from banking perspective• To which extent is non-recourse lending feasible in today’s environment? • Sector Snapshot: What are the key issues to look at? • What to write in a Business Plan? • Which key risk factors need to be mitigated? • How do leading banks deal with technological risks?Keynote Speaker: Martin Mayr UniCredit Leasing - Austria Head of Competence Center Renewable Energies

10:20 Financial Risk Management when fi nancing Renewable Energy projects• Critical insight into the risks and barriers of fi nancing

Renewable Energy projects• How to evolve fi nancial risk management tools to support

Renewable Energy projects?• What is the role of fi nancial risk instruments?• What type of insurance products are existing?Slot Reserved for Klaus Feichtinger Erste Group Bank AG Vice President Group Infrastructure Finance

11:00 Morning Coffee & Interactive Networking

RENEWABLE ENERGY PROJECT INVESTMENT: BANK PERSPECTIVE

11:30 Investment in competitive energy production via photovoltaik versus investments in real estate• Lifecycle of investment• Risk & certainty regarding revenues• Change in value/residual value• Portfolio aspectsSlot Reserved for Harald Huebl Solarinvest-Austria Senior Investment Executive

12:10 Current German market & renewable situation • Lessons learned from the German EEG• Which technical solutions exist to mitigate fl uctuating renewables• Outlook for 2020 - what all can happenedKeynote Speaker: Christof Sagasser Vattenfall-Germany Senior M&A Manager

12:50 Luncheon & Interactive Networking1 hour interactive lunch, an ideal session to further network, maximize your cycle of contacts and get your questions answered.

14:00 Alternative Investment Options for New Energy and Infrastructure Developers• Project life cycle, risk levels, --- ---• Valuation and funding from concept to O&M.• Why most development projects do not get funded?• Emerging funding structures for developers.• What are the hottest markets, who are the best investors?Keynote Speaker: Javier Herrero Bauhaus Capital Partners - Spain CEO

14:40 Debt Financing• Highlighting the changing role of debt fi nancing in RE sector• What type of projects are likely to receive debt fi nancing?• How to asses project fi nance funding • Examining the appetite for lending when the risk is high• What makes a project bankable?• Most potential structures?• Challenges and Obstacles Keynote Speaker: Allan Baker SOCIETE GENERALE – UK Managing Director, Global Head of Power

DEBT & EQUITY FINANCING

15:20 Renewable energy a safe investment – the equity perspective• Transitioning into mainstream electricity • Are risks and returns in balance • Identifying the most attractive technologies • What European markets are attractiveKeynote Speaker: Joost Bergsma Glennmont Partners-UK CEO and Managing Director

16:40 Panel Discussion An interactive panel discussion and brainstorming session on Debt and Equity fi nance issues.

10 minutes introduction by: Juraj Ulehla Partner My Energy Slovakia

17:10 Closing Remarks from the Chair17:40 End of Day one followed by afternoon refreshments & snacks




Program Day 2

8:30 Welcome Coffee and Registration 8:50 Opening Remarks from the Chair

9:00 Crucial success factors when financing wind projects• Focusing on project strengths as an indicator of a successful venture• Managing Legislative Risk• Financing under tightening fi nancial market conditions• Reconciling sound debt structuring with sponsor’s return objectives• Identifying alternative and complementary sources of fi nance

– choosing the right fi nancing partnersKeynote Speaker: Paolo Bozzolo UniCredit Group - Austria

Managing Director, Head of Projectand Commodity Finance CEE

9:40 Financing innovating renewable energy projects, the example of offshore wind financing

• Key bankability aspects of offshore wind projects• Recent trends in the offshore wind market financings• Offshore wind markets in EuropeKeynote Speaker: Pierre Etienne Claveranne

Green Giraffe Energy Bankers - France Partner

10:20 Investing in offshore wind: the increasing interest from financial investors• The offshore wind developer’s landscape• Where the opportunity lies for pure financial investors• What are the benefits to co-investment in offshore wind?• Sector snapshot: What are the key issues to look at?• What key risk factors need to be mitigated?Keynote Speaker: Christine Brockwell

Global Capital Finance – Germany Director

11:00 Morning Coffee break & Networking

11:30 Solar PV – Financing Trends & Challenges from a Developer & EPC

Contractor’s Perspective”• availability of construction capital (debt / equity)• early development stage investment• partnering approach & financing platforms• long-term investment & non-recourse financing under PPA models

and market price modelsKeynote Speaker: Arturo Herrero

Jinko Solar – Spain Chief Marketing Officer

SOLAR INVESTMENT SESSION

12:10 Challenges of financing solar projects outside of FIT mechanism

• Overview of most common solar revenue models across main high irradiation markets worldwide

• Review of risks associated by each model (PPA, Merchant, REC, Hybrid, Other)

• Financing options outside of FIT environments (corporate, project finance, leasing, bonds, securitization)

• Sensitivity of financing terms based on chosen financing option• Key items and partners to look for when financing a project outside

of FIT mechanismKeynote Speaker: Mario Riello SunPower - Switzerland

Managing Director EMEA System Sales

12:50 Luncheon & Interactive Networking1 hour interactive lunch, an ideal session to further network, maximize your cycle of contacts and get your questions answered.

14:00 Snapshot of Romanian renewable energy market

• legislative development and financing conditions, • critical challenges in the market, • main barriers for non-recourse financing, • market expectations and E-RES investment opportunities. Case studyKeynote Speaker: Robert Ghelasi Finanzierung und Kapital-Romania

Energie Finanzierung und Kapital

14:40 Turkish Renewable Energy Market-Investors’ Perspective• Local outlook on the Turkish RE Market-current situation and future plans• Source-Based Investment Potential in Turkey • Financing RE projects in Turkey- challenges and solutionsKeynote Speaker: Arif Ozozan

GAMA Energy - TurkeyCEO and Board Member

15:20 Looking ahead:Achieving 100% renewable energy by 2050

• A look into the current studies: what the market is predicting?• The potential of the market could this become reality?• What are the possible policy architecture that could make this happenKeynote Speaker: Nadejda Komendantova

International Institute for Applied Systems Analysis Senior Scientist

16:00 Afternoon Refreshments & Snacks

16:30 An interactive panel discussion and brainstorming session

17:00 Closing Remarks from the Chair17:10 Farewell



renewable energy finance in practice · • review of risks associated by each model (ppa,...

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