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Co-located with the Hannover Messe, 25th-26th April 2006
Agenda
| Day One, 25th April 2006 |
Download brochure |
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08.15 |
Registration and Morning Refreshments
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08.45 |
Chairman’s Introduction:
Michael Liebreich, Director, New Energy Finance |
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KEYNOTE SESSION: GLOBAL RENEWABLE MARKET OPPORTUNITIES |
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09.00 |
An Overview of Renewable Market Opportunities in Europe and North America
• Current investment trends
• Raising acquisition finance
• Lessons learned
Mark Jones, Managing Director,
GE Energy Financial Services |
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09.25 |
Global Markets in Renewable Energy – A Financiers View
• Trends in renewable energy
• Access to capital
• The emerging carbon markets
• Issues and lessons learned
Richard Burrett, Managing Director, Sustainable Development,
ABN AMRO |
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09.50 |
The Effects of Regulatory Issues on the Development and Use of Renewable Energies
• Global trends in regulation
• The influence of national policy instruments such as feed-in-laws, certificates and targets on renewable energy development
• Best practice – ‘renewables made in Germany’
Dr. Michael Böl, Head of Renewable Energies,
Deutsche Energie-Agentur GmbH (dena) - German Energy Agency |
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10.15
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Policy and Regulation: How to create Investment Opportunities
• Global renewables investment and policy trends
• Criteria for a successful regulatory regime
• What's the potential for market development and how to create investment opportunities
Moderator:
Eric Martinot, Senior Fellow, Worldwatch Institute (lead author of Renewables 2005: Global Status Report)
Panellists:
Mark Jones, Managing Director, GE Energy Financial Services
Michaela Pulkert, Head of Power and Environment, HVB
Juliet Davenport, Chief Executive, Good Energy UK |
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| 10.45 |
Networking Refreshment Break |
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A FEW SELECT MARKET OVERVIEWS – REGIONAL CASE STUDIES
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| 11.15 |
The Role of Renewable Energy in Emerging Market Power
Emerging markets will have an impact on global warming and the need for reliable, affordable power in those markets will continue to grow. Does renewable power meet a need in the emerging markets or a need in the developed markets?
Bob Hart, President and CEO,
Globeleq |
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11.40 |
An Overview of Renewable Energy Markets in Europe
• Focus on renewable energy certificate traded markets in Europe
• Case study: the renewables market in the UK
• Background of the UK Renewables Obligation
• Market overview – trading activity, structures of transactions
• Structure of transactions for project developers
Fiona Santokie, Head of Renewables Markets Europe,
Natsource Europe |
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| 12.00 |
Financing of Sustainable Energy Projects in Eastern Europe
• An overview of working financial instruments
• Concrete renewable energy project examples
• Carbon finance for renewables in Eastern Europe
• Development of environmental due diligence procedures
Jan-Willem van de Ven, PPC Officer - Energy Business Group,
EBRD |
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12.20 |
Financing Renewable Energy Projects in Developing Countries
• Requirements
• Specific criteria of financing and challenges
• Case study
Dr Carola Klier, Investment Manager,
DEG (Deutsche Investitions-und Entwicklungsgesellschaft) |
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12.40 |
Networking Lunch |
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LATEST TRENDS: DEVELOPING INNOVATIVE FINANCE MODELS |
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14.00 |
Case Study: Lease Financing
• The experience of lease financing in wind growth markets
• How it fits the nature of wind projects
• How leasing offers good terms of financing and options to improve balance sheets
Thomas Richterich, CEO,
Nordex AG |
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| 14.20 |
Case Study: Structuring Multi-Jurisdictional Portfolio Finance Transactions
• The commercial rationale
• Perspectives on risk diversification
• Managing transaction complexity to ensure success
• Comparison of recent transactions
Mike O’Neill, Commercial Director,
RES Group |
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| 14.40 |
Case Study: Breeze Two - Providing an Important Alternative Source of Financing to Developers
Speaker to be announced |
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15.00 |
Case Studies: Is Small Beautiful?
• Financing small brownfield sites in the UK
• Madness for multi-megawatt turbines. Better returns from small turbines?
Tom Murley, Director, Head of Renewable Energy,
Hg Capital |
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| 15.20 |
Networking Refreshment Break |
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GETTING RISK MANAGEMENT RIGHT |
| 15.45 |
How to Minimise Risk in International Projects
• Risk management assessment and infrastructure
• Strategies for assessing and managing risk
• Managing investment risks and opportunities
Dr Helmut Klug, Vice Managing Director,
DEWI (Deutsche Wind Energie Institut)
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| 16.05 |
Forecasting – The Implications of Uncertainty: Weather and Climate Effects on Renewable Energy Generation
• An overview of weather and climate phenomena that impact on renewable energy generation
• Strategies for reducing uncertainty due to weather and climate through forecasting strategies
• What can be expected in the future from changes in climate due to global warming and how does this impact renewable energy generation
Ken Westrick, CEO,
3TIER Environmental Forecast Group |
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| 16.25 |
Project Financing – The Good, the Bad and the Ugly
• The advantages of project financing
• Some hints for optimising the financial structure
• Can the ‘real options’ approach lead to better investment decisions?
Joerg Boettcher, Head International Project Finance-Energy Group, HSH Nordbank |
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16.45 |
Mezzanine Finance: Bridging the Gap between Debt and Equity
• When is it appropriate?
• What do mezzanine lenders look for?
• What is the impact on debt and equity by using mezzanine?
Vivek Mittal, Head of Energy and Utilities,
Bank of Scotland |
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| 17.05 |
Raising Subordinated Capital
• The senior debt to mezzanine to equity spectrum
Anthony de Heinrich, Vice President,
Investec |
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| 17.25 |
End of Day One |
08.15 |
Morning Refreshments |
| 08.30 |
Chairman’s Introduction:
Dr. Michael Böl, Head of Renewable Energies,
Deutsche Energie-Agentur GmbH (dena) - German Energy Agency |
| 08.45 |
Keynote Case Study – A Successful IPO
• Reasons for placing shares via an IPO despite profitable growth
• What are the factors of success
• Post IPO – what happened after the IPO
Nikolaus Krane, Member of the Board,
Conergy |
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09.05 |
Spinout to IPO
• The specific challenges alternative energy business faces when raising venture finance
Adam Workman, Investment Manager, Venture Capital,
The Carbon Trust |
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ATTRACTING CARBON FINANCE AND EMISSIONS TRADING |
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09.25
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How can Carbon Finance and Emissions Trading help Finance Renewable Energy Projects?
• EU Emissions Trading Scheme
• Risks and opportunities in the emissions market
• Factors shaping the new markets in carbon credits and allowances
• Trading renewable energy certificates and carbon credits to develop RE projects
• Role of renewables in achieving European carbon targets
• Kyoto instruments and CDM and JI activities and developments in practice
• Drivers and obstacles for CDM/JI projects
Panellists:
Skip Willis, Managing Director, ICF Consulting
Marc Stuart, Co-Founder, EcoSecurities
Artur Runge-Metzger, Head of Unit, Climate Change, Ozone and Energy Unit, European Commission
Adam Workman, Investment Manager, The Carbon Trust |
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INVESTING IN SECTOR DEVELOPMENT |
| Session Moderator: Rob Bremner, Director of Energy, BearingPoint |
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09.40 |
Financing Solutions from a Project Development Perspective
• Managing financial opportunities
• Meeting customer requirements
Joachim Mueller, CFO,
Voltwerk AG |
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| 10.00 |
Financing of Renewable Energy in Germany
• New developments/latest trends (PV/Biogas/Wind Power)
• Challenges of decreasing (German) wind market and the upcoming of new technologies (e.g. biogas, biofuels, geothermal)
• Off shore wind – when will it be feasible?
Joerg Fischer, Vice President, Project Finance,
Bremer Landesbank |
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| 10.20 |
Project Finance Requirements for Renewables during the Operating Phase – a Bank’s Perspective
• Evaluating by regression model
• Adjusting results in a long-term cash-flow forecast
• Requirements of technical management
Torsten Hinsche, Head of RE Group,
Commerzbank |
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| 10.40 |
Wind Power and Project Finance
• Optimal regulatory regimes
• Shifting risk
Lars Kolte, Managing Director,
Eksport Kredit Fonden |
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11.00 |
Networking Refreshment Break |
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| 11.20 |
Putting Offshore into Perspective
• Lessons learnt: from onshore to offshore
• Risk management requirements – the offshore focus
• Grid requirements and PPP – potentials/possibilities
• Latest findings: large scale integration – an EWEA study
Klaus Rave, Member of the Board,
Investititonsbank Schleswig-Holstein and Vice President, EWEA |
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11.40 |
Funding Requirements for Offshore Wind Projects
• Offshore wind – experience to date
• Obstacles to financing
• Options for overcoming these
Colin Morgan, Principal Engineer,
Garrard Hassan |
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| 12.00 |
Financing SOLAR Energy – An Equity Capital Markets Perspective
• Trends in equity capital markets
• Financing solar energy companies
Martin Hoerstel, Managing Director, Equity Capital Markets,
Deutsche Bank |
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| 12.20 |
Outlook for the European Biodiesel Market
• Latest trends in financing biofuels
• Drivers and barriers
• Will the growth continue?
Nurhan Erguen, Managing Director,
Energea Biodiesel Technology |
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12.40 |
Case Study: Project Financing of a Woodfired Biomass Power Plant in Germany
Main financing aspects from a lenders perspective, including:
• Financial structure
• Fuel supply strategy / requirements
• Technical due diligence
• Main participants
Holger Reinicke, Assistant Vice President, Project Finance Energy, NORD/LB |
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| 13.00 |
Case Study: Structuring and Financing a Biomass Fired Power Plant in The Netherlands
• How to deal with technology issues?
• The role of regulated incentive schemes
• Aligning interests of project parties involved
Dennis van Alphen, Transport & Energy,
NIBC Bank |
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| 13.20 |
Market Opportunities in UK Energy from the Waste Market
• Interaction between UK Renewables Obligation and the EU Waste Directives
• New technology options
• Commercial and financial issues
David Scaysbrook, Founder and Executive Director,
Novera Energy |
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13.40 |
Raising Finance for Marine Technology
Speaker to be announced |
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14.00 |
Networking Lunch followed by:
Visit to Hannover Fair Renewable Energy Exhibition |
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