8.30 Registration
9.00 Chair’s opening remarks
William Glassley, Executive Director, California Geothermal Energy Collective
9.10 Keynote opening address
Ed Wall, Program Manager, Geothermal Technologies Program, US DOE
9.30 Geothermal power and the new energy economy
- The geothermal renaissance: Factors driving today’s investor interest
- New policy initiatives and incentives impacting geothermal investments
- The potential contribution of geothermal power to the energy mix in the next 5, 10, 25 and 50 years
>> Charles Baron, Researcher, Climate & Energy, Google.org
>> Mark Taylor, Associate, New Energy Finance
10.15 The global geophysical potential for geothermal energy
- Estimating proven and potential resources in the US and internationally
- Evaluating resources using Next Generation geothermal resource mapping
>> David Blackwell, Professor of Geophysics, Southern Methodist University
10.35 Networking Coffee Break
11.15 Current trends in venture capital and equity investment
- New strategies for raising capital in today’s turbulent financial climate
- Understanding what today’s investors are looking for in a geothermal investment prospect
- The emerging role of private equity companies in geothermal investment
- Assessing the current volume of deals and the outlook for 2009 and beyond
>> Scott Mackin, Partner, Denham Capital Management
>> Trae Vassallo, Partner, Kleiner Perkins Caulfield and Byers
Paul Ho, Managing Director, Hudson Clean Energy Partners
12.00 Project finance for large-scale geothermal development
- Understanding the challenges in raising capital for geothermal projects
- Principal factors affecting capital costs and risk at each stage of project development
- Structuring the deal: Case studies of debt and tax equity financing for geothermal projects
- The impact of the extension to federal Production Tax Credits (PTC) and Investment Tax Credits (ITC)
on project viability in the US
- Today’s risk/reward appetite – what returns do investors expect?
- New alternative financial instruments for geothermal exploration
>> Alexander Richter, Director of Global Research, Glitnir Bank
>> Roy Piskadlo (Former Managing Director, Head of Commodity Corporate Finance, Merrill Lynch)
>> Ric Abel, Managing Director, Prudential Capital Group
12.45 Networking Luncheon
2.15 The role of major utilities in geothermal growth
- The impact of state-level Renewable Portfolio Standards (RPS) on demand for geothermal energy
- Structuring PPAs / off-take agreements for geothermal power plants
- State and regional transmission initiatives and policies – How much infrastructure is needed and at what cost?
- Comparing geothermal projects with wind and solar from the perspective of the off-taker
>> David Lewis, Director – Competitive Solicitations, Pacific Gas & Electric
>> Tom Fair, Vice President, Renewable Energy, NV Energy
3.15 Global geothermal exploration opportunities
- A comparative analysis of international investment climates for geothermal investment and production
- The impact of carbon emissions cap and trade schemes and the Clean Development Mechanism on the viability of geothermal energy
- Understanding and navigating regulatory regimes and tariff structures in emerging markets
- Current projects and initiatives from around the globe
>> Tim Stephure, Analyst- Renewable Power Generation, Emerging Energy Research
3.35 Networking Coffee Break
4.10 Case study: The Kawerau project, New Zealand
Karl Spinks, Project Geologist - Kawerau, Mighty River Power, New Zealand
4.30 Geothermal development in emerging markets
>> Rahm Orenstein, Director of Business Development, Ormat Technologies
4.50 Networking cocktail reception
6.00 End of day one
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