| 09:00 - 09:45 Keynote Panel: Project Financing in 2010 |
- Reality check β what is the current state of the solar investment & finance market as we are halfway through 2010 β which projects have succeeded, failed and why
- What are the differences between project financing for smaller projects and larger? What requirements need to be in place and what is the optimum project financing structure for your size of project?
- Where is the future for Solar I&F β understand which projects are most likely to get right through the financing process for both public and private money, and apply lessons learned for your projects
John Bartlett, Financial Analyst, Department of Energy
Michael Mendelsohn, Senior Financial Analyst, NREL
Chris Bala, Vice President - Project Development, United Solar Ovonic
Moderated by: Paula Mints, Principle Analyst, Navigant Consulting |
| 09:45 - 10:00 Keynote Address: |
- Hear about the latest Californian initiatives from the State Treasurer and the part that solar will play in the renewable future of California
- Hear how renewable energy funds from the State California will help propel the solar industry forward in this time of recovery
The Honorable Bill Lockyer, State Treasurer of California |
| 10:00 - 10:30 Impact of New Legislation on Solar Energy Investment & Finance |
- A crucial update on the Energy and Climate Bill β Understand how certain provisions will bear strongly on the solar market, including the cap and trade structure on carbon emissions, increased credits for solar and a clean energy bank
- Understand how a 30% manufacturing tax credit could dramatically benefit technology developers and the impact of new regulatory changes for solar project developers
- Get the latest updates on initiatives in the pipeline and how they could accelerate the development of your large-scale or distributed generation project
John Bartlett, Financial Analyst, Department of Energy |
11:00 - 11:30 Regulation and Government Subsidies βA Guide |
- Understand how recent regulatory changes have affected tax credits, how this will spur on your utility scale or distributed project and the deadlines you need to stick to!
- Get to grips with how stimulus money has played a role in deals done in 2009;
earn from the lessons of your peers (and avoid their mistakes!)
- Discover how subsidies are likely to continue so that you can plan effectively, and how the extension of the Treasury Tax Subsidy Program will impact your project and investment β will extension ensure that projects not yet ready to begin construction or tax equity markets not yet primed to rebound, will still have a chance to benefit?
- Understand timings for the Treasury Tax Subsidy Grant Program and the Loan Guarantee Program, so that you are fully prepared for the processes required
Vicky Macdowell, Risk/Compliance Officer, US Department of the Treasury |
11:30 - 12:00 Getting Financed with Stimulus Money; Navigating the Loan Guarantee Program |
- Understand how getting to grips with requirements for stimulus dollars will save you valuable time and money and give your application the best possible chance of success
- Understand how the Loan Guarantee Program works, what the application requirements are and which projects are likely to succeed, and why!
Kenneth Hansen, Partner, Chadbourne & Parke |
| Utility Scale Solar in 2010 β From PPAs to EPCs β Understanding Financing Issues For Successful Contracting |
1:30 - 2:15 Les Sherman, Partner, Orrick
2:15 - 2:45 Kelly Beninga, WorleyParsons |
| 2:45 - 3:45 Overcoming Common Stumbling Blocks β Effective Planning for Financeable Projects |
- Understand why projects with each component fully secured are at a considerable advantage
- Get the latest on how to structure projects that meet the economic return and riskΒ mitigation requirements of both debt and equity financiers
- Get the very latest on the transmission infrastructure gap and understand how effective regulatory support and planning can help!
2:45 - 3:15 Glen Davis, CEO, Agile Energy
3:15 - 3:45 Jesse Tippett, Managing Director, Albiasa Corporation |
| 4:15 - 4:45 First-Round Financing in 2010 β How Morgan Solar Raised $8.2 Million for their CPV Project |
| Nicolas Morgan, VP Business Development & Marketing, Morgan Solar |
| 4:45 - 5:15 Lessons Learned From Europe β A Case Study |
- How will new companies coming into the flourishing US market affect the financing and deal structures of future projects
- What can be gleaned from the European solar experience and how can the industry benefit from important lessons learned there in both financing and project development
Michael Armstrong, Business Development Manager, Concentrix Solar |
| 11:00 - 12:00 Tax Equity for Solar Project Financing |
- What are the expectations of tax equity investors and what do you stand to gain from this mode of financing?
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Get an A-Z guide on how to identify and secure tax equity financing in 2010, and get up to date on how this could change in coming years
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Hear from SolarCity on their recent Tax Equity deal with PG&E β how did the deal come about, and whatβs next for this new partnership?
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Understand how tax equity investors differentiate between solar technologies, and what their expectations are in the 2010 solar market
Mike Niver, Director, Product Finance, SolarCity
Mit Buchanan, Managing Director, JPMorgan Capital Corporation
Bruce Gebhardt, Partner, Pathfinder Capital Advisors
Edward Fenster, CEO, SunRun Inc
Moderated by: Lauren Hill, Senior Vice President, Mesirow Financial |
| 12:00 - 12:30 Navigating a Debt and Equity Financing Deal in Practice |
- Is your project risky or even feasible for debt financing? Find out what steps banks are taking to ensure ROI β give banks the confidence they need to comfortably finance your project
- Understand why your PPA, EPC & O&M plans need to be secured in order to secure your financing
- From 50MW to 250MW β How much more difficult is it to get financing for a 250MW project, how many more banks need to be involved and what hurdles can you expect as your project increases in size?
Vinod Mukani, Senior Director, Structured Finance Americas β Origination, Nord LB
Himanshu Saxena, Vice President, Starwood Energy Group Global, LLC |
| 12:30 -1:00 Debt Financing Availability |
- Understand what the true cost of debt and availability of debt financing is in 2010, and what you stand to gain!
- Understand what lenders are looking for in your projects and how they assess their investment options β what are banks criteria and how do you match your strengths to the banks requirements
- Hear from those who are lending and borrowing and understand the steps you need to ready your project for financing
Bill Harrison, Structured and Project Finance - North America, BBVA Securities
Vinod Mukani, Senior Director, Structured Finance Americas β Origination, Nord LB
Nikolas Novograd, Vice President of Finance, Nextlight Renewable Power |
| 2:15 - 3:10 Private Equity and Venture Capital β Get Funded, Fast! |
- What does it take to successfully raise equity capital for a project or corporate? Β What have you learned through your experience?
- Commercialization Gap between venture and project: venture backed company to project developer and project from venture. Two perspectives
- What policy would be most helpful in the US? Technical Performance Guarantee by DOE - Aggressive and sun setting national FiT with domestic content provisions Β
- Risks for the future
Gilbert Barnes, Managing Director, Greencore Capital
Abe Yokell, Principal, Rockport Capital
Jon Bonanno, Chief Investment Officer, Sustainable Power Assets
Rohn Crabtree, Partner, Energy Power Partners
Joshua Raffaelli, Associate, Draper Fisher Jurvetson |
| Post-Recession Solar - Markets and Opportunities |
- Get the down low on new global and regional markets for solar and hear about their investability β how do regional incentives and bank involvement affect the prospect of business development in these areas?
- How are stimulus dollars helping, what is getting announced and what does this tell us about the state of the market?
- How has demand changed over the last twelve months and what impact does this have on financing from both equity and debt
- Understand how realistic cost projections will have an escalated impact on large scale projects, and how to take into account the forgotten factors
3:30 - 4:15 Jerry Bloom, Partner, Winston & Strawn |
4:15 - 4:45 Michael Mendelsohn, Senior Financial Analyst, NREL |
| 4:45 - 5:30 Utilities β From PPA to Ownership in 2010 and Beyond |
- Get to grips with purchase rates and power purchase program structures in the US in both investor owned and municipal state utilities
- Ensure you understand how to work with small municipal utilities and large investor owned utilities alike and work with these bodies towards common goals
- How will utility involvement in Solar Project Development evolve over the next decade β hear the latest on exciting initiatives that offer the opportunity for up to
100,000MW of solar in the Western States!
Mark Kapner, Senior Strategy Engineer, Austin Energy
Bud Beebe, Regulatory Affairs Coordinator, SMUD
Aaron Johnson, Director of Renewable Energy Policy & Strategy, Pacific Gas & Electric
Moderated by: David Peck, California Public Utilities Commission |