Professional Documents
Culture Documents
4th annual
Silver Sponsor:
industry leaders: Over 40 expert speakers delivering up-to-the-minute market intelligence and insight attendees in 2012 were at VP/director level or above
Riverstone
HgCapital
EDP Renewables
E.ON C&R
Deutsche Bank
This conference, organised by Green Power Conferences, demonstrates that well organised, well focused events, and with the right speakers invited, is still the best way to win businesses and contact potential clients and suppliers
Head of Energy and Environmental Finance,
KfW-IPEX Bank,
Hermes GPE
Dong Energy
Tavraj Banga, Director,
Aviva Investors
Terra Firma
Gold Sponsor:
Organised by:
It was a fruitful 2-days with many developers, investors and nanciers of wind farms under oneroof. It was certainly worth the long ight from Singapore
Chief Executive Officer, K-Green Trust,
Global Wind Power Finance & Investment Congress 2012
The 4th Annual Event dedicated to Financing, Investing and Risk Management in Wind Power
This high-level strategic event continues to bring together c-level representatives from the wind industry, with global nanciers, investors and insurers, providing not only outstanding scope for networking with decision-makers, but also targeted and in-depth conference sessions.
Riverstone is an energy and power-focused private equity rm founded in 2000 with approximately $24 billion of
equity capital raised across seven investment funds, including the worlds largest renewable energy fund. Riverstone conducts buyout and growth capital investments in the renewable sectors of the energy industry, committing approximately $20.9 billion to 95 investments in North America, Latin America, Europe, Africa and Asia.
Impax Asset Management is an award winning, leading investment manager dedicated to investing in the
opportunities created by the scarcity of natural resources and the growing demand for cleaner, more efcient products and services, through both listed and private equity strategies. Impax Asset Management manages c. US$3.2 billion** (2.0 billion) for institutional and high net worth investors globally, and are committed to providing strong long-term riskadjusted returns.
GLOBAL PERSPECTIVE: develop director level contacts in wind and finance industries with over 80% of our attendees VP/Director level from over 20 countries worldwide
Aviva Investors is part of Aviva, one of the worlds largest insurance companies, helping corporate and institutional
clients anywhere in the world. Most of Aviva's 274 billion*** under management is in xed income, real estate and multiasset solutions, and a range of other capabilities across all major asset classes.
HgCapital
Has assets under management of 3.7 billion, serving over 100 highly regarded institutional investors, including private and public pension funds, endowments, insurance companies and fund of funds and has 100 employees in two investment ofces in the UK and Germany.
Ambienta SGR
Is a growth SME investor targeting the environmental sector, seeking to capitalise on huge and growing markets for businesses focused on energy and resource efciency, waste management and pollution, and renewable energy services, with committed capital of 217.5 million for Ambienta I, the inaugural fund launched in 2008, raised from institutional investors, family ofces and the investment team.
PGGM
PGGM is a leading Dutch pension fund service provider. PGGM offers its institutional clients: pension fund management, comprehensive asset management, policy advice and management support. Currently on behalf of ve pension funds PGGM manages slightly in excess of EUR 128 billion for 2.5 million people. As a co-operation with more than 570,000 members, PGGM is helping to achieve a valuable future. Either alone or with strategic partners, PGGM is developing innovative future provisions by linking together pensions, care, housing and work.
* As at 31 December 2012 ** As at 31 January 2013 *** As at 30 June 2012
This event stands out as having a focus on the critical issues and the right people involved in them to share insights and point the way forward. Outstanding scope for follow-on networking
Corporate Finance Officer,
Mainstream Renewable Power, Global Wind Power Finance & Investment Congress 2012
The conference format will include key presentations from financial thought leaders, institutional investors, global wind developers, government bodies, utilities, manufacturers, insurers and also include analyst presentations, industry panels, stimulating roundtable discussions and interactive participant Q&A sessions.
Policy Backdrop: The Effect of Energy Market Reforms and Changing Policy Landscapes on Wind Projects
Investor Outlook: Funding and Financing Wind Power Setting the Scene
Examining the current state of the finance markets and new financing trends Bolstering investor confidence in wind power Has the lack of clarity on the regulatory front muddied wind asset values? Will wind asset finance pick up in 2013? Wind finance forecasting for 2013 and beyond Will new methods of financing help to cycle money back into development and construction? Robert Mansley, Managing Director, Capital Markets, GIB (Green Investment Bank) Chris Hunt, Managing Director, Riverstone Tom Murley, Head of Renewable Energy, Hg Capital
What are governments doing to foster financing? Is the process working and are government incentives sufficient? What effect has the EMR had on PPAs? Impact of the move from RO to CfD - what are the true effects of ROCs being replaced by fixed price contracts for difference mechanisms? Do other systems in other countries work better? Financial regulation: what are the effects of Basel III and Solvency II on long-term lending or equity investments in wind power? Ian Temperton, Head of Advisory, Climate Change Capital Mortimer Menzel, Partner, Augusta & Co James Greenhalgh, EMR Stakeholder Manager, National Grid 15.00 Networking refreshment break 15.30
11.00
12.00
The diversity at the conference means that the discussion isn't just limited to whats hot right now, as it also explores what might be hot next
Director, Terra Firma
Global Wind Power Finance & Investment Congress 2012
A very insightful event, well organized and an excellent opportunity to network with the industry and share our views. We will denitely be back!
Managing Director, UniCredit - Global Wind Power Finance & Investment Congress 2011
Magnus Goodlad, Head of Renewables, Hermes GPE Joseph Slamm, Partner, Hudson Clean Energy Partners Tavraj Banga, Director, Terra Firma Rolando Polli, Partner, Ambienta SGR 12.45 Networking Lunch 14.00
Offshore Wind Power Financing Structuring, Financing and Risk: Creating a Solid Financial Basis
Case studies Lack of knowledge or lack of capital? Why capital structure is key What are the complexities involved as size of transactions increase? Why funding and phasing is key Importance of certainty over construction liability (EPC vs multicontract), design verification (certification), tried and tested design, experienced contractors Investing in assets including cables and substations Which parties are capable of taking construction risk? Are innovative pilot projects for 1st loss protection a step in the right direction? Martin Neubert, Senior Director, Head of Partnerships, Wind Power, Dong Energy Keiji Okagaki, Vice President, Marubeni Europower Wolfgang Bischoff, Head of Energy Finance, EMEA, Siemens Bank Joris van der Geest, Investment Advisor, Ampere Equity Fund, SUSI Partners Wilfried Breuer, Managing Director and Board Member, TenneT Offshore
10.15
New Sources of Financing Beyond Bank Debt What are the Options? What Role do ECAs, Pension Funds, Insurance Companies, Multilaterals play?
Who will fund wind farms in the future? What type and sizes of projects will have access to new sources of financing? What will be the spread, tenors, leverage and terms? How can we tap new sources of financing and ensure investor confidence in the longer term assets? What role is there for ECAs and development banks? Pension funds and insurance companies what opportunities are there in wind? Risks, structures and rates of return How to attract investment in offshore wind as a specific asset class? Volume of debt and equity capital Construction vs operation risk Which funding structures are working and why? Will we see the beginnings of a new clean energy project bond market in Europe? Moderator: Ben Backwell, Editor-in-Chief, Recharge Dennis van Alphen, Senior Investment Manager, PGGM Pia Bastrup, Chief Underwriter, EKF David Jones, Managing Director, Allianz Capital Partners Dima Rifai, Chief Executive Officer, Paradigm Change Capital
15.30 Networking refreshment break 16.00 Financing Offshore Grid Expansion Financing French Offshore Wind Challenges and Opportunities An opportunity to take part in stimulating roundtable session groups. Each session will be chaired by an industry expert, who will facilitate an exchange of opinions and then feedback to all congress participants. 17.00 Close of conference
* Agenda correct at time of going to print
Roundtable Discussions:
11.15 11.45
Private Equity Operational Assets, Risk, Buying and Selling Wind Power
What are PE companies ideal risk profiles? What yields are PE looking for? Long-term ownership of wind and optimisation of performance over a project lifecycle Purchasing operational wind assets compared to other infrastructure assets
RWE
DNB Bank
RESERVED
15+
4 1
1
SOLD
Entrance
VP/DIRECTOR LEVEL
80% 200
OVER
2 3
Registration
ATTENDEES
Gold Sponsor:
This year's wind power nance & investment conference was a great place to meet all those companies that are serious about nancing wind projects. To nd them all in one location was fantastic!
Global Wind Power Finance and Investment Congress 2011
Silver Sponsor:
Nephila Capital Ltd was founded in 1998 and is one of the oldest and largest investment managers dedicated to the natural catastrophe and weather risk sectors. Nephila, which is partly owned by KKR, offers weather-linked risk transfer hedges to businesses worldwide, including to participants in the renewable energy space. Weather-linked risk transfer solutions are used to hedge volumetric and revenue risks inherent in renewable energy projects such as wind, solar and hydroelectric.
The conference was a high calibre event gathering a senior level of market participants across the stakeholder spectrum
Chief Executive Officer,
Paradigm Change Capital Partners, Global Wind Power Finance & Investment Congress 2012
Research Partner:
Add our De-Risking Offshore Wind Masterclass on June 21 to your package for just 799 and get even more out of your time at the event!
NEW Masterclass: De-Risking Offshore Wind How do you Open Doors to More Capital?
Managing and offsetting risk in offshore wind power development is crucial to securing project investment. This masterclass will include real case studies and focus on reducing risk and maximising returns for developers and investors.
Understanding and managing risk in the development of offshore projects achieving balance in risk distribution, exploring construction risk, successful partnering De-risking projects to encourage greater funding by investors matching banks requirements for investment Increasing availability of insurance products to cover specic risks, coverage for volume of projects Reducing offshore project risk through due diligence, reducing risk by understanding multi-contract insurance Enhancing project risk management and insurance programme design Reducing asset risk by reducing technical risk Project delivery risks from construction to commercial optimisation European case studies Early risk identication assessing uncertainties and optimising your business strategy Speakers: Ernst Bedacht, Underwriter, Munich Re Christos Kolliatsas, Wind Leader, Mott MacDonald Thomas Karst, Senior Partner MAKE Consulting Steen Broust Nielsen,Senior Partner MAKE Consulting
Venue: The Tower - A Guoman Hotel, St Katharine's Way, London, E1W 1LD Tel: 0871 376 9036 Fax: 0871 376 9136
1649!
www.guoman.com/en/hotels/united_kingdom/london/the_tower/index.html
Accommodation: Registered delegates will be sent hotel options and booking forms.
All prices in GBP and subject to UK VAT.
Access to:
2 Day conference & exhibition Cocktail reception (June 19) Conference documentation Full access to online networking Printed attendee list Membership of the Global Wind Series, giving you 10% off our events in 2013 Wind Finance & Risk report
Networking Pass
Limited Pass
2,999 2,849
1,999 1,849
1,799 1,649
SPECIAL RATES AVAILABLE for developers/operators with less than 100MW operational and non-profit/government/academic institutions.
Contact bryony.abbott@greenpowerconferences.co.uk for further information. These rates are subject to the approval of Green Power Conferences.
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