Day 1
Registration & refreshments
Opening remarks from the Chair
Welcome Address
Debt – a Bankers perspective on emerging from the credit crisis
The issues in the debt market created by the financial crisis are well documented. The renewables sector has held up comparatively well in this storm. In a market with increasing evidence of green shoots this session explores where in the renewables market bankers will be spending their time in 2010 and what borrowers should expect in terms of appetite and approach:
- Factors influencing lending decisions: sub-sector, geography, regulatory regime, client/sponsor
- Financing terms: what does the new equilibrium look like?
- The role of Multi-lateral agencies in project finance lending.
- Noble dreams or achievable goals: A bankers perspective on targets, timescale and capital supply versus capital demand.
Morning refreshments
Equity – an Investor’s perspective
The opportunity is now greater for equity than it is for debt, but it is essential that investors understand the technology and sector they are investing into.
- Views on equity capital necessary to reach 2020 target: how can new forms of equity capital be sourced and put to work
- The collapse of PE/Infra/Cleantech fundraising and lessons from the dotcom crash
- Challenges and opportunities in raising capital in the current market
- Factors influencing equity investment decisions: Return hurdles, sub-sector, geography, regulatory regime, client/sponsor
- Assessing the current market for biomass, solar and wind - future direction and value for the potential investor
Networking Lunch
Round Table – Attainable Targets?
The UK alone faces an estimated £200 billion worth of investments within the next decade to meet its renewable targets, supported by a recuperating banking sector, selective and well-tapped equity investors and utilities facing significant capital expenditure demands across a range of sectors. How will countries with renewable investment targets foot the bill?
- Roundtable 1: How will the market tap alternative sources of funding?
- Roundtable 2: What role can different actors play in this?
- Roundtable 3: Is it right to try?
Delegates will be split into three roundtable groups set to develop a strategy for funding future Renewable Energy projects in the UK, Europe and ROW. Each roundtable will nominate a lead spokesperson to feedback. Our Expert panel will then conclude this session with viable solutions to the challenge ahead.
Afternoon refreshments
Supply Chain Issues
A great deal of focus has been placed on the ability of developers to acquire equity and debt financing to build out generating capacity; but often the ability of the supply chain to deliver against targets is a neglected focus of investors and policy makers alike. How well positioned is the supply chain to deliver?
- Offshore health check: What is the scale of financing, infrastructural support and time required to deliver appropriate ports, vessels, grid, cables and turbines to support the offshore wind sector
- Onshore wind: to what extent will a revival in the US market lead to a return to tight turbine supply and harsh contract terms in the European market?
- Outlook for suppliers in the PV solar market: Financial vulnerability, vertical integration and the rise of Chinese module suppliers
- Vestas factory closures - is this symptom of short term strategy in the UK?
Keynote Address
The Conservative Party vision for Renewable Energy adoption in the UK – meeting 2020 targets
The UK general election is to be staged before next June. What are the energy strategies of the leading political parties?
