Renewable Energy Finance Forum-Wall Street

InterContinental Barclay New York City

Monday, June 18

6:30 – 8:30 PM

Opening Networking Reception

The Gallery – InterContinental New York Barclay

Tuesday, June 19 - Day 1

8:00 AM

Registration & Breakfast

8:45 – 9:00 AM

The State of Play for U.S. Renewable Energy

Featuring:

Greg Wetstone, President & Chief Executive Officer, ACORE

9:00 – 9:45 AM

Keynote Address

9:45 – 10:15 AM

Building Success: Reflecting on 15 Years of Growth

Featuring:

Michael Polsky, Founder & CEO, Invenergy LLC

10:15 – 11:15 AM

Capital Stacks for a Maturing Sector

Capital stacks for renewable energy are evolving as the sector attracts new investors, absorbs the effects of tax reform, reconciles with the sunset of tax credits, and responds to other market and policy changes. This session will bring together leading players for a discussion about sources of capital for project finance and forecast how capital stacks will adapt now that sector is the number one source of U.S. infrastructure investment.

  • New sources of capital
  • The roles of debt and equity in a post-tax equity environment
  • Prospects for MLPs and other potential new tools for raising capital

Speakers:

Keith Martin, Co-Head of Projects, Norton Rose Fulbright
Ted Brandt, Co-Founder and Chief Executive Officer, Marathon Capital
David Giordano, Managing Director, BlackRock
Susan Nickey, Managing Director, Hannon Armstrong
Ray Wood, Managing Director, Bank of America Merrill Lynch

11:15 – 11:45 AM

Networking & Refreshment Break

11:45 – 12:45 PM

The State of Tax Equity Investment

Tax equity has been an important driver of renewable energy investment during a time of tremendous sector growth. However, the new tax law impacts renewable energy investment, which is causing some tax equity providers to reassess their engagement in the sector. Investors, senior executives and tax experts will reflect on recent developments as they assess the state of tax equity markets in 2018 and beyond.

  • How will the BEAT impact the availability and cost of tax equity? Are the impacts different for PTC verses ITC deals? Will affected tax equity providers exit the marketplace?
  • Key Treasury guidance issues on tax reform
  • Will a self-shelter approach to tax in conjunction with maximum leverage become preferential to raising third-party tax equity?
  • When does tax equity shift to the holdco and debt to the opco?

Speakers:

Mit Buchanan, Managing Director, Energy Investments, J.P.Morgan
Pooja Goyal
, Head of Alternative Energy Investing, Goldman Sachs
Santosh Raikar
, Managing Director, Renewable Energy Investments, State Street
Marshal Salant
, Managing Director, Global Head of Alternative Energy Finance, Citi
Kevin Walsh
, Managing Director & Group Head of Power and Renewable Energy, GE Capital – Energy Financial Services

12:45 – 2:00 PM

Power Lunch

2:00 – 3:00 PM

Fireside Chat: Impact Investment

3:00 – 4:00 PM

The Global Competitive Marketplace

Renewable energy continues to mature internationally in both new and existing markets, but new tariffs and tax reform have begun to alter the status quo, and more changes may be coming as other nations react to U.S. trade restrictions. Experts will discuss the nature of international markets, and how the U.S. market may be affected by global trends in development, manufacturing and investment.

  • The impact of U.S. and Indian solar tariffs on the global marketplace
  • How will policy changes impact developers who build internationally or international companies seeking to develop in the U.S.?
  • How are solar module manufacturers reacting to the tariffs?
  • How project sponsors plan to continue attracting investment in the face of higher prices for solar

Speaker:

Jose Antonio Miranda, CEO, Onshore Americas, Siemens Gamesa Renewable Energy
Jeff Juger, Director of Business Development, Jinko Solar
Steve Lockard, President, Chief Executive Officer, TPI Composites

4:00 – 4:15 PM

Networking & Refreshment Break

4:15 – 5:15 PM

C&I Procurement: Fostering Adoption Throughout Company Value Chains

Big brands are committing to sourcing goods and services made with renewable energy in support of existing customer-facing renewable energy goals. This session will address how efforts to create “made-by-renewable-energy products” may spur the next wave of corporate renewable energy adoption as companies further up the value chain create new demand for renewables, and will also address the barriers such companies face when entering the market.

Speaker:

Vanessa Miler-Fels, Renewable Energy Strategist, Energy Strategy & Research, Microsoft

Tuesday, June 19

5:30 – 8:30 PM

Evening Networking Reception

230 FIFTH Rooftop Garden Bar and Restaurant

Wednesday, June 20 - Day 2

8:00 AM

Morning Refreshments

8:45 – 9:30 AM

Keynote Address

9:30 – 10:30 AM

Developer CEO Strategies

This panel will feature the heads of leading renewable energy developers to offer insights on how they are adapting their strategies to confront changes in the marketplace.

  • How are solar tariffs, changes to the tax equity market and policy uncertainty affecting project pipelines?
  • How are solar and wind positioned competitively moving forward given the new policy pressures? What is the role for energy storage?

Speakers:

Laura Beane, President & CEO, Avangrid Renewables
Craig Cornelius, President, NRG Renewables
Stacey Kusters, President, BHE Solar, BHE Renewables
Greg Wetstone, President & CEO, ACORE

10:30 – 11:00 AM

Networking & Refreshment Break

11:00 – 11:45 AM

Debate: How Will Renewables Play into Merchant Markets?

11:45 AM – 1:00 PM

Power Lunch

1:00 – 2:00 PM

Grid Modernization: Opportunities for Growth and Investment

As renewable electricity penetration grows in power markets throughout the U.S., regulators are rethinking rate design and other grid management practices that may affect how renewable energy is paid for. The rise of energy storage and ancillary service technologies are further revolutionizing how electricity is managed and used. Panelists will discuss how such developments are affecting growth and investment in renewable energy, along with the opportunities and challenges moving forward.

  • Investing in grid modernization through the infrastructure package
  • The FERC grid reliability and resilience effort
  • Effects of policy changes on grid management: PURPA reform, state nuclear subsidy policies (ZECs) and PJM’s price formation effort
  • Impacts of the growth and economic viability of energy storage

Speaker:

Mark Frigo, Vice President, Head of Energy Storage, North America, E.ON
Jason Spreyer, Senior Vice President, Business Development, Brookfield Renewable North America

2:00 – 3:00 PM

Trends in Debt Finance

Senior lenders will offer perspectives on leveraging debt for project finance and growth.

  • How new capital is affecting debt markets?
  • Increased green bond issuance
  • Financing into merchant tail periods

Speakers:

Greg Remec, Senior Director, Fitch Ratings
Alberto Garcia, Executive Director – Project & Acquisition Finance, Santander
Greg Hutton, Head of Project Finance, Americas, Rabobank
Jim King, Managing Director, Head of Project Finance & Infrastructure, CIBC Capital Markets
Beth Waters, Managing Director- Project Finance Americas, MUFG
James Wright, Managing Director, Renewables, Infrastructure & Real Estate Group, HSBC Securities (USA) Inc.

3:00 – 3:15 PM

Networking & Refreshment Break

3:15 – 4:15 PM

Equity Investment

Prominent investors will assess trends and opportunities in public and private equity markets as the sector continues to evolve and project sizes increase.

  • Who is investing?
  • The emergence of energy private equity funds, in which committed capital is deployed by the sponsor
  • Trends in infrastructure equity investment
  • Growth in corporate M&A

Speakers:

Christopher Gladbach, Partner, Orrick
Daniel Brown
, Managing Director – Utilities, Power & Renewable Energy, KeyBanc Capital Markets

4:15 – 5:15 PM

Consolidation in the Renewables Sector

The past few years of market growth have brought significant ownership changes of renewable energy developers, yieldcos and energy storage companies. Panelists will assess how further industry consolidation and long-term investors will continue to transform the sector over the coming years.

  • The recent trend of passive equity partnering with a manager or other active party to invest substantial volumes in U.S. renewables (e.g., APG behind Cap Dyn, AIMCo partnering with AES, LPS behind DSRI)
  • The rise of low-cost capital
  • Who will own operating renewables generation five years from now?

Speakers:

Skip Grow, Managing Director, Morgan Stanley
Scott Davidson, Managing Director of US Power Marketing & Strategic Development, SunPower
Tim Short
, Director, Capital Dynamics