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

8:55 – 9:00 AM

Welcome Address

Vincent Elias, General Manager, Euromoney Financing Events

9:00 – 9:30 AM

The State of Play for U.S. Renewable Energy

Featuring:

Greg Wetstone, President & Chief Executive Officer, ACORE
David Giordano, Managing Director, BlackRock
Susan Nickey, Managing Director, Hannon Armstrong
John EberFormer Managing Director, J.P.Morgan

9:30 – 10:00 AM

Building Success: Reflecting on 15 Years of Growth

Featuring:

Michael Polsky, Founder & CEO, Invenergy LLC

10:00 – 11:00 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

Moderator:

Keith Martin, Co-Head of Projects, Norton Rose Fulbright

Speakers:

Ted Brandt, 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

11:00 – 11:30 AM

Networking & Refreshment Break

11:30 – 11:45 AM

Keynote Address

Neil Chatterjee, Commissioner, Federal Energy Regulatory Commission

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?

Moderator:

Kevin Walsh, Managing Director & Group Head of Power and Renewable Energy, GE Capital – Energy Financial Services

Speakers:

Mit Buchanan, Managing Director, Energy Investments, J.P.Morgan
Santosh Raikar
, Managing Director, Renewable Energy Investments, State Street
Marshal Salant
, Managing Director, Global Head of Alternative Energy Finance, Citi
Darren Van’t Hof
, Managing Director – Environmental and Community Capital, U.S. Bank

12:45 – 2:00 PM

Power Lunch

2:00 – 3:00 PM

Fireside Chat: Impact Investment

Speakers:

Ira Ehrenpreis, Managing Partner, DBL Partners
Ellen Dorsey, Executive Director, Wallace Global Fund
Justin Rockefeller, Cofounder and Chairman, The ImPact

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

Moderator:

Mona Dajani, Partner, Baker McKenzie LLP

Speaker:

Jose Antonio Miranda, CEO, Onshore Americas, Siemens Gamesa Renewable Energy
Antonio A. T. de Bastos Filho, Chief Executive Officer, Omega Energia Renovável S.A.
Jeff Juger, Director of Business Development, Jinko Solar
Steve Lockard, President, Chief Executive Officer, TPI Composites
Armin Sandhoevel, CIO Infrastructure Equity, Allianz Global Investors

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.

Moderator:

Steve Vavrik, Chief Commercial Officer, Apex Clean Energy

Speaker:

Will Conkling, Senior Lead, Global Data Center Energy and Location Strategy, Google
Richard Dovere, Managing Member, C2 Energy Capital
Vanessa Miler-Fels, Renewable Energy Strategist, Energy Strategy & Research, Microsoft
Harry Singh, Vice President, Goldman Sachs

Tuesday, June 19

6:00 – 8:00 PM

Evening Networking Reception

230 FIFTH Rooftop Garden Bar and Restaurant

Wednesday, June 20 - Day 2

8:15 – 9:30 AM

Networking Breakfast

Hosted by WRISE

Join us for breakfast with the Women of Renewable Industries and Sustainable Energy (WRISE), to include a networking session and fireside chat on how a diversified workforce plays an important role in supporting a robust renewable energy economy.

Featuring:

Kristen Graf, Executive Director, Women of Renewable Industries and Sustainable Energy (WRISE)
Anne Weisberg, Women’s Initiative Director, Paul, Weiss, Rifkind, Wharton & Garrison LLP
Meghan Schultz, Senior Vice President – Finance, Invenergy LLC

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?

Moderator:

Greg Wetstone, President & CEO, ACORE

Speakers:

Laura Beane, President & CEO, Avangrid Renewables
Craig Cornelius, President, NRG Renewables
Rafael González, President and Chief Executive Officer, Enel Green Power
Stacey Kusters, President, BHE Solar, BHE Renewables

10:30 – 11:00 AM

Networking & Refreshment Break

11:00 – 11:45 AM

Debate: How Will Renewables Play into Merchant Markets?

Moderator:

Ray Henger, ‎SVP Structured Finance, sPower

Speakers:

Ralph Cho, Co-Head of Power and Infrastructure, North America, Investec Group
Venki Venkateshwara, Managing Director, FTI Consulting
Richard Walsh, Program Lead, Clean Energy Solutions, WGL Energy

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

Moderator:

Kathy Weiss, Vice President of Federal Government Affairs, First Solar

Speakers:

Mark Frigo, Vice President, Head of Energy Storage, North America, E.ON
Alfred Griffin, President, NY Green Bank
Brad Nordholm, Vice Chairman & Sr. Managing Director, Starwood Energy Group
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

Moderator:

Chris Joassin, Director, Global Infrastructure and Project Finance, Fitch Ratings

Speakers:

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, Renewable Energy, 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

Moderator:

Christopher Gladbach, Partner, Orrick

Speakers:

Daniel Brown, Managing Director – Utilities, Power & Renewable Energy, KeyBanc Capital Markets
Ja Kao, President, Onyx Renewable Partners
Conor McKenna, Principal & Managing Director, CohnReznick Capital
Ted Michaels, Managing Director, Power & Renewables Investment Banking, Credit Suisse

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?

Moderator:

Skip Grow, Managing Director, Morgan Stanley

Speakers:

Scott Davidson, Managing Director of US Power Marketing & Strategic Development, SunPower

Jaime Carlson, Executive Vice President of Operations, Cypress Creek Renewables
Chris Radtke
, Co-Head of Power & Renewables – Americas, Credit Suisse
Tim Short, Director, Capital Dynamics