AWEA Wind Energy Finance & Investment Conference 2016

October 5 - 6, 2016

The Westin New York | New York, NY

PROGRAM AT A GLANCE

(View detailed program by scrolling down or clicking HERE)

Wednesday, October 5

12:00 PM Registration Opens
1:00 PM – 1:30 PM Welcome and Opening Session 
1:30 PM – 2:15 PM Strategic Landscape 
2:15 PM – 3:00 PM Tax Equity
3:00 PM – 3:30 PM Networking Break with Exhibits
3:30 PM – 4:15 PM Rate-Based vs Market Wind
4:15 PM – 5:00 PM Turbine Pricing and Efficiency Trends
5:00 PM – 6:00 PM Networking Reception with Exhibits

Thursday, October 6

7:30 AM Registration Opens
7:30 AM  - 8:30 AM Continental Breakfast with Exhibits
7:30 AM  - 8:15 AM Meet the CEO
8:30 AM  - 9:15 AM Private Equity and Infrastructure Investment
9:15 AM  - 10:00 AM Wind Industry CEOs
10:00 AM  - 10:30 AM Networking Break with Exhibits
10:30 AM  - 11:15 AM Interplay Between Resource Assessment, Turbine Supply and Offtake Agreements
11:15 AM  - 12:00 PM Financial Software and Renewables
12:00 PM  - 1:30 PM Networking Lunch
1:30 PM  - 2:15 PM Public Markets for Wind
2:15 PM  - 3:00 PM Transmission/Infrastructure Investment 
3:00 PM  - 3:30 PM Networking Break with Exhibits
3:30 PM  - 4:15 PM Developments in the Debt Markets
4:15 PM  - 5:00 PM Corporate PPAs: Allocating Risk for the Long-Term Health of the Market
5:00 PM – 5:30 PM Closing Cocktail

 

DETAILED PROGRAM

Wednesday, October 5

12:00 PM

Registration Opens

Location: Majestic Ballroom Foyer

1:00 PM – 1:30 PM

Welcome and Opening Session

Welcome: John Hensley, Manager, Industry Data & Analysis, Government & Public Affairs, American Wind Energy Association (AWEA)

Program Co-Chairs: 
Jacob Susman, Vice President of Origination, EDF Renewable Energy
Raymond Wood, Managing Director - Global Head of Power & Renewables, Bank of America Merrill Lynch

Opening Remarks: 
Tom Kiernan, Chief Executive Officer, AWEA       

1:30 PM – 2:15 PM

Strategic Landscape 

Sponsored by GE Power & Water

This first session will cut across various transactional aspects of wind energy finance as top wind deal makers and investors discuss the strategic landscape for the industry. Listen as the panel explores the most important deals of the year, the impact of YieldCo market dynamics, and the role of private capital providers as they search for alternative assets.

Session Chair: Raymond Wood, Managing Director - Global Head of Power & Renewables, Bank of America Merrill Lynch

Brian Bolster, Managing Director, Goldman Sachs 
PJ Deschenes, Partner, Greentech Capital Advisors 
Declan Flanagan, CEO, Lincoln Clean Energy, LLC 

2:15 PM – 3:00 PM

Tax Equity

A mainstay session of AWEA’s Finance Seminar and ever more topical as the industry prepares to navigate a multiyear phase down in PTC value. Top tax equity investors and wind companies discuss the key role of tax equity for wind energy in an era of higher capacity factors, increasing capital competition from solar, and a reduction in PTC value through 2019. Will the supply of tax equity hold up as developers rush to capitalize on the full value of the PTC? What role will tax equity play as the PTC value drops to 60% or 40%?

Session Chair: Keith Martin, Partner, Chadbourne & Parke LLP

Jack Cargas, Managing Director, Bank of America Merrill Lynch
John Eber, Managing Director Energy Investments, JPMorgan
Daniel Elkort, Executive Vice President and General Counsel, Pattern Energy Group
Martin Torres, Managing Director, Renewable Power Group, BlackRock Alternative Investors (BAI)

3:00 PM – 3:30 PM

Networking Break with Exhibits

Sponsored by Vaisala

3:30 PM – 4:15 PM

Rate-Based vs Market Wind

Utilities have traditionally preferred to procure wind through power purchase agreements, only choosing to own and operate 15% of the U.S wind fleet. However, recent announcements from utilities such as MidAmerican Energy, Xcel Energy, and Alliant suggest an upending to the power off-take market. Panelists from utilities and EEI gather in this session to debate the pros and cons of each approach and future power off-take dynamics.  

Session Chair: Edward Zaelke, Partner, Akin Gump Strauss Hauer 

Doug Benevento, Director of Energy Policy, Xcel Energy
John Maniawski, Senior Director, Power Generation and Transmission, Enbridge 
David Owens, Executive Vice President, Business Operations Group and Regulatory Affairs, Edison Electric Institute (EEI)
Joel Schmidt, Vice President – Regulatory Affairs, Alliant Energy

4:15 PM – 5:00 PM

Turbine Pricing and Efficiency Trends

Wind turbine prices have fallen considerably for the better part of a decade, even as nameplate capacities and rotor diameters have grown, and operations innovations have improved capacity factors. Join global turbine manufacturing leaders as they discuss how future technologies and improved performance will maximize project value and increase investor returns.

Session Chair: Mark Bolinger, Research Scientist, Electricity Markets and Policy Group, Lawrence Berkeley National Laboratory

Scott Baron, Head of Product Strategy, Nordex/Acciona Windpower 
Jeff Fuchs, Vice President, Strategy & Marketing, VAME, Vestas-American Wind Technology, Inc.
Vikaas Rao-Aourpally, Vice President of Sales & Business Development, Goldwind Americas 

5:00 PM – 6:00 PM

Networking Reception with Exhibits

Sponsored by J.P. Morgan

 

Thursday, October 6

7:30 AM

Registration Opens

Location: Majestic Ballroom Foyer   

7:30 AM  - 8:30 AM

Continental Breakfast with Exhibits

Location: Majestic Ballroom Foyer  
Sponsored by Vaisala

7:30 AM  - 8:15 AM

Meet the CEO

Location: Melville
Discover the power of membership and make your voice heard, by sharing your experience with AWEA CEO, Tom Kiernan. All conference participants are invited.

8:30 AM  - 9:15 AM

Private Equity and Infrastructure Investment

The U.S. wind industry has entered an unprecedented era of policy certainty. Further tax equity is gradually set to be replaced by project finance debt as the PTC phases down in value. In such an environment, does increased policy certainty mean private equity will become a more significant player in wind? Leading private equity investors gather to discuss their perspectives of the value of wind as an investible asset.

Session Chair: James Murphy, Executive Vice President, CFO, COO, Invenergy LLC 

James Berner, Managing Director, First Reserve
Parag Patel, Director, Prudential Capital Group
Himanshu Saxena, Senior Managing Director & Co-Head, Starwood Energy Group

9:15 AM  - 10:00 AM

Wind Industry CEOs

Sponsored by Vestas

Join leading senior executives from across the wind energy industry as they share their top priorities, concerns, and perspectives. This blend of manufacturers and developers will explore critical issues facing the industry and provide their outlook on the industry’s future evolution.

Session Chair: Kevin Walsh, Managing Director, Power & Renewable Energy, GE Energy Financial Services

Gabriel Alonso, Chief Executive Officer, EDP Renewables North America LLC
Chris Brown, President, Vestas Americas
Glen Davis, President and CEO, Americas, Renewable Energy Systems

10:00 AM  - 10:30 AM

Networking Break with Exhibits

Sponsored by Vaisala

10:30 AM  - 11:15 AM

Interplay between Resource Assessment, Turbine Supply and Offtake Agreements

The success of a project financing requires holistic precision from site selection and resource assessment on down to choosing the right turbine and securing a purchaser for the power.  The outcomes of those financings depend on the long term performance of the underlying assets.  Experts across the development cycle gather to discuss the key intersection of these project elements in order to optimize project financings and returns.

Session Chair: Clint Johnson, Senior Vice President, DNV GL

Kenneth Braun, Senior Manager, Wind & Site, Technology & Service Solutions (TSS), Vestas - American Wind Technology, Inc. 
Michael Brower, President / Chief Technical Officer, AWS Truepower LLC
Helmut Herold, CEO, Senvion North America

11:15 AM  - 12:00 PM

Financial Software and Renewables

The “fintech” revolution is disrupting industries across the market. Learn how financial software innovations are helping investors reduce friction costs, improve decision-making, and speed up transaction through-put. Panelist from a mix of financial technology platforms will discuss their technology’s application in the wind space and the broader evolution and impact of “fintech” in the power sector.

Session Chair: Bruce Usher, Professor, Columbia Business School / former CEO of Eco Securities 

Benji Cohen, CEO, T-REX Group, Inc.
Lawrence Orsini, Founder and Principal, LO3 Energy
Justin Segall, Simple Energy
Felix Zhang, Executive Director, Envision Energy Limited

12:00 PM  - 1:30 PM

Networking Lunch

Location: New York Atrium -9th Floor 

1:30 PM  - 2:15 PM

Public Markets for Wind

Are wind IPO’s over, or just taking a break? How will the YieldCo market evolve? What will be the impact of Green Bonds or Corporate bond issuance on the wind market? Panelist with experience leveraging public market for wind will discuss strategies for success in the near, medium, and long term.

Session Chair: Susan Nickey, Managing Director, Hannon Armstrong

Neil Davids, Executive Director, J.P. Morgan 
Julien Dumoulin-Smith
, Executive Director, Electric Utilities and IPPs Group, UBS Investment Research
Nicholas Knapp, Managing Director, CohnReznick Capital Markets Securities, LLC
Steve Lockard, President & CEO, TPI Composites, Inc.
Uday Varadarajan, Principal, Energy Finance at Climate Policy Initiative (CPI)

2:15 PM  - 3:00 PM

Transmission/Infrastructure Investment 

Transmission is critical to connect customers in new markets, overcome grid congestion, and mitigate curtailment. As the wind industry continues to grow, new transmission infrastructure will be necessary for developers to continue accessing wind resources and minimizing risk in off-take agreements. Learn where new transmission is coming directly from those firms building new lines and discuss opportunities to invest in these and other transmission assets.

Session Chair: Rob Gramlich, Senior Vice President, Government & Public Affairs, AWEA

Hunter Armistead, Executive Vice President, Business Development, Pattern Energy Group LP
Dave Berry, CFO, Clean Line Energy Partners
Tom Wrenbeck, Director, Grid Development, ITC Holdings Corp

3:00 PM  - 3:30 PM

Networking Break with Exhibits

Sponsored by Vaisala

3:30 PM  - 4:15 PM

Developments in the Debt Markets

Leading lenders discuss debts markets. As the industry looks forward to a period of reduced PTC value, sponsors will increasing rely on debt to finance projects. This panel brings together a group of leading capital providers to share their experience and examine major trends.

Session Chair: Bernardo Goarmon, CFO, EDP Renewables North America LLC

Jeff Chester, Partner, Lead of Renewables, Morrison & Foerster
Nuno Dias Andrade, Head of Project & Acquisition Finance, Santander Global Corporate Banking
Tony Muoser, Managing Director, Rabobank Group
Andrew Redinger, Managing Director, Group Head, KeyBanc Utility, Power & Renewable Energy

4:15 PM  - 5:00 PM

Corporate PPAs: Allocating Risk for the Long-Term Health of the Market

The corporate buyer off-site market has more than doubled each of the last few years, to the point that new corporate PPAs exceeded that for utilities in 2015. This panel will explore what corporate buyers, project developers, investors, and service providers can do to ensure that parties understand and can manage the risks and sign the right deals that work for all and support the long-term health of the market.

Session Chair: Hervé Touati, Managing Director,  Rocky Mountain Institute (RMI)

Roxana Popovici, Managing Director, Structured Products – Commodities, Citigroup Energy Inc.
Jacob Susman, Vice President of Origination, EDF Renewable Energy
Joel Spenadel, Executive Director, Energy Investments, J.P. Morgan

5:00 PM – 5:30 PM

Closing Cocktail

Sponsored by Common Ground Capital

*Program and times are subject to change.  Speakers and sessions details TBA.*