"Local impact, global leadership"

Sessions

Navigating in a merchant world

Financing onshore and offshore wind energy

When: Wednesday, 29 November 2017, 14:15 - 15:30
Where: G103

Session description

Wind energy has undergone a transformation, going from alternative to mainstream and from a mainly European to a global industry. Costs have come down significantly, both onshore and offshore. Wind is entering a new world, with the EU defining its regulatory framework to 2030, and governments switching from direct support mechanisms to auctions. The transition to a more merchant environment has significant implications for investors. This session will look at the changing risk profiles of wind investors and their readiness to accommodate merchant risk projects in their portfolios. It will also discuss what it means for finance structures and the cost of capital, and what tools could help offset long term price risk.

Learning objectives

  1. Evaluating the changing risk profiles of investors in wind energy
  2. Examine the readiness of these investors to accommodate merchant risk projects in their portfolios
  3. Identify the implications in the financial structures and cost of capital
  4. Identify risk mitigation tools for the long term price risk

Session chair

Bill Rogers
Managing Director, Green Investment Group

Introduction

Introductory presentation

David Hostert
Head of Wind Research, Bloomberg New Energy Finance

Panel discussion

Dana Younger
Chief Renewable Energy Specialist, International Finance Corporation

Till Schwarzlose
Director Partnering, E.ON Climate and Renewables

Giovanni d'Andria
Vice President , BlackRock Real Assets | Infrastructure

Luisina Berberian
Associate Director, S&P Global Ratings

Graham Weale
Honorary Professor of Energy Economics and Politics, Ruhr Uni Bochum


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