4-5 October 2022
The New Yorker, 481 Eighth Ave., New York, 10001

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Days
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Hours
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Minutes
#SSFUSA

Agenda

08:00
  -  
09:00
Networking
09:00
  -  
09:05
Presentation

Speakers

Chief Development Officer,
Trianon Power
09:05
  -  
09:25
Presentation

A multi-gigawatt renewables tender is on the cards for New York State with the announcement that NYSERDA is planning a minimum of 2GW of large-scale energy storage, solar and wind. Eligible projects will see 20-year subsidy contracts from the state. This pushes the state closer to its goal of 70% of power from carbon-free sources by 2030 and will see almost $3bn in fresh investment.

Speakers

President and CEO,
New York State Energy Research and Development Authority (NYSERDA)
09:25
  -  
10:05
Panel Discussion
  • In an inflationary environment, how are investors and lenders viewing the industry?
  • How are investors and lenders keeping up with evolving technologies?
  • If aspects of projects need to be renegotiated (e.g. supply agreements or PPAs) what impact is this having on the cost of capital and investor appetite?
  • How is the tax equity landscape changing?
  • Which emerging opportunities are investors ready to back in the USA and why?
  • Is it time to move beyond the project-by-project approach to project finance?
  • What to make of the Inflation Reduction Act?

Speakers

Senior Vice President, Finance & Capital Markets,
Invenergy
Head of Renewables and Energy Transition North America,
Investec
Director,
BlackRock Alternative Investors
Partner,
Energy Infrastructure Partners
Partner,
Global Infrastructure Partners
10:05
  -  
10:50
Panel Discussion
  • How has the Inflation Reduction Act been received by investors?
  • How quickly will we see the impact of the IRA?
  • At what point will imports and markets return to normal deal flows?
  • What further policy is required to meet net zero targets? How to build domestic supply chains for renewable energy?
  • What tax credits, if any, will make it through the senate? How might the direct pay option change the market?
  • What will renewable energy policy for 2023 look like post midterm elections?

Speakers

Partner,
McDermott Will & Emery
Chief Financial Officer,
Soltage
Senior Advisor,
US Dept. of Energy's Loan Programs Office
Director, Energy & Market Operations,
Austin Energy
10:50
  -  
11:10
Presentation
  • The impact of decentralized energy resources and ESG on global specialty insurance markets
  • The dramatically increasing demand for advocacy as opposed to agency models of insurance risk capital distribution
  • Identifying actionable changes in project development, project finance and due diligence processes which leaders have already implemented and laggards need to consider to be successful

Speakers

US Power & Renewables Industry Leader,
Marsh
11:10
  -  
11:40
Networking

The event will split into three streams and, in addition to the content represented on this site, attendees will also be able to attend the collocated Wind Finance & Investment Summit.

11:40
  -  
12:40
Panel Discussion
  • How have increasing CAPEX, interest rates and inflation affected the market?
  • In a constrained market, have built assets become more attractive to investors than new build?
  • How solid are valuations?
  • Are buyers ready to assess collocated solar and storage projects?
  • How are investors looking at assets vs. portfolios or platforms?

Speakers

Managing Director,
Nomura Greentech
General Counsel & Chief Investment Officer,
CleanCapital
Managing Partner,
Captona
CEO ,
LandGate
Executive Director, M&A,
Nautilus Solar Energy, LLC
Managing Director,
Green Investment Group/Macquarie
11:40
  -  
12:00
Presentation

As the Director of Portfolio Analytics at Ascend Analytics, Mr. Sahay regularly interfaces between project financing, project sponsors, and offtake.  In this session, Mr. Sahay will describe current and emerging financial structures that are employed by equity and debt providers for hybrid and standalone storage financings. Mr. Sahay will provide overviews of typical financing “quilts” inclusive of 7x16 block structures, insurance-secured asset finance products, forward retail hedges, and the respective revenue components securitizing debt inclusive of Energy, RECs, and Resource Adequacy.

Speakers

Director of Portfolio Analytics, BatterySIMM,
Ascend Analytics
12:00
  -  
12:20
Presentation
  • Benefits and drawbacks of a stand alone tax credit
  • How else might storage be supported by government/federal policy?
  • Can storage realistically flatten the duck curve
  • How might an alternative to tax credits look like in order to get the most from storage assets

Speakers

Director, Energy Markets,
Avantus
12:40
  -  
13:00
Presentation
  • The importance of having a quality assurance mindset after PV modules leave the factory
  • The risks PV microcracks pose to future warranty and insurance claims
  • Techniques to identify and mitigate sources of microcracks

Speakers

Senior Manager, Engineering Services,
Clean Energy Associates
12:20
  -  
13:00
Panel Discussion
  • What real estate and land use needs to be redeveloped and redesigned?
  • How can we work together to ensure the highest fire safety standards?
  • How are financiers looking at this area of the market?
  • Where along the value chain does your business sit?

Speakers

Development Director, Solar and Energy Storage ,
Convergent Energy + Power
Manager, California Regulatory Affairs ,
California ISO (CAISO)
SVP, Transmission & Markets,
REV Renewables
Senior Vice President of Storage Development,
Soltage LLC
12:45
  -  
14:00
Networking
14:00
  -  
15:00
Panel Discussion
  • What tactics are developers using to ensure supply?
  • Are ESG requirements having an impact on projects?
  • How much domestic supply needs to be built to secure a US supply chain?
  • Will production in other regions such as South America expand?
  • How to achieve more sustainable supply with solar projects?

Speakers

Senior Vice President, Renewables Energy,
Seminole Finance Services LLC
Senior Associate, M&A,
EDP Renewables
Senior Manager of Supply Chain Management,
Clean Energy Associates
Managing Director,
Silicon Valley Bank
Senior Vice President Energy and Infrastructure Investing,
Pacolet Milliken
Partner,
Energy Impact Partners.
14:00
  -  
14:30
Presentation

Overview with current battery storage procurement, pricing, and commercial trends.

Speakers

CEO,
Fractal Energy Storage Consultants

 

14:30
  -  
14:50
Presentation
  • Why storage cannot reach its highest and best use as a supporting asset
  • The importance of forward-thinking siting
  • How intelligent optimization can make or break profitability
  • How to incorporate merchant exposure into your asset portfolio

Speakers

Founding Partner ,
Caerus Commodities
14:50
  -  
15:10
Presentation
  • What does the financier look for when investing?
  • Meeting regulatory requirements of capacity
  • What are the economics of load supply and development costs vs sharing facilities
  • Using current investment tax credits to your advantage

Speakers

Managing Director,
Javelin Capital
15:00
  -  
15:20
Presentation
  • Short term and long-term issues
  • Systemic issues - reliance on China and a concentrated supply chain
  • Which are the areas where the US could be more competitive?

Speakers

Senior Financial Analyst,
National Renewable Energy Laboratory
15:20
  -  
15:50
Networking
15:10
  -  
15:30
Presentation

Overview with current battery storage procurement, pricing, commercial trends.

Speakers

CEO,
Fractal EMS
15:50
  -  
16:10
Presentation

Do consensus expectations for U.S. solar capacity growth match what's actually happening on the ground? Are new construction starts in utility solar accelerating or decelerating? Predictive data constructed from thousands of real-time images of large U.S. solar projects sometimes tells a different story than the mainstream narrative. Recent observations include:

  • Dirtwork Much Better Than Feared.  New activity has been much stronger than generally thought among the industry.
  • Panel Installations Still Dragging...  Tracking actual panel deliveries, Lium satellite data is consistent with anecdotes and panel import suggesting lower installation activity.
  • ...But Construction Booming.  Projects under construction are up 25% from a year ago and have inflected higher recently with a surge of new construction starts and panel delays setting up big growth into 2023.

Speakers

Partner,
Lium Research
15:30
  -  
16:00
Networking
16:10
  -  
16:30
Presentation
  • Outlining the critical decision for IPPs and project developers
  • How the modules you choose can have a significant impact on your project's CapEx, revenue, debt load and lifetime NPV
  • Avoiding wrong decisions on module choices and costly mistakes
  • Why a pricing focused approach is not enough
  • Using a holistic procurement process to make selections that maximize project NPVs

Speakers

CEO,
Barrego
16:00
  -  
17:00
Panel Discussion
  • Modeling the impact of changing CAPEX
  • How long-term are power price fluctuations?
  • Should extra time be banked into projects to allow for supply challenges and increased equipment costs?
  • With the above in mind, how can you make storage pencil out and which use-cases are most attractive?

Speakers

Senior Director,
John Hancock Infrastructure
VP of Development,
Fractal EMS
Partner & Senior Managing Director, New York,
CohnReznick Capital
Founding Partner ,
Caerus Commodities
Managing Director, Trading,
Spearmint Energy
16:30
  -  
17:00
Panel Discussion

How is the community energy sector changing? How is the proposition evolving and what impact is that having on contracts? Are community energy players moving more towards merchant models? This session will uncover answers to all of those questions and look at the prospects for storage as well as the impact of on local communities.

Speakers

Director of Community Engagement,
Nexamp
CFO,
SunLight General Capital
VP of Development,
Valta Energy
Partner,
38 Degrees North

 

17:00
  -  
17:40
Keynote Panel With Drinks

As we see a shift in renewable power revenue models, there has been an emergence of novel approaches expanding access to new players. We have seen investor appetite grow with institutional investors much more willing to back projects at an early stage now than previously. We’ve also seen M&A activity as investors targeted a range of company types, sometimes avoiding assets exposed to power price risk. What’s next? To sustainably scale in this industry, revenue models must evolve to both account for growing demand and to future-proof against dynamic variables including fuel pricing, supply chain challenges, policy changes and local resistance. Hear from a panel of experts from across the spectrum who will challenge the audience to think about how to evolve their business models to build in more resiliency and show why business as usual won’t get the industry to the next stage.

Speakers

Chief Development Officer,
Silicon Ranch
CFO & EVP Structured Finance ,
BayWa r.e Solar Projects LLC
Partner & Co-Head of Sustainable Infrastructure,
Denham Capital
Partner,
Norton Rose Fulbright US LLP
17:40
  -  
19:10
Presentation

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