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.
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.
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.
Overview with current battery storage procurement, pricing, and commercial trends.
Overview with current battery storage procurement, pricing, commercial trends.
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:
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.
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.
Unlike other solar conferences, proceeds from the event help to fund high quality journalism across our media titles.
This supports the growth of the solar and storage industries as well as the transition to a cleaner power system.
