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About this Virtual Instructor Led Training (VILT)
The global power markets are rapidly evolving and transitioning towards ever-increasing quantities of clean energy – power purchase agreements allow both IPP power producers and buyers to obtain long-term security to sell and buy renewable energy. For both generators and buyers of renewable energy power purchase agreements need to address their individual circumstances and risks.
This highly specific course aims to introduce the legal, financial and technical structure and hidden pitfalls of PPAs as a means for Sellers and Buyers to minimise their exposure to volatility of price and volume. The structure of physical and financial PPAs will be thoroughly dissected and put into context of the overall risk assessment of the project transaction. We will compare both types of PPAs, their different tariff structure based on either costs or market price and the implication for the seller and buyer.
Delegates will be engaged to discuss recent case studies from around the world, embark on group exercises of risk allocation and will revising real world PPAs clauses in order to dig out the gist of this mission critical project agreement.
- Leave the course with a comprehensive understanding of the components of PPAs
- Put PPAs in the context of the wider contractual framework
- Learn the best practice when working with PPAs
- A step-by-step guide of the basic types and key features of corporate PPAs
- Analysis case studies and best practice
- Put everything you learn into practice the very next day
- Discover what it takes to make a power purchase agreement “bankable” – i.e. what
provisions must a PPA have in order for lenders to provide debt to the project?
- Corporate procurement and Contract managers
- Project developers and Sponsors
- OEM manufacturers, EPC contractors and O&M service providers
- IPPs, Utilities and Grid operators
- Private Equity & Institutional Investors
- Development finance institutions and Commercial lenders
- Legal, Technical and Insurance Advisors
- Government officials and Regulators
- Oil & Gas upstream companies
- Petrochemical and Process industry companies
- Business developers and Sales Managers
The VILT will be delivered online in 3 half-day sessions comprising 3 hours per day, including time for lectures, discussion, quizzes and short classroom exercises. Additionally, some self-study will be requested.
Participants are invited but not obliged to bring a short presentation (10 mins max) on a practical problem they encountered in their work. This will then be explained and discussed during the VILT. A short test or quiz will be held at the end the course.
Our key expert is an independent financial advisor with some 20 years’ experience in the power & renewable sector.
Since six years, he has successfully delivered energy finance training to hundreds of executives from more than 80 countries in some 100 seminars in across the world. Additionally he serves as a lecturer in the IESE Business School and the Renewable Energy Finance Studies Program of the Frankfurt School of Finance and Management.
Delegates come from leading financial institutions, industrial corporations and governments such as e.g. IFC, FMO, GIZ, IFU, Obviam, KfW, HBOR, European Investment Bank, UNDP, Asian Development Bank, African Development Bank, African Finance Corporation, JBIC, Industrial Development Corporation, Banco Santander, Enel, E.ON, Vattenfall, Endesa, Eskom, Total, Sumitomo, Gamesa, Siemens, Akka Enerji, Akzo Nobel, BP, Shell, Abengoa, Energomontaza, Mitsubishi, SgurrEnergy, PwC, Investec, RES, Globeleq, Aldwych, The Crown Estate, Coca-Cola,
Procter&Gamble, Pacific Gas & Electric, Omrom, OFGEM, Munich Re, AES, Alstom, Schneider Electric, Aveng Group, Air Liquide, NEPRA, Saudi Aramco, King Saud University, Swicorp, Qatar Petroleum, K.A. CARE.
Some of the topics delivered include Independent Power Projects, Project Finance, Power Purchase Agreements Renewable Technologies & Economics, Financial Analysis & Structuring, Risk Mitigation, Loan Term Sheets Elements, Government Tenders and Policy Incentives, Electricity Market Structures & Liberalization, ElectricityPricing, Project Transactions & Valuations, Innovative Renewable Business Models. Due to his versatile experience
and personality, he has the ability to quickly relate to and leverage different cultural and professional backgrounds of delegates.
His objective is not only to train passionately on fascinating energy finance topics, but to deliver a seminar experience, where delegates weave together as a group of persons and exchange not merely business cards, but ideas to spur business beyond. He started out his career in a leading North European Strategy Consultancy, where he made substantial contributions to build the energy practice within the firm. He developed and implemented innovative distributions concepts for utility clients to face the competitive challenges of the newly liberalized German electricity market.
In 2002, anticipating the tectonic shifts to arrive in the energy sector by renewables, he decided to set-up his own advisory boutique to serve exclusively the renewable energy sector. In the following years, he supported world leading Utilities, IPPs and Private Equity Investors, such as Iberdrola, AES, RWE, OMV, Englefield Capital and Hudson Clean Energy Partners to thoroughly assess international market opportunities and successfully assemble project portfolios across mature and emerging European renewable markets. Based on this work his clients were able
to realize their investment strategy via the acquisition of local partners, greenfield and operating wind, solar, biomass, geothermal or hydro projects with pipelines of many thousands MW capacity.
He also became a recommended speaker at leading international energy conferences on topics of market attractiveness and investment drivers for renewables. He formed part of the Working Group ‘Financing the Energy Turnaround’ in Frankfurt and was one of the first members of the European Technology Platform for Wind Energy, as well as of EWEA, ACORE, LAWEA, EUBIA, ESHA and EGEC.
Since ten years, he focuses on the particular challenges of power projects in emerging markets, such as Bulgaria, Turkey, Egypt, Georgia, New Zealand, Taiwan, South Korea, Mexico, South Africa or Pakistan. He flags risks to international investors coming from regulatory environment, grid connection and competitors. Developers are supported to raise equity, mitigates risks via the creation of international project consortia and achieve project finance bankability with domestic and international lenders.
He holds an MSc in Industrial Engineering and Management from the Technical University of Berlin and is a qualified RYA Yachtmaster Ocean Instructor. He is trilingual in English, Spanish and German and conversational in French.