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About this Virtual Instructor Led Training (VILT)
According to the IEA “More than 70% of the $2 trillion required each year in energy supply investment either comes from state-directed entities or receives a full or partial revenue guarantee.” This revenue guarantee is typically offered as a Power Purchase Agreement either from a grid operator or recently from a Corporate buyer and therefore a crucial element in a project finance environment for IPPs. Bankability of PPAs is especially challenging as most electricity demand growth takes place in emerging countries with offtaker’s creditworthiness at least questionable.
Therefore the bankability of PPAs is not only driven by complex contractual clauses within the commercial agreement but by the power sector and country context embedding the foreign invested IPP. More often than not, the project set up requires additional credit enhancements instruments backing the PPA to reach financial close.
- Understand the link and importance of the PPA within the project set-up
- Learn how to analyse a PPA hands-on
- Understand the key provisions of a PPA and its impact on project financing
- Anticipate and mitigate risks through the PPA process
- Learn how to identify red flags within the PPA both from seller and byers side
- Apply your learnings from day one at work
- Officials of governments and regulatory bodies
- National utilities and grid operators
- Development finance institutions and commercial banks
- Lawyers, Contract managers, Business developers
- Project developers and equity investors
- IPPs, Oil and Gas companies
- EPC contractors and O&M service providers
The VILT will be delivered online in 5 half-day sessions comprising 4 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.