Day 1 - Wednesday, 25 February 2009
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08:50 |
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Welcome and opening remarks
Vered Tsedaka, Conference Manager, Euromoney Energy Events |
09:00-10:30 SESSION 1: OPENING POLICY KEYNOTES
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Chair |
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Dr. Marianne Moscoso-Osterkorn, International Director, The Renewable Energy and Energy Efficiency Partnership (REEEP)
The support national and pan-European policy measures provide for renewable energy is one of the key factors in solidifying the investment potential of the sector.
This session will debate key policies to enable the development of renewables in the region from both the EU viewpoint and the perspective of member states.
Key topics:
• The way forward – Meeting the EU renewable energy targets for EU-12 countries
• Country perspective on the implementation of the European directives for renewable energy and carbon targets – Is it reasonable to benchmark different EU energy markets based on the same criteria?
• Realisation of investment potential – What is holding investors back from investing in the region? What are the drivers attracting investment?
Speakers:
Hans van Steen, Head of Unit, Unit D1 - Regulatory Policy & Promotion of Renewable Energy, Directorate General for Energy and Transport (DG TREN), European Commission (tbc)
Vladimir Vlk, Director of the Department of Sustainable Energy and Transport, Ministry of Environment of the Czech Republic
Günter Pauritsch, Division Leader, Austrian Energy Agency
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10:30 |
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Networking refreshment break
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11:15-12:15 SESSION 2: THE VIEW OF UTILITIES
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Chair |
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Daniel Berkove, Director, Business Development – CEE, Eurasia and Africa, New Energy Finance
The session will feature the investment perspective of the utilities and power producers, presenting the energy industry’s outlook on the role renewables will play in evolving the Eastern European energy mix.
Short presentations by each panel member will focus on how each company views expansion of the Eastern European markets.
Topics the speakers will comment on:
• How does the company view developing renewable energy projects as part of the overall regional strategy?
• The company outlook on the development of the clean energy sector in the region over the next 5 years
• What key aspects of the regional energy market development will impact the development of renewable energy capacity?
Speakers:
Sven Utermöhlen, Regional Director and CEO, E.ON Climate & Renewables Central Europe GmbH
Martin Cmiral, Manager of Environmental Investments, CEZ Group
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13:45-15:15 SESSION 3: KEYNOTE RENEWABLE ENERGY FINANCE SESSION
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Chair |
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Vivek Mittal, Founder and Managing Director, Millennium Resource Strategies
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13:45 |
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This session will look more closely at the financial landscape for renewable energy development in Eastern European markets, featuring a range of investment viewpoints.
By identifying where different investors perceive the key challenges it will highlight what developments are required to attract investment flows to the different countries in the region.
Key topics:
• A broader energy-economic perspective: Economic growth in the region, power demand and supply
• The tariff structure and incentive landscape for renewable energy in the regions’ key markets
• Development risks across the region – is it worthwhile? What is the realistic potential for renewable investment?
• Raising debt and equity finance for renewable energy projects in the region – who is seeking an active role?
Speakers:
Rudolf Plasil, Managing Director, Raiffeisen Energy and Environment GmbH
Shane Woodroffe, Partner, EnerCap
Grzegorz Zielinski, Senior Banker, Energy Efficiency and Climate Change, European Bank for Reconstruction and Development (EBRD)
Ian Learmonth, Head of Renewable Energy, Macquarie Europe
Diana Jensen, Senior Manager, Renewable Energy Finance, Overseas Private Investment Corporation
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15:45-17:15 SESSION 4: INVESTMENT IN THE ENERGY EFFICIENCY SECTOR
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Chair |
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Peter Hobson, Senior Banker, Energy Efficiency and Climate Change, European Bank for Reconstruction and Development (EBRD)
Facing legacy challenges in the industrial and built environment sectors, countries in the region offer vast opportunities for implementation of energy efficiency projects, with a special focus on energy efficiency in the built environment.
The session will address the key questions surrounding the financial viability of such projects, and the business models that can be utilised.
Capturing the European energy productivity opportunity
• The potential for investments in boosting energy productivity in Eastern Europe
• The energy efficiency driven categories of investment opportunities in the region
• A case study for capturing value in the market
Anja Hartmann, Principal, McKinsey & Co
Commercial development of energy efficiency projects in the Czech Republic
Jaroslav Marousek, Chairman of the Board of Directors, SEVEn, the Energy Efficiency Center
Energy efficiency projects in the built environment sector – Are the prevailing subsidies holding back investment?
• Successful financial mechanisms developed - Experience in Hungary and Poland
• Current subsidy schemes available in key markets and their impact on development potential
Cliff Aron, Principal, GreenMax Capital Advisors
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Day 2 - Thursday, 26 February 2009
09:00-10:30 SESSION 5: THE SCOPE FOR RENEWABLES IN THE REGION
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Chair |
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Kim Keats-Martínez, Associate Director, International. Infrastructure Analysis, IPA Energy + Water Consulting
As a result of the fragmentation in the CEE energy markets countries in the region differ in policies promoting renewable energy development, and in infrastructure development plans and requirements.
This session will present a review of the renewable energy investment potential available in the region’s markets, in light of the regulatory landscape and available resources.
The Regulatory frameworks and investment potential in renewable energy generation across the region
• Available natural resources and the financial viability that stems from existing regulatory frameworks
• Analysis of the region's potential developments across key sectors - Wind, bioenergy and solar
Krisztian Orban, Managing Director, Oriens Investment Management
Renewable energy project development in the Baltics
• Review of the renewable subsidy schemes in Estonia and Lithuania.
• Financing renwable projects: a focus on wind and biogas technologies
• Raising debt finance amidst tougher credit climate
Kalle Kiigske, Member of the board, 4 Energia
Is the window of opportunity closing on carbon investments in the CEE?
• Carbon reductions in the region: potential, challenges in implementation
• The Green Investment Scheme instrument - review of scheme frameworks and implementation across the region
• Credit rating for JI assets
Sam Fankhauser, Managing Director, Strategic Advice, IDEAcarbon
Financing Renewable Energy Projects in the CEE – A Lender’s perspective on the challenges, pitfalls and opportunities
• Compare and Contrast of Risk Frameworks between established renewables markets and emerging CEE markets.
• Lender Risk Matrix – What are lenders looking for?
• Practical experience and working example: AES Geo Power OOD St. Nikola Wind Farm Financing
• What will it take to raise financing in CEE in the current market environment
Eriks Atvars, Director, Power and Environment Project Finance, UniCredit Markets & Investment Banking |
10:30-11:30 POWER NETWORKING REFRESHMENT BREAK
In this special networking break a roving microphone will circulate between conference delegates, giving them the opportunity to briefly introduce themselves to fellow conference participants. |
11:30-12:30 SESSION 6: FOCUS ON TRANSMISSIN, DISTRIBUTION AND GRID DEVELOPMENT
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Chair |
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Kim Keats-Martínez, Associate Director, International. Infrastructure Analysis, IPA Energy + Water Consulting
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11:30 |
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Grid and infrastructure development remains a key factor in determining the financial viability of renewable energy projects. Developing adequate grid capacity is crucial to meeting the EU renewable targets, and strengthening cross-border infrastructure is equally important as the region’s countries identify their power import and export needs.
The session will explore the challenge in building capacity into the regional grids and discuss how developers should incorporate transmission and distribution risks when venturing into the market.
Adapting the regulatory framework to accommodate for increased on-grid renewable energy capacity
• The potential risks concerning changes in the regulatory framework
• Austria’s experience and the lessons learned
Johannes Mayer, Director, Regulation and Competition, E-Control
Connection of wind parks to the public grid – The Romanian experience
• Procedure for reservation of capacity
• Sharing grid connection costs
• Interconnection possibilities
• Overcoming the setbacks related to wind power connectivity
Cosmin Stavaru, Senior Associate, Bulboaca & Asociatii SCA
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SESSION 7 AND 8: PROJECT DEVELOPMENT EXPERIENCE
The following sessions will present project development case studies for renewable energy developments across key technologies, offering further insights on how country specific challenges were handled by project developers working with a variety of renewable energy technologies. |
13:45-15:15 SESSION 7: PROJECT DEVELOPMENT FOCUS I
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13:45 |
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The session will look at the experience of wind project developers in different countries in the region. Each case study will present project expertise as well as addressing a key challenge faced in local development.
Chair and Opening remarks:
Financing renewable energy projects in a post credit crunch environment
Simon Luby, Due Diligence Team Leader, SgurrEnergy
A case study – Developing wind projects in Hungary
• Practical experience in developing in Hungary
• Venturing into fresh markets in Eastern Europe – Assessing market entry to Romania and Hungary
Martin Billhardt, Chief Executive Officer, Plambeck Neue Energien AG
A case study - project Horni Lodenice in the Czech Republic
• The dual approach of the Czech republic to wind development – Challenges in planning a wind farm
Alexander Szotkowski, Managing Director, Project Development, Ventureal S.r.o
A case study – Developing wind projects in Poland
• Practical experience in developing in Poland, and an outlook on emerging wind markets in the region
• A focus on securing PPAs, STEFAN Ebeling, Head of Poland Department, WKN Windkraft Nord AG |
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15:15 |
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Networking refreshment break
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15:45-17:00 SESSION 8: PROJECT DEVELOPMENT FOCUS II
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Chair |
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Nikolaus Schultze, Project Finance Director, First Climate
This session will look at Bioenergy project development expertise. It will review projects taking place and will address the questions arising with respect to bioenergy investments: choice of technology; achieving sufficient scale and securing feedstock for regular operation.
A case study - Developing a CHP bioenergy project in Poland
• Key considerations in a development: Choice of technology
• Assessment of the opportunity available in a region
Karl Gruber, Senior Manager, Technology, Cycleenergy Biopower
A series of case studies – Bioenergy project development in Russia
• A review of waste-to-energy projects in the St. Petersburg area
• An outlook on the future of potential development
Hans Weckman, Service Area Director, Energy and Climate, Ramboll Group A/S
The potential in smaller scale projects in the Czech Republic
• The disparity between available biomass projects in the Czech Republic and investor profiling
• Evaluating smaller-scale projects
Michaela Remrova, Managing Director, BTG Central Europe s.r.o.
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