Course dates
By attending Euromoney Legal Training’s newly designed Renewable Energy Project Agreements course, you will understand the important legal issues and other critical aspects involved when structuring and documenting a typical RE Project.
Through interactive exercises and real examples, you will:
- Identify the main types of project risk
- Understand how they can be contractually allocated to the various parties associated with a project financing
- Gain an understanding of how the different types of contracts interrelate
- Receive insights on how best to negotiate with your counterparties
- Discover the hidden deal-breakers that project lenders and developers look out for, which often result in unsuccessful projects which fail to obtain finance.
With project finance increasingly seen as an attractive method of financing by the RE project sponsors, this is a must-attend course for anyone involved with the complex project agreements in the renewable energy sector.
Day 1
Introduction to project finance and renewable energy
- The essential components of project finance
- The renewable energy sector: technologies, facts and figures
The various parties and their roles in a renewable energy project financing
- Developers, equity investors, independent engineers, EPC contractors, commercial lenders, off-take purchasers/marketers, government
- Where do they enter the deal flow?
- What risks do they typically take on?
Identification of the main types of project risk and their occurrence in renewable energy
- Market access risk, technical risk, construction risk, completion risk, performance risk, operations risk, feedstock price risk, feedstock availability risk, regulatory risk/change in law
- How to successfully allocate the risks to the parties associated with the project
Specific risks and mitigation within the renewable energy sector
- Availability of renewable sources
- Government support regimes: feed-in tariff versus certificate system
- Market price risk and risk tranching
Day 2
Role of credit ratings in project financed transactions
Key structures and negotiation techniques of project finance
- How best to structure the key project contracts to allocate risks and define cash flows
- Engineering, procurement and construction (EPC) contract
- Equipment supply agreements
- PPA/offtake,
- Loan agreements
- Purchase/sale of a project
Typical documents to support your project finance architecture
- Power purchase agreement, energy performance contract, gas off-take agreement, construction contract, warranties, O&M agreement, interconnection agreement, leases and easement, loan agreement, guarantees and other financing documents, regulatory and environmental documentation and approvals, incentive agreements
Financing – minimum requirements of senior lenders cash flow analysis, cash flow models, standard terms, term sheet
Impact of regulation upon the contract documents
Recent trends and major issues in the negotiation of:
- Turbine supply agreements
- Turbine warranty agreements
- Balance of plant agreements
- Power sales arrangements (including power swaps).
Hotel in Central London, London, United Kingdom
Venue and Accommodation Information
All Euromoney Legal Training events are held at four or five star venues in Central London, Zone 1. We strive to provide you with a training environment of the highest quality, to ensure that the whole learning experience exceeds you expectations.
We have selected several venues across Central London, that we are confident meet our strict criteria for quality, service and professionalism. Each venue also offers accommodation for Euromoney Delegates at discounted professional rates.
Your training venue will be confirmed by one of our course administrators approximately 3-4 weeks before the course start date. Euromoney Legal Training can however recommend the following venues:
The Regency Hotel, Kensington
Found in London’s beautiful west-end, The Regency Hotel offers superb conference facilities and 4-star accommodation. The hotel is conveniently located for all major transport links, such as London’s Heathrow, Gatwick and Stanstead airports, all major London train stations, and is a short walk from the nearest tube station (South Kensington, Piccadilly Line).
For more information visit www.londonregency.com or call +44 (0) 207 373 7878
Millennium Knightsbridge
The four-star deluxe Millennium Hotel London Knightsbridge is situated in the heart of one of the best shopping areas of London. Of all the hotels in Knightsbridge, this Millennium Hotel is amongst one of the most contemporary and stylish Knightsbridge hotels in the area. This Knightsbridge hotel has excellent transport links - only a short walk from Knightsbridge underground station on the Piccadilly line and just 40 minutes from London Heathrow Airport via the underground.
For more information visit www.millenniumhotels.co.uk/millenniumknightsbridge or call +44 (0)20 7235 4377
Crowne Plaza, Kensington
The stylish Crowne Plaza London-Kensington hotel is a short walk from Victorian shopping, royal parks and London's epic museums. All the training rooms are fed with natural daylight with lunch or coffee breaks taking place on their attractive garden terrace.
For more information visit http://www.ichotelsgroup.com/crowneplaza/hotels/us/en/london/lonke/hoteldetail or call +44 (0)20 7373 2222
London Marriott Hotel, Kensington
Located close to Central London in the heart of Kensington, the London Marriott Kensington is perfectly situated for the best shopping and tourist attractions.
For more information visit http://www.marriott.co.uk/hotels/travel/lonlm-london-marriott-hotel-kensington
The Rembrandt, Knightsbridge
The Rembrandt is a spectacular hotel with the timeless ornate architecture and traditional qualities of an Edwardian building. Located in the exclusive area of Knightsbridge, the hotel was originally built as apartments for Harrods, as such all rooms have an individual shape, giving them each their own special feel. Each of the training rooms have natural daylight and a private lobby area.
For more information visit http://www.sarova.com/rembrandt or call +44 (0)20 7589 8100
Radisson Edwardian, Central London
The Radisson Edwardian offers a wide range of venues and accommodation across Central London, including such famous London areas as Covent Garden, Leicester Square and Mayfair. Each location offers 4-star accommodation and training facilities.
For more information visit www.radissonedwardian.com or call +44 (0)800 37 44 11
Euromoney Legal Training has also appointed approved and independent booking agencies to help you find the best location for you to stay during your time in London:
Venue Search UK
All the delegates have to do is telephone +44 (0)20 8541 5656 or email beds@venuesearch.co.uk and say that they are a Euromoney delegate!
Zibrant
Zibrant offer a huge range of hotels across London and can find you accommodation as close to your training venue as possible. They will ensure that you receive preferential rates as a Euromoney delegate. Go to www.zibrant.co.uk/euromoney for more details. Alternatively you can email your enquiry to euromoney@zibrant.co.uk or call +44 (0) 1332 285 521.
Euromoney Legal Training strongly recommends that you do not book your accommodation until you have received full course confirmation.
If you require any further information, please contact us:
Euromoney Legal Training
Nestor House
Playhouse Yard
London
EC4V 5EX
United Kingdom
Tel: +44 (0) 207 779 8601
Fax: +44 (0) 207 779 8599
legaltraining@euromoneytraining.com
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John Deacon
John Deacon is an English solicitor working in the London office of Hogan Lovells. John’s practice focuses on energy projects, carbon finance and trading, and infrastructure law, with a particular emphasis on renewable energy.
John has many years of experience in the renewable energy sector. His experience began with UK wind projects and has moved into a broad spectrum of global renewable energy projects, with a recent focus on waste-to-energy, biomass and green waste concessions.
John acts for developers, banks, equity providers, employers and contractors in this field. He has advised on projects around the world, including in Africa, the Middle East and Asia. John is recognised by Chambers Directory as a "leading individual" in both Renewable Energy and Climate Change.
Interested in holding this course in-house? Please fill out your details and a member of our team will be in touch with more information.
12-13 Jun 2012 (Dubai, United Arab Emirates)
By attending this course you will analyse the different documents and the key provisions of project loan agreements
24-25 May 2012 (London, United Kingdom)
24-25 Sep 2012 (London, United Kingdom)
This Euromoney Legal Training course explains how project finance works in detailed and practical terms. This programme aims to expose delegates to the rapidly changing face of project finance across the world and thus ensure a full awareness of the different methods being adopted in various countries and sectors. With interactive workshops being an integral part of this course, delegates will examine real life examples of project finance. Receive up-todate information on current projects, and benefit from the new ideas being implemented globally.
15-16 Mar 2012 (London, United Kingdom)
By attending this course you will analyse the different documents and the key provisions of project loan agreements
27-28 Feb 2012 (London, United Kingdom)
This two-day Euromoney Legal training course offers a comprehensive and up-to-date briefing on project finance with a focus on PFI/PPP projects.
23-25 May 2012 (London, United Kingdom)
The oil and gas industry is capital intensive, with long time periods prior to economic payback. As such, the financing of operations is a constant challenge for the management of any oil and gas entity. There are a variety of methods for financing
operations, including private equity, capital markets, commercial loans and project financing, each with different characteristics. The forms of funding available vary according to the status of the operations in question and the associated
contractual matrix.
9-13 Jul 2012 (London, United Kingdom)
This five-day Euromoney Legal school will be invaluable in increasing your knowledge and understanding of the key legal and contractual issues in international project finance and improve your ability to solve practical problems.
9-13 Jul 2012 (London, United Kingdom)
At this school Dr Ken Mildwaters, an acknowledged international expert with a wealth of experience in helping clients to formulate successful and effective business partnerships, will discuss with participants why parties come together in a cooperative endeavour to undertake a phase of a project, the legal forms they might use in so doing, the relationships created by the forms and the principle legal and commercial issues that affect those relationships.
20-21 Sep 2012 (Paris, France)
An in-depth overview of the different documents involved, effective documentation techniques and the key provisions of a project loan agreement
7-9 May 2012 (Dubai, United Arab Emirates)
This Euromoney Legal Training course explains how project finance works in detailed and practical terms. This programme aims to expose delegates to the rapidly changing face of project finance across the world and thus ensure a full awareness of the different methods being adopted in various countries and sectors. With interactive workshops being an integral part of this course, delegates will examine real life examples of project finance. Receive up-todate information on current projects, and benefit from the new ideas being implemented globally.
25-27 Jun 2012 (Johannesburg, South Africa)
This Euromoney Legal Training course explains how project finance works in detailed and practical terms. This programme aims to expose delegates to the rapidly changing face of project finance across the world and thus ensure a full awareness of the different methods being adopted in various countries and sectors. With interactive workshops being an integral part of this course, delegates will examine real life examples of project finance. Receive up-todate information on current projects, and benefit from the new ideas being implemented globally.
Course dates