The renewable energy sector in Europe has benefited from environmental concern over fossil-fuel fired plants, further encouraged by European-wide and single-nation commitments to achieving electrical output from renewable sources in order to meet Kyoto Treaty objectives.
Many countries are on the verge of finalising compelling new strategies to strongly encourage electricity production from renewable resources. This training program describes how critical incremental power needs may be addressed by taking advantage of rich renewable resources while conserving finite fossil fuels and reducing noxious.
Course outline
This course includes guest speaker Ulrich Winkelmann (NORD/LB), who will be covering Financing Offshore Wind Projects.
This program will discuss approaches to financing wind, biomass/biofuel, solar, geothermal, hydro and other renewable projects in many parts of the world, focusing on how these transactions differ from more conventional thermalbased deals. Peculiarities such as intermittency, location constraints, transmission, and interconnection will be described, as well as renewable power purchase agreements, and other project contracts.
Examples of deals that have been structured to take maximum advantage of the growing variety of global incentives and tax-breaks will be used to illustrate principles and insure understanding. Attention will also be placed on many of the new and emerging financing vehicles.
Participants will learn about:
- Structuring renewable energy projects: Wind, Biomass, Small hydro, Solar, Geothermal
- Risk assessment and allocation in renewable transactions
- Incentives: Feed-in tariffs, Renewable portfolio standards, Subsidies and grants, Tax credits, Depreciation schedules and others
- Carbon–credits and trading markets
- Cash–flow analysis and structuring alternatives
- Debt and equity alternatives and incentives
- Commodity price hedging for wind and other deals
- Managing international risks
Supported by:
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Margaret E. Osius
Ms. Osius specialises in capital markets, risk management, and international project finance. She works with corporations, financial institutions, public agencies, law firms, and private equity investors. She has considerable
professional experience with the oil and gas, power, transport, and telecom sectors.
Ms. Osius began her career at JP Morgan Chase Manhattan Bank, where she structured highly leveraged transactions and project financings and advised clients on foreign exchange and other price risk management strategies. Ms. Osius was responsible for a team of analysts responsible for evaluating the quality of the bank’s global loan portfolio as well as that of its newly acquired affiliates. In that role she had extensive experience with workout and distressed debt. Ms. Osius has published articles in the business press and co-authored several self-study guides covering international project finance, trade and export finance, foreign exchange, and financial futures. The World Bank has published her articles on approaches to financial analysis in emerging markets.
From 2000 to 2007 Ms. Osius was a member of the Technical Advisory Panel (TAP) of the Public Private Infrastructure Advancement (PPIAF) managed by the World Bank. In 2006 and 2007 she was the TAP’s chairperson. The fund provides technical assistance to emerging market governments in order to encourage private involvement in infrastructure development. Ms. Osius received an M.B.A. from INSEAD, the European Institute of Business Administration, in Fontainebleau, France. Her B.A. degree is from Princeton University.
Courses run by this instructor
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