New power projects are increasingly exposed to a wide variety of power market and other risks, and the most successful developers are turning to increasingly complex hedge structures to manage those risks while still delivering finance-able, profitable and sell-able projects.
To get truly valuable projects across the finish line, project developers must understand their complete risk exposure AND accurately gauge the risk appetites of their offtakers, their hedge counterparties, their lenders, and potential future buyers of their projects. To accomplish all this will require a solid grasp of today’s market conditions as well as a mastery of the full range of the most advanced contractual and hedging structures so they can manage those all those risks at an acceptable price.
This unique course, taught by a variety of active market participants, will prepare attendees to deal with both halves of this double challenge: first, understanding the current conditions in all of the various relevant markets that will motivate and constrain a projects’ risk management strategy, and second, how to utilize today’s most innovative and effective hedging approaches to execute that strategy.
Attend this one-of-a-kind event to learn what types of complex hedges continue to move forward today, and what structures are best in different markets and scenarios. Hear how volatile markets affect hedge provisions and risk appetites, including a look at today's market conditions and how TX has changed the landscape.
Understand current counterparty risk appetites, enable complex hedge arrangements, handle Texas-sized power market volatility & maximize asset value. Active market participants will provide:
Hours of Content
Expert-designed, highly-relevant curriculum
Learn from industry leaders and key decision makers
Live discussion and Q&A following every session
Participate live or at your own pace from anywhere, up to 30 days
Expand your professional network
Sustainability/Program Lead, Energy and Water
Regional Sustainability Manager
VAIL RESORTS, COLORADO REGION
Director, Renewable Energy & Environmental Finance
WELLS FARGO BANK
EDF TRADING NA
Head of Alternative Financing Group
ENGIE ENERGY MARKETING, NA, INC.
BLACKROCK REAL ASSETS | INFRASTRUCTURE
COMPETITIVE POWER VENTURES (CPV)
Vaughn H. Morrison
Director, Utilities, Power & Renewable Energy
KEYBANC CAPITAL MARKETS
ENERGY ADVISORS, LLC
GOLDMAN, SACHS & CO. LLC
Senior Managing Director
CCA CAPITAL GROUP
Managing Director and
Head of Power Origination
& Business Development
COMMODITIES NORTH AMERICA, LLC
MAYER BROWN LLP
ESS Energy Supply
LOWE'S COMPANIES INC.
Live Q&A and discussion following each session
July 27, 2021 | 8:45 AM - 4:00 PM PDT
|Session 1: Hedge Structures, Financeability & Market Uncertainty
|Session 2: The Relationship between Hedges, Project Output & Different Offtakers
|Session 3: Deep Dive into Collateral Packages for Hedges
|Session 4: Lender Perspectives on Dealing with Hedge Risks & Cash Flow Issues
|Session 5: Offtaker Risk Appetites & Risk Exposure
|Session 6: Sponsor Perspectives on Today’s Hedge Market
|Session 7: Hedge Provider Perspectives & Market Activity
|Session 8: Tax Equity Perspectives on Hedge Transactions & Market Fluctuations
|Session 9: Roundtable Discussion from All Sides: Interactive Live Zoom Session
Nuanced, up-to-date, forward-looking, and contextually presented, the class expanded the depth of our firm’s competency for financial transactions.
- Greg Poulos, CEO, ArcVera Renewables
The Master Class was very efficient, educational, effective and productive, and I will do more of these regardless of if we are traveling and going to in-person.
- Peter Blood, Founder and Managing Partner, CYCLE