This two-day comprehensive Master Class will provide attendees an immersion into non-standard hedge agreements, and the provisions and conceptualization vital to their use with battery storage, proxy generation, and affiliate swaps. Attendees will also hear all of the most recent developments in the ERCOT market regarding hedge negotiations, pricing and payments, and counterparty issues.
With the meltdown of the ERCOT power grid, many in the industry are wondering how hedges fared, and what factors led to each outcome. The dramatic implications of contractual defenses in hedge agreements have become vitally important, with increasing scrutiny necessary to ensure that a project is covered.
The Hedging for New Use Cases Master Class is your opportunity to learn the contractual frameworks involved in bespoke hedge agreements as cutting-edge financing for renewable energy projects, and gain a working understanding of how to use these structures and provisions for new use cases and new market conditions as they arise.
This prescient event, taught by active practitioners, will examine the complex tax rules for affiliate hedges, the methodology used for trade value in proxy generation instruments, and the utilization of hedges to enable battery storage companies’ access to parts of the market previously unreachable to them. It will delineate the interests, concerns and requirements of all participants in a hedge agreement negotiation and the entire discussion will be underpinned by contemporary real-world case studies to illustrate the details.
Live Office Hours
Hone Your Hedging Skills & Optimize Your Negotiation Strategies for New Use Cases -- including Battery Storage, Proxy Generation, Affiliate Hedging, and More
Live Q&A and discussion following each session
Click here to view the full agenda
April 27, 2021 | 8:45 AM - 2:00 PM PDT
|Session 1: Applying the “Traditional” Hedge Model to Other Use Cases
|Session 2: Understanding & Using Proxy Generation Instruments
|Session 3: Defining Battery Storage Attributes for Hedging in ERCOT, CAISO & PJM
|Session 4: Lessons Learned from the Texas Weather Crisis
|Session 5: Defining & Understanding the Use of Affiliate Hedges
|Session 6: Regulatory Considerations—Dodd Frank/FERC
|Session 7: Recap: Applying Key Concepts to Any New Use Case Negotiations
|Session 8: Office Hours: Interactive Live Zoom Session & Update on Lessons Learned
Giji’s practice focuses on the development and finance of domestic and international energy projects.
He has extensive experience representing project sponsors through development (including through the negotiation and drafting of power purchase agreements and other long-term offtake agreements, physical and financial swaps, engineering, procurement and construction contracts, operation and maintenance agreements, management services agreements and site services agreements), acquisitions and dispositions, joint ventures and financings. His representation has included transactions involving LNG facilities, methanol facilities, petrochemical refineries, carbon capture and sequestration facilities, natural gas processing and storage facilities, natural gas and CO2 pipelines, wind energy, solar energy, natural gas-fired peaking and combined-cycle power plants, thermal and battery energy storage, transportation, aviation and ports.
His prior experiences include a two year secondment to International Finance Corporation’s Office of General Counsel where he worked on multi-currency corporate financings, project financings and equity investments in infrastructure projects in Bolivia, Brazil, Chile, China, Colombia, Costa Rica, Ecuador, El Salvador, India, Mexico, Pakistan, Panama, the Philippines, Romania, Russia, Sri Lanka, Tajikistan and Turkey.
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KIRKLAND & ELLIS LLP
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 events.
- Peter Blood, Founder and Managing Partner, CYCLE
Bio coming soon...
Bio coming soon...
For Government, Academic, and Utility pricing, please click here.
An application requesting MCLE credit for this Master Class is pending approval from the State Bar of California.