Renewable Energy Project Valuation - Presented by Infocast


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the tuition of our recommended related Master Class!

M&A for Renewable Power Projects – October 20 - 21, 2021

 

Take an Intensive Deep Dive into How to Assess & Create Renewable Project Value in Today’s Uncertain Market

The renewable energy boom shows no signs of abating, and neither do the long-term risks for developers, investors and portfolio owners. The competition to acquire projects and the shortening tenor for utility and corporate power purchase agreements (PPAs) is causing the profitability of projects to depend more on non-contracted revenue and the merchant tail. The success of investment decisions and project financings in the current market relies on accurately evaluating market and project risk over a long horizon—an increasingly challenging task that can create tension between sponsors, regulators, and debt and equity investors.

The Renewable Energy Project Valuation Master Class will conduct a deep dive into valuation approaches in today’s market, and how to use them to meet IRS, investor and regulatory requirements. It will step through the rigorous application of valuation approaches, helping develop a depth of understanding and appreciation of how to incorporate market volatility in valuations that rely on varying forward energy price projections provided by competing market sources and often spotty market transaction data. It will:

  • Provide information and perspectives on current market conditions, M&A activity, financier sentiment and investor risk appetite. The course will provide a discussion of how each of these is affecting the value and bankability of various classes of projects
  • Step through the rigorous application of valuation approaches, discussing their strengths, weaknesses and common pitfalls in their use
  • Discuss how legal and IRS requirements affect cost segregation, and how to avoid changes in depreciated value that can reduce revenue flows
  • Examine how to assess the value of projects that depend on non-contract revenue and sources of yield beyond energy
  • Show how to incorporate risks frequently encountered in both BTM and utility-scale projects, including interconnection issues, construction delays, VPPAs, curtailment and basis risk, hedges, and site control
  • Discuss how to reconcile the sometimes-disparate results coming from different valuation approaches and methods of modeling market volatility to reach the most accurate conclusion possible

This Master Class will be taught by senior renewable energy project valuation professionals from Marshall & Stevens, a recognized leader in valuation services, including over $50 billion of renewable energy projects valued over the past 10 years. The class will also feature presentations by highly-respected renewable energy project attorneys, investors and top developers to provide their perspectives of asset valuation in the current market.

CLASS TAKEAWAYS

 

The curriculum has been designed to allow professionals to fully grasp today’s most important topics, including:

  • Incorporate the revenue stream complexities of renewable projects in valuations:
  • Residual values after expiration of offtake contracts (the “merchant tail” problem)
  • Economic useful life and repowering decisions
  • Contracted vs uncontracted revenue streams
  • Assess the current status and outlook on market conditions for off-takers, renewable developers and power markets:
  • Deal flow and pricing trends
  • Financier sentiment and perspectives
  • Investor classes and their risk appetites
  • And how each of these is affecting the value and bankability of various classes of projects

MASTER CLASS FEATURES

 

10

Hours of Content

Expert-designed, highly-relevant curriculum

11

Instructors

Learn from industry leaders and key decision makers

Live Participation

Live discussion and Q&A following every session

On-Demand

Participate live or at your own pace from anywhere, up to 30 days

Connect

Expand your professional network

 
 

Sign up today!

INSTRUCTORS

 

  • Lead Instructor

    John Geraghty
    Managing Director
    MARSHALL & STEVENS, INC.

    Contributing Instructors


    Darleen Armour
    Managing Director
    MARSHALL & STEVENS, INC.

    Sybil M. Cioffi
    Managing Director
    DUKE ENERGY RENEWABLES LLC

    Ralph Consola
    Principal
    MARSHALL & STEVENS, INC.

    John Eliason
    Global Co-Head of Energy Project Finance
    GREENBERG TRAURIG LLP

  • Contributing Instructors


    Laura Ellen Jones
    Partner
    HUNTON ANDREWS KURTH

    David Kaltsas
    Chief Operating Officer
    GAF ENERGY

    Adam Kuehne
    Chief Investment Officer
    SUMMIT RIDGE ENERGY

    Steven LaMantia
    Managing Director
    MARSHALL & STEVENS, INC.

    Keith Martin
    Partner
    NORTON ROSE FULBRIGHT US LLP

    Jim Nutter, ASA
    Managing Director
    MARSHALL & STEVENS, INC.

AGENDA

 

Live Q&A and discussion following each session


October 13, 2021 | 8:40 AM - 3:15 PM PDT

Session 1: What’s New: Impacts on Project Valuation
Session 2: Perspectives on Long-term Project Value in a Changing Renewable Energy Market
Session 3: Valuations for Renewable Project Finance: Understanding Market and Cost-based Approaches
Session 4: Cost Segregation and IRC 1060 Analysis for Asset Acquisitions, Tax Equity and Other Incentive Programs
Session 5: An Update on Recent Legal Developments Affecting Valuations: An Attorney’s Viewpoint
Session 6: The Income Approach: Valuation of Renewable Projects Based on Contracted and Merchant Revenue Flows

October 14, 2021 | 8:30 AM - 2:35 PM PDT

Session 7: Incorporating Project Risks in Renewable Energy Project Valuations
Session 8: What Developers Should Do to Avoid Potential Appraisal Pitfalls and Maximize Values
Session 9: Reconciling the Results of Multiple Valuations and Valuation Methods
Session 10: Project Valuation for Financial, Tax, and Investor Reporting


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

 

PRICING

 

Sign up today!

Super Early Bird

$$$

Pricing ends: August 20, 2021

Early Bird

$$$

Pricing ends: September 17, 2021

Standard

$$$

Pricing ends: October 14, 2021

Registration

General Admission


Pricing

$$$

 

Special Groups,

Special Groups

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*Special attendee rates subject to verification by Infocast

 

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Contact us at: support@infocastevents.com | (818) 888-4444

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