global wind finance brochure

www.greenpowerconferences.com+44 (0)20 7099 0600

Secure investors.Manage risk.Guarantee bankability.

Our 2013 senior speaker line-up includes:

� Benchmark yourself against theindustry leaders: Over 40 expertspeakers delivering up-to-the-minutemarket intelligence and insight

� Meet the decision-makers: 80%+ ofattendees in 2012 were at VP/directorlevel or above

� Make your projects bankable:Understand what attracts investors toprojects

Join us at THE premier annual windfinance gathering

4th annual

Global Wind Power Finance & Risk

Chris Hunt, Managing Director, Riverstone

Tom Murley, Head of Renewable Energy, HgCapital

Dr Cord Landsmann, Chief Financial Officer, E.ON C&R

Magnus Goodlad, Head of Renewables, Hermes GPE

Rui Teixeira,Chief Financial Officer,EDP Renewables

Dominik Thumfart, Managing Director, Infrastructure &Energy Finance, Deutsche Bank

Martin Neubert, Senior Director, Head of Partnerships, Wind Power, Dong Energy

Ian Berry, Fund Manager – Infrastructure andRenewable Energy, Aviva Investors

Tavraj Banga, Director, Terra Firma

Dima Rifai, Chief Executive Officer, Paradigm Change Capital

Organised by:Part of:Silver Sponsor:Gold Sponsor:Registration now open

www.greenpowerconferences.com/windfinance

+44 20 7099 0600

This conference, organised byGreen Power Conferences,

demonstrates that well organised, wellfocused events, and with the rightspeakers invited, is still the best way towin businesses and contact potentialclients and suppliersHead of Energy and Environmental Finance, KfW-IPEX Bank,Global Wind Power Finance & Investment Congress 2012

CONFERENCE AND EXHIBITION19-20 June 2013, London, UK

NEW FOR 2013

De-Risking Offshore Wind Masterclass(see back page for further details)

Silver Sponsor:

Gold Sponsor:

Book Now – Call +44 20 7099 0600

or Online at: www.greenpowerconferences.com/windfinance


It was a fruitful 2-days with many developers,investors and financiers of wind farms under one-

roof. It was certainly worth the long flight from SingaporeChief Executive Officer, K-Green Trust,Global Wind Power Finance & Investment Congress 2012

This high-level strategic event continues to bring together c-level representatives from the windindustry, with global financiers, investors and insurers, providing not only outstanding scope fornetworking with decision-makers, but also targeted and in-depth conference sessions.

The 4th Annual Event dedicated toFinancing, Investing and Risk Managementin Wind Power

5 Key Reasons toattend Global WindPower Finance andRisk Congress 2013:

UNIqUE: this is the onlyconference dedicatedspecifically to wind powerfinance and investment withfocused sessions on financingoffshore wind power, risk andinsurance

COMMERCIAL: the mostinteractive and commercially-driven agenda written for theindustry

PROVEN: 4 year track record inproducing high-quality, globalwind power finance events

UNPARALLELED NETWORKING:we only attract senior decisionmakers and the who’s who ofthe wind power and financecommunities for ultimatenetworking appeal

GLOBAL PERSPECTIVE:develop director level contactsin wind and finance industrieswith over 80% of our attendeesVP/Director level from over 20countries worldwide

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Join the who's who of the financing world, all mobilising capital in the wind powersector including:

Hermes GPE is currently invested in approximately 200 funds and 60 co-investments across the globe as well as aportfolio of infrastructure assets, and manage £6.0 billion* for major institutional investors and pension fundsworldwide.

Terra Firma is one of Europe’s leading private equity firms and since 1994, Terra Firma has invested over €14 billion in33 businesses with an aggregate enterprise value of over €45 billion. With almost 190 investors globally, Terra Firmainvests on behalf of a wide range of organisations including pension funds, financial institutions, sovereign wealth funds,endowments and family offices. Terra Firma investors typically invest in a variety of other assets as well as private equityfunds, for example in the equity and debt of large public companies.

Riverstone is an energy and power-focused private equity firm founded in 2000 with approximately $24 billion ofequity capital raised across seven investment funds, including the world’s largest renewable energy fund. Riverstoneconducts buyout and growth capital investments in the renewable sectors of the energy industry, committingapproximately $20.9 billion to 95 investments in North America, Latin America, Europe, Africa and Asia.

Impax Asset Management is an award winning, leading investment manager dedicated to investing in theopportunities created by the scarcity of natural resources and the growing demand for cleaner, more efficient productsand services, through both listed and private equity strategies. Impax Asset Management manages c. US$3.2 billion**(£2.0 billion) for institutional and high net worth investors globally, and are committed to providing strong long-term risk-adjusted returns.

Aviva Investors is part of Aviva, one of the world’s largest insurance companies, helping corporate and institutionalclients anywhere in the world. Most of Aviva's £274 billion*** under management is in fixed income, real estate and multi-asset solutions, and a range of other capabilities across all major asset classes.

HgCapitalHas assets under management of £3.7 billion, serving over 100 highly regarded institutional investors, including privateand public pension funds, endowments, insurance companies and fund of funds and has 100 employees in twoinvestment offices in the UK and Germany.

Allianz Capital Partners (ACP)Is the captive, alternative asset platform of the Allianz Group one of the leading financial institutions in the world, withassets under management of about EUR 8.5 billion.

Hudson Clean Energy PartnersIs a leading global private equity firm, dedicated solely to investing in renewable power, alternative fuels, energy efficiencyand storage. Hudson typically invests in high-growth, asset-based, capital-intensive segments of the clean energy valuechain with minimal technology development risk, primarily in control and shared-control positions.

Ambienta SGRIs a growth SME investor targeting the environmental sector, seeking to capitalise on huge and growing markets forbusinesses focused on energy and resource efficiency, waste management and pollution, and renewable energyservices, with committed capital of €217.5 million for Ambienta I, the inaugural fund launched in 2008, raised frominstitutional investors, family offices and the investment team.

PGGMPGGM is a leading Dutch pension fund service provider. PGGM offers its institutional clients: pension fund management,comprehensive asset management, policy advice and management support. Currently – on behalf of five pension funds– PGGM manages slightly in excess of EUR 128 billion for 2.5 million people. As a co-operation with more than 570,000members, PGGM is helping to achieve a valuable future. Either alone or with strategic partners, PGGM is developinginnovative future provisions by linking together pensions, care, housing and work.

* As at 31 December 2012 ** As at 31 January 2013 *** As at 30 June 2012

NETWORK WITH MAJOR POWERHOUSE INVESTORS

TOTAL INVESTMENT CAPITAL = c.£460billion

DAy ONE, 19 JUNE 2013


Book Now – Call +44 20 7099 0600


This event stands out as having a focus on thecritical issues and the right people involved in them

to share insights and point the way forward. Outstandingscope for follow-on networkingCorporate Finance Officer, Mainstream Renewable Power,Global Wind Power Finance & Investment Congress 2012

The conference format will include key presentations from financial thought leaders, institutional investors, global wind developers,government bodies, utilities, manufacturers, insurers and also include analyst presentations, industry panels, stimulating roundtablediscussions and interactive participant Q&A sessions.

8.30 Registration and welcome coffee

9.00 Chair’s opening remarks Warren Pimm, Partner, SDCL

9.15 Investor Outlook: Funding and Financing WindPower – Setting the Scene

• Examining the current state of the finance markets and new financingtrends

• Bolstering investor confidence in wind power • Has the lack of clarity on the regulatory front muddied wind asset

values? • Will wind asset finance pick up in 2013? • Wind finance forecasting for 2013 and beyond • Will new methods of financing help to cycle money back into

development and construction? Robert Mansley, Managing Director, Capital Markets, GIB (Green Investment Bank) Chris Hunt, Managing Director,

Riverstone Tom Murley, Head of Renewable Energy,

Hg Capital

10.30 Networking refreshment break

11.00 Utility Perspectives Panel on Financing Wind Power • Capacity planning – what is the demand for added wind capacity and

what are the financial implications involved? • Why are utilities funding as they do? • Accessing the financial community • Can utilities continue to finance wind power off their balance sheets? Dr Cord Landsmann, Chief Financial Officer,

E.ON C&R Rui Teixeira, Chief Financial Officer,

EDP Renewables Holger Gassner, Head of Markets and Political Affairs, RWE

12.00 Developers: Seeking Certainty and Attracting NewSources of Finance

• What are the opportunities for growth and what new business modelsand financing options are needed?

• Are EPC contracts an important part of assembling diverse bankgroups?

• Is capital available for developers looking to optimize asset portfoliothrough strategic acquisitions? How will these acquisitions befinanced? What role will M&A play?

• Will developers ‘chop up’ financing, sell equity off and how? • Attracting new equity sources and debt through the construction

period • Risk management and allocation for building a bankable business case Fintan Whelan, Corporate Finance Director,

Mainstream Renewable Power Michael van der Heijden, Managing Director,

Typhoon Capital Pierre Lestienne, Chief Financial Officer,

C-Power

13.00 Networking lunch

14.00 Policy Backdrop: The Effect of Energy MarketReforms and Changing Policy Landscapes on Wind Projects• What are governments doing to foster financing?

• Is the process working and are government incentives sufficient? • What effect has the EMR had on PPAs? • Impact of the move from RO to CfD - what are the true effects of ROCs

being replaced by fixed price contracts for difference mechanisms? • Do other systems in other countries work better? • Financial regulation: what are the effects of Basel III and Solvency II on

long-term lending or equity investments in wind power? Ian Temperton, Head of Advisory, ��Climate Change Capital Mortimer Menzel, Partner,

Augusta & Co James Greenhalgh, EMR Stakeholder Manager, National Grid


15.30 Are Operating Wind Farms Attractive InvestmentAssets?

• How are wind farms attractive equity investments for sponsors andinvestors?

• Who will buy operational wind power assets? • Purchasing operational wind assets compared to other infrastructure

assets, buying and exit strategies • Infrastructure funds – what do players want to see from wind power? • How can fund managers address investment concerns in wind power? Ian Berry, Fund Manager – Infrastructure and Renewable Energy,

Aviva Investors Peter Rossbach, Managing Director, Private Equity & Infrastructure, Impax Asset Management Colin Campbell, Co-lead Infrastructure Partner, Zouk Capital Christopher Mansfield, Senior Managing Director, DIF Stephen Lilley, Partner, Greencoat Capital

16.45 Risk and Insurance: Facing Reality • Why insurance is key to encourage further private wind sector

investment • What can be insured and what are developers liable for? • Optimal risk reduction: mitigating risk throughout the project lifecycle • Post construction/operating risk and minimising construction risk • More innovative risk instruments to help drive greater investment in

wind power • Assessing insurance options, key steps to reducing costs • What do investors want to see? Dr Richard Oduntan, Portfolio Manager, Nephila Capital Ernst Bedacht, Underwriter, Munich Re Andrew Davison, Senior Vice President, Infrastructure Finance Group, Moody’s* Bernd Patzwald, Executive Vice President, New Build and Risk Engineering,

E.ON Risk Consulting Morgan Hervé-Mignucci, Senior Analyst and Manager, CPI Europe (Climate Policy Initiative)

17.45 Networking Evening Reception Reflect on the day's proceedings and develop lucrative newpartnerships over a drink at our evening reception

* awaiting final confirmation Available to Sponsor

DAy TWO, 20 JUNE 2013

Book Now – Call +44 20 7099 0600



The diversity at the conference means that thediscussion isn't just limited to what’s hot right now,

as it also explores what might be hot nextDirector, Terra FirmaGlobal Wind Power Finance & Investment Congress 2012

A very insightful event, well organized and an excellent opportunity to networkwith the industry and share our views. We will definitely be back!Managing Director, UniCredit - Global Wind Power Finance & Investment Congress 2011

08.30 Welcome coffee and refreshments

09.00 Chair’s opening remarks

09.15 Trends in Debt Finance • Will onshore wind continue to hit a high number of debt deals? • How much of a continued role can project finance play? Is the nature of

project finance deals changing? • Current funding models vs equity alternatives • How do you get senior debt finance in? • How much appetite is there for mezzanine/junior debt and who are the

players? • What’s the current state of the wind bank loan market – debt tenors,

interest rates, lending capacities for onshore and offshore? • What are we seeing in terms of shorter tenors/hard mini-perms, cash

sweep/accelerated payments, soft mini-perms? • Are debt-sizing methodologies more conservative? • Assuming risk – who will assume the risk? Moderator: Ben Backwell, Editor-in-Chief, Recharge Dominik Thumfahrt, Managing Director, Infrastructure & Energy Finance,

Deutsche Bank Salvatore Santoro, Senior Vice President, Energy Division, Project

Finance and Advisory, DNB Bank

Heiko Ludwig, Managing Director, Head of Energy Europe, Nord LB

Carol Gould, Head of Power and Renewables, Structured Finance Officefor EMEA,

Bank of Tokyo Mitsubishi

10.15 New Sources of Financing Beyond Bank Debt – Whatare the Options? What Role do ECAs, PensionFunds, Insurance Companies, Multilaterals play?

• Who will fund wind farms in the future? • What type and sizes of projects will have access to new sources of

financing? What will be the spread, tenors, leverage and terms? • How can we tap new sources of financing and ensure investor

confidence in the longer term assets? • What role is there for ECAs and development banks? • Pension funds and insurance companies – what opportunities are there

in wind? Risks, structures and rates of return • How to attract investment in offshore wind as a specific asset class? • Volume of debt and equity capital • Construction vs operation risk • Which funding structures are working and why? • Will we see the beginnings of a new clean energy project bond market in

Europe? Moderator: Ben Backwell, Editor-in-Chief,

RechargeDennis van Alphen, Senior Investment Manager, PGGMPia Bastrup, Chief Underwriter,EKF David Jones, Managing Director,Allianz Capital PartnersDima Rifai, Chief Executive Officer,Paradigm Change Capital


11.45 Private Equity – Operational Assets, Risk, Buyingand Selling Wind Power

• What are PE companies ideal risk profiles? • What yields are PE looking for? • Long-term ownership of wind and optimisation of performance over a

project lifecycle • Purchasing operational wind assets compared to other infrastructure assets

Magnus Goodlad, Head of Renewables,Hermes GPE

Joseph Slamm, Partner,Hudson Clean Energy Partners

Tavraj Banga, Director, Terra Firma Rolando Polli, Partner,

Ambienta SGR

12.45 Networking Lunch

14.00 Offshore Wind Power Financing – Structuring,Financing and Risk: Creating a Solid Financial Basis

• Case studies • Lack of knowledge or lack of capital? • Why capital structure is key • What are the complexities involved as size of transactions increase?

Why funding and phasing is key • Importance of certainty over construction liability (EPC vs multi-

contract), design verification (certification), tried and tested design,experienced contractors

• Investing in assets including cables and substations • Which parties are capable of taking construction risk? • Are innovative pilot projects for 1st loss protection a step in the right

direction? Martin Neubert, Senior Director, Head of Partnerships, Wind Power,

Dong Energy Keiji Okagaki, Vice President,

Marubeni Europower Wolfgang Bischoff, Head of Energy Finance, EMEA,

Siemens Bank Joris van der Geest, Investment Advisor, Ampere Equity Fund, SUSI Partners Wilfried Breuer, Managing Director and Board Member, TenneT Offshore


16.00 Roundtable Discussions: • Financing Offshore Grid Expansion • Financing French Offshore Wind – Challenges and Opportunities

An opportunity to take part in stimulating roundtable session groups. Eachsession will be chaired by an industry expert, who will facilitate anexchange of opinions and then feedback to all congress participants.

17.00 Close of conference

* Agenda correct at time of going to print

Robert Mansley,Managing Director,Capital Markets, GIB (GreenInvestment Bank)

Joseph Slamm, Partner,Hudson Clean Energy Partners

Salvatore Santoro, Senior Vice President,Energy Division, ProjectFinance and Advisory, DNB Bank

David Jones, Managing Director,Allianz CapitalPartners

Holger Gassner, Head of Markets andPolitical Affairs,RWE

Fintan Whelan, Corporate FinanceDirector,MainstreamRenewable Power

More major players than ever before, including:

Outstanding scope for networking, the best way to do business

GENERATE BRAND AWARENESS AT THEPREMIER WIND FINANCING EVENT

Book Now – Call +44 20 7099 0600


This year's wind power finance &investment conference was a great place

to meet all those companies that are seriousabout financing wind projects. To find them all inone location was fantastic!Director, Mott MacDonaldGlobal Wind Power Finance and Investment Congress 2011


through logo visibility at THE premierannual wind power finance gathering

and leave a lasting impression with yourcorporate literature distributed to everydelegate via conference USB stick

Generate brand awareness

Position your company as athought leader

to your clients with the help of ouraward winning marketing team

Demonstrate marketpresence

during over 15 hours of networking withour high-level audience

Meet the decision makers

ensures your company is showcasedto every player in the wind and financesectors

Industry leading globalrenewables database

with over 2 months of travellingcondensed into 2 days

Strong return on investment

Secure the best exhibition and sponsorshipopportunities by booking early

An Intelligent Investment:

KEY REASONS TOPARTNER WITH US:Sponsorship & ExhibitionOpportunities

Who attends Global Wind Power Finance & Risk?We have a strong track record of attracting attendees from across the whole value chain:

� Banks and investors andinternational financinginstitutions

� VC/PE companies� Wind farm owners/operators� Wind project developers� Utilities� Global investment funds� Infrastructure funds

� Institutional investors� Pension funds� Sovereign wealth funds� Government and regulators� Wind technology developers and

manufacturers� EPCs� Government and regulators� Financial analysts

� Public financing institutes� Wind power technology research

and development companies� Law firms� Insurance firms� Energy analysts, environmental,

engineering consultants andindustry press

For information about how you can raiseyour corporate visibility and marketawareness, please contact:Jason TaylorTel: +44 (0)20 3384 6211Email: [email protected]

RAISE yOUR PROFILE

Media Partners: Research Partner:

The conference was a high calibre eventgathering a senior level of marketparticipants across the stakeholder

spectrumChief Executive Officer, Paradigm Change Capital Partners, Global Wind Power Finance & Investment Congress 2012

The panellists and attendees wereleaders within the global wind powerfinance and investment community,

which provided for a rich level of discussion andengagementPartner, SDCL,Global Wind Power Finance & Investment Congress 2012

Silver Sponsor:

Gold Sponsor:

Nephila Capital Ltd was founded in 1998 and is one of the oldest and largest investmentmanagers dedicated to the natural catastrophe and weather risk sectors. Nephila, whichis partly owned by KKR, offers weather-linked risk transfer hedges to businessesworldwide, including to participants in the renewable energy space. Weather-linked risktransfer solutions are used to hedge volumetric and revenue risks inherent in renewableenergy projects such as wind, solar and hydroelectric.

to Wind Finance Conference

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15+HOURS OF

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80%VP/DIRECTOR

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Managing and offsetting risk in offshore wind power development is crucial to securing project investment. Thismasterclass will include real case studies and focus on reducing risk and maximising returns for developers and investors.

NEW Masterclass: De-Risking Offshore Wind – How do youOpen Doors to More Capital?

Who should attend?• CEOs, CFOs, COOs, risk managers, project managers and insurance

managers from utilities and developers

• Financiers specialising in wind power investment

• Lawyers and due diligence professionals

Add our “De-Risking Offshore Wind” Masterclasson June 21 to your package for just £799 and geteven more out of your time at the event!+

3 Easy, Secure Ways to Bookwww.greenpowerconferences.com/windfinance

+44 (0)20 7099 0600

[email protected]

Book Now – Call +44 20 7099 0600


Intelligence Pass(Includes Wind Finance & Risk Report)

Networking Pass Limited Pass

2 Day conference & exhibition

Cocktail reception (June 19)

Conference documentation

Full access to online networking

Printed attendee list

Membership of the Global WindSeries, giving you 10% off ourevents in 2013

Wind Finance & Risk report

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Access to:

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Green Thinking (Services) Ltd. market responsibly both for the environment and in the waythat we use people's contact data. We use paper from renewable sources and environmentallyresponsible suppliers, we email and fax to reduce environmental impact and we carbon offsetwhere possible. You will be provided with the opportunity to opt-out of communications fromus at the point where you submit your information to us. You may opt out of communicationany time by contacting us at www.greenpowerconferences.com/update.

JOIN THE CONVERSATIONFollow us on twitter:@julesgoddard @windseries

Join our LinkedIn Group:Global Wind Power Finance & Risk

SPECIAL RATES AVAILABLE for developers/operators with less than 100MW operational and non-profit/government/academic institutions. Contact [email protected] for further information. These rates are subject to the approval of Green Power Conferences.

Venue:The Tower - A Guoman Hotel,St Katharine's Way,London, E1W 1LDTel: 0871 376 9036 Fax:0871 376 9136www.guoman.com/en/hotels/united_kingdom/london/the_tower/index.html

Accommodation:Registered delegates will be sent hotel options and booking forms.All prices in GBP and subject to UK VAT.

£2,999 £1,999 £1,799

Early Bird (Book before 8 May 2013) £2,849 £1,849 £1,649

• Understanding and managing risk in the development of offshoreprojects – achieving balance in risk distribution, exploring constructionrisk, successful partnering

• De-risking projects to encourage greater funding by investors –matching banks’ requirements for investment

• Increasing availability of insurance products to cover specific risks,coverage for volume of projects

• Reducing offshore project risk through due diligence, reducing risk byunderstanding multi-contract insurance

• Enhancing project risk management and insurance programme design

• Reducing asset risk by reducing technical risk

• Project delivery risks – from construction to commercial optimisation– European case studies

• Early risk identification – assessing uncertainties and optimising yourbusiness strategy

Speakers: Ernst Bedacht, Underwriter,Munich ReChristos Kolliatsas, Wind Leader,Mott MacDonald Thomas Karst, Senior PartnerMAKE ConsultingSteen Broust Nielsen,Senior PartnerMAKE Consulting

ATTENDFROM JUST

£1649!

global wind finance brochure

Documents

financingoffshore wind

ofthe wind power

wind powerfinance

director level contactsin

infrastructure energy

environmental finance

finance industrieswith

financiers of wind farms