Renewable Energy M&A in the Evolving Marketplace

August 5, 2020 | Online ::

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Analysts had predicted that the renewable energy market would be in overdrive in 2020.  Experts anticipated increased demand for tax equity this year and, in response to that expectation, many sponsors came to the market early in mid- to late 2019 with 2020 projects. The industry is still working toward finalizing those transactions. The reality is there are a lot of deals in the pipeline and market volume could still set records this year.

During this course, Becky Diffen and Sam Porter from Norton Rose Fulbright will give a detailed update on the market including:

• The impact of COVID-19
• The just-announced potential tariff on transformers
• The recent executive order about bulk power equipment

Instructors will then give a deep dive on key provisions that receive intense focus during negotiations of renewable energy project purchase and sale agreements including:

• Hot-button reps
• Warranties
• Associated indemnities
• Milestone payment structures
• Buyback provisions

 This intensive course will provide utility and energy leaders and shareholders to gain the very latest informed perspectives on renewable energy M&A. Attendees will be equipped with best practices to mitigate risk, as well as maximize opportunities to bolster their position by implementing key strategies.

The course is led by a team of two professionals with a combined 30 years of experience in renewable energy M&A, covering hundreds of transactions. Register now for this unique opportunity to get insight on navigating the renewables M&A market.

Learning Outcomes

This course will provide attendees an opportunity to:

• Explore the impact and effects of the changing marketplace on M&A trends
• Discuss strategies for successful projects in the evolving marketplace
• Identify regional differences and perspectives
• Explore the perspectives of developers and private equity
• Demonstrate best practices and provisions for moving forward with renewable energy deals

Credits

EUCI is accredited by the International Accreditors for Continuing Education and Training (IACET) and offers IACET CEUs for its learning events that comply with the ANSI/IACET Continuing Education and Training Standard. IACET is recognized internationally as a standard development organization and accrediting body that promotes quality of continuing education and training.

EUCI is authorized by IACET to offer 0.3 CEUs for this event.

 

Requirements for Successful Completion of Program

Participants must sign in/out each day and be in attendance for the entirety of the course to be eligible for continuing education credit.

Instructional Methods

Panel Discussions and PowerPoint presentations will be used in the program.

Wednesday, August 5, 2020 – Central Time

11:00 – 11:15 a.m. :: Login and Welcome

11:15 a.m. – 2:15 p.m. :: Course Timing

 Short breaks will be taken every hour

Market Update

• Impacts of COVID-19
  The impacts of COVID-19 on the renewables M&A market continue to evolve. Even though the pandemic will undoubtedly continue to influence the market, demand for renewable energy is still up and investors still see renewable energy as a good investment. During this session, attendees will get an up-to-the-minute report on the status of the market.
• Executive Order about Bulk Power Equipment
  The recent executive order prohibiting certain transactions involving bulk-power system electric equipment could have far-reaching implications for the renewable sector. Get an overview of the order and the concerns for developers of energy projects and energy project investors.
• Potential Tariff on Transformers
  The U.S. Commerce Department has begun another investigation that could lead to new tariffs on imports of key steel components of power transformers. Get the latest on this possible development and how it could affect projects in the pipeline.
• Recent Developments
  Get a robust overview of the very latest market and policy developments that will influence the renewables M&A market.

Break

Focus on Key Provisions

• Renewable PSAs: Hot Button Provisions
  Hear an overview of the provisions that receive intense focus during negotiations of renewable energy project purchase and sale agreements. Specific provisions to be covered include:
• • Hot-button Reps and Warranties and Associated Indemnities
  • Milestone payment structures
  • Buyback provisions
  • Conditions Precedent
  • Bridging Valuation Gaps
  • Build-transfer agreements with utilities
  • Other considerations when buying and selling in the construction and operational phases

Q & A

Becky Diffen, Partner, Norton Rose Fulbright

Becky Diffen is a partner based in Norton Rose Fulbright’s Austin office. She focuses her practice on acquisitions, joint ventures, project development, tax equity financings and sales of renewable energy, energy storage, power generation and transmission projects – including wind, solar, battery storage, geothermal, waste-to-energy, and other technologies. She also has experience advising clients on Texas regulatory law. Becky has over 17 years of experience in the renewable energy industry and previously worked as a utility-scale wind power developer. She is a co-author of Wind Law, the first wind law treatise, and Lexis Practice Advisor: Renewable Energy.

Sam Porter, Senior Counsel, Norton Rose Fulbright

Sam Porter is a senior counsel in Norton Rose Fulbright’s Austin office. He focuses his practice on energy transactions and projects, including project acquisitions and divestitures, project development, and tax equity and project financings. Sam draws on his experience as an in-house counsel at a solar manufacturer and developer and at an oilfield services midstream energy business to serve as a strategic legal and business advisor to his clients. Sam has led a wide variety of complex energy transactions and has significant experience with solar, wind and energy storage projects. Sam is active in the renewable energy community and serves on the board of a solar non-profit.

Our courses are designed to be the best possible use of your valuable time – get the information you need to improve your position in the market in an interactive, dynamic format.

We will be using Microsoft Teams to facilitate your participation in the upcoming event. You do not need to have an existing Teams account in order to participate in the broadcast – the course will play in your browser and you will have the option of using a microphone to speak with the room and ask questions, or type any questions in via the chat window and our on-site representative will relay your question to the instructor.

• You will receive a meeting invitation will include a link to join the meeting.
• Separate meeting invitations will be sent for the morning and afternoon sessions of the course.
  • You will need to join the appropriate meeting at the appropriate time.
• If you are using a microphone, please ensure that it is muted until such time as you need to ask a question.
• The remote meeting connection will be open approximately 30 minutes before the start of the course. We encourage you to connect as early as possible in case you experience any unforeseen problems.

REGISTER NOW FOR THIS EVENT:

Renewable Energy M&A in the Evolving Marketplace

August 5, 2020 | Online

Your registration may be transferred to a member of your organization up to 24 hours in advance of the event. Cancellations must be received on or before May 01, 2020 in order to be refunded and will be subject to a US $195.00 processing fee per registrant. No refunds will be made after this date. Cancellations received after this date will create a credit of the tuition (less processing fee) good toward any other EUCI event. This credit will be good for six months from the cancellation date. In the event of non-attendance, all registration fees will be forfeited. In case of conference cancellation, EUCIs liability is limited to refund of the event registration fee only. For more information regarding administrative policies, such as complaints and refunds, please contact our offices at 303-770-8800