Main sponsor
Sponsors
Supporters
Programme of speakers
| 8.00 | Registration and Coffee |
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| 9.00 | Patrick Sheehan Patrick is a Partner and founder of ETF. He focuses on the growth and development of the investment portfolio and represents the firm on the Boards of Metalysis, Nujira, Industrial Origami, Novel Polymer Solutions and TAG Energy Solutions. Patrick has worked in venture capital since 1985, when he joined 3i. He was instrumental in founding 3i's venture capital practice, and later became the founding Managing Director of its Silicon Valley operation. Before this, he was a research engineer for GEC and Marconi Space Systems. Patrick chairs the European Venture Capital Association’s Environmental task force. He was also a member of the Executive Committee and Board of the EVCA from 2007 to 2010 during which time he also chaired the Venture Capital Committee. Patrick has a Ph.D. in Electronic Engineering from UCL, London. |
Morning Chairman |
Background |
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Anne Baldock Anne is the global head of the PFI/PPP group. Best known for her work in the PFI/PPP sector she acted on the first ever PPP to close. She has been influencing the market ever since and her experience of the bond and lending market and in derivatives and other areas means that she is able to advise clients in many spheres in a balanced and well informed manner on a wide range of issues. Accordingly, as well as advising on primary projects, she has advised on many acquisitions, secondary market sales of equity and loan portfolios and other structured products. |
Welcome and Introduction to the New Market Environment |
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Alex Desbarres Alex Desbarres has worked in the energy sector for eight years and derives his expertise from working alongside the top management of Veolia Environment, the world leader in environmental services, where he facilitated the strategic development, commercial, and financial success of a dynamic business delivering outsourced energy, utility, and technical services.
Alex has also co-founded a successful energy efficiency business and brings with him extensive renewable energy industry knowledge. Over the past four years, Alex has led the development and execution of Datamonitor's low-carbon and renewable energy expertise. Datamonitor is a world leading provider of premium global business information. |
The Background to Funding & Executing Renewables Projects 2011-2015 |
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Responding to the Challenge |
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Setting the scene |
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Tom Murley Tom Murley leads the renewable energy team at HgCapital and is responsible for HgCapital Renewable Power Partners, a €303 million fund for European renewable power projects. Tom joined in HgCapital in 2004 and has more than 15 years' experience in providing equity finance to the US and European conventional and renewable power sectors. He was formerly co-head of Allianz Private Equity's renewable energy team. Prior to that Tom was with the EIF Group, established in 1987 by John Hancock as the first private equity fund manager for power generation. Tom was recently named by Dow Jones “Wealth Bulletin” as one of 40 people providing financial and thought leadership to the European renewable and clean-tech sector. Tom is the Chairman of the British Venture Capital and Private Equity Associations board on Sustainable Energy, Environment and Technologies. He also sits on the Economics and Markets Committees of the British and Swedish Wind Energy Association. He has degrees from Northwestern University and Fordham University School of Law. |
What Investment Requires |
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Andrew Buglass Andrew has focused on energy project financings since 1992. He joined RBS in 2008, and leads the Energy Structured Finance team, originating and executing financings for clients across the Energy sector. RBS is a market-leader in structured funding for both power and oil and gas transactions. Within the oil & gas sector, the team’s remit focuses primarily on financings of upstream projects in the North Sea, spanning both development and production assets. Andrew joined RBS from ING, where he was latterly running the bank’s Amsterdam-based Utilities / Power team of 11 professionals, covering power projects in Europe and the Middle East. With ING, Andrew led a wide variety of transactions covering new build developments, acquisitions and refurbishment projects, in established as well as emerging markets. Prior to ING, Andrew was a Director in Hypovereinsbank’s Global Oil & Gas team in Munich. For 5 years, he was responsible for Unocal Corporation’s Asian project financings, based in the company’s Singapore office, where he closed a number of acquisitions and oil and gas financings, including funding for the $980m West Seno deepwater oil development in Indonesia. Andrew was previously with PowerGen plc, both in Malaysia and in London, and was Assistant Group Treasurer and Joint Head of Project Finance, with particular responsibility for the company’s Asian projects. Amongst a broad range of projects, he was deal team leader for the $1.7bn financing of PT Jawa Power in Indonesia. Andrew joined PowerGen from the London office of GiroCredit Bank AG, and before that worked for Barclays Bank. He has an MA in Modern Languages from Oxford University. |
The New Environment |
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Thomas Rottner Thomas Rottner founded Platina in 2002 and is Managing Partner. Prior to establishing Platina, he worked for several years in the European energy sector focussing on business development and M&A in the waste, conventional and renewable energy sectors.
Positions held include: Managing Director of Associated Energy Projects which developed capital intensive projects in the waste and renewable energy sectors; Commercial Director for Dalkia Utilities which focussed on technical outsourcing, facilities and energy management; and Senior Vice President – Business Development for Sithe Energies Europe which acquired and operated large power generation assets. A French national Thomas holds a BA in Economics, an MSc in Structural Design from the University of Paris, an MSc in Engineering from Ecole Centrale Paris and an MBA from INSEAD. |
Policy and Reality |
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Alex Betts Alex Betts is a Partner in the CCC Private Equity Fund. Prior to CCC Alex was Head of Royal Dutch Shell's corporate venture capital unit. Before this he was senior investment officer and a member of the investment committee of Antfactory. Prior to that he was a partner of Montagu Private Equity.
He has over fifteen years of private equity investment experience in a range of buy-out, expansion and venture capital transactions and has also worked within the mezzanine and senior debt investment teams at HSBC Investment Bank. Alex has a BA in Classics from Oxford University. |
Investment Needs |
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| 11.00 | Tea/Coffee Break – Networking | |
Responding to the Challenge - Continued |
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Sarwjit Sambhi Sarwjit Sambhi is the Managing Director for Power Generation at Centrica, responsible for the generation fleet, new construction projects and business development across fossil fuel, renewable and nuclear power.
Prior to joining Centrica, Sarwjit was at the consulting company, Booz Allen & Hamilton where he led much of the firm’s energy work in Europe and the Middle East. Before Booz Allen, Sarwjit was an engineer with PB Power working on hydro-electric power projects. |
Adding Projects to the Portfolio |
Mortimer Menzel Mortimer Menzel built up and leads Augusta’s renewables capital placement business. He has 7 years of expertise in placing equity finance in renewable energy deals (both for project and corporate finance) and over 20 years of banking, and legal experience. Prior to co-founding Augusta in 2002, Mortimer was at Goldman Sachs corporate finance/M&A in Frankfurt. Before that Mortimer was a solicitor with Freshfields Bruckhaus Deringer in Frankfurt, specializing in cross-border asset and structured finance transactions. He trained with Linklaters in London. To date Augusta has placed more than €4.5 billion of capital in the European mid market space, with approximately €3billion of that into renewables assets and companies. Augusta now has a team of 20+ bankers in London and Frankfurt, about half of whom specialise exclusively in placing equity and debt capital into wind, solar, biomass and biogas companies and assets. Augusta has created some of the industry’s most innovative deals in both assets and the renewables value chain. |
The Effect of Recent Policy Changes |
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Paul Hennemeyer Paul Hennemeyer is a power sector specialist with over 15 years’ experience in asset development, strategy and regulation. Paul has been engaged in both conventional and renewable energy in Europe and Latin America, most recently leading the development of a gas-fired power plant for Advanced Power and developing the renewable energy investment platform for Earth Capital Partners.
Prior to this, he co-led AES' successful entry into the European wind energy market, preceded by a senior regulatory role for Enron Europe. Paul began his professional career in consulting, first in management consulting for the Boston Consulting Group followed by 5 years in the energy practice of NERA where, as Vice President, he led a number of engagements in power sector restructuring and privatisation in several emerging markets. |
What Cleantech Investors Seek |
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Discussion chaired by : Brian Count, Chairman, Ceres Power & Progressive Energy, Hon VP Energy & Utility Forum Brian Count received a PhD in physics after graduating in Mathematics from Cambridge University. He joined the UK’s Central Electricity Generation Board (CEGB) and rose to become Director of Power Generation in National Power.
He was appointed Chief Executive Officer of Innogy plc, and subsequently Chief Executive of RWE Trading in Germany. He is non-executive Chairman of Ceres Power, Chairman of Progressive Energy, was a member of the UK Industrial Development Advisory Board and a Vice-President of the Energy & Utility Forum. |
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| 13.10 | Lunch and Networking | |
14.15 |
David Sowden Dave Sowden is an experienced director in regulatory and public affairs with over two decades of experience in the energy industry and an outstanding track record in obtaining changes in UK and EU legislation and regulation. He is a sustainable energy expert and has had a pivotal role across a number of years in shaping key aspects of UK energy policy, especially in the energy efficiency, heating, and microgeneration sectors. He founded the Micropower Council (for which he is Chief Executive), and Micropower Europe (for which he is Secretary General), industry bodies that bring together utilities, manufacturers, retailers, installers and trade associations with the aim of promoting microgeneration technologies, and which have been the driving force behind significant changes in the law, government policies and regulation to further the interests of the microgeneration sector in the UK and in Europe. His successful specialist consultancy business JDS Associates Ltd provides highly tailored strategy, policy and regulatory advice to a wide range of blue chip companies and SMEs in the sustainable energy sector, helping them to understand and shape the alignment between their commercial interests and the regulatory framework. He also founded and is the non-executive Chairman of Clean Energy Cashback Ltd, a consumer-facing web-based advice business for consumers’ interested installing microgeneration. |
Afternoon Chairman |
The Projects' Perspective |
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Setting the scene |
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Malcolm Brown Malcolm Brown is the co-founder of BW Energy, a specialised energy consultancy providing strategic, financial and regulatory and policy advice in decarbonising energy markets.
Malcolm has over twenty five years experience of the energy sector from capital markets analytical and strategy consulting roles at a senior level. His energy sector experience in capital markets includes Head of Business Development at Climate Change Capital, Global Head of Dresdner Kleinwort Wasserstein's oil and gas equity research teams and Head of UBS's European utility and oil and gas equity teams. Malcolm has also been a Head of Investment Research for investment banks in Europe and Asia including ABN Amro Hoare Govett. As a strategy consultant, he was also Head of Cambridge Energy Research's (CERA) European commercial activities, the leading energy consultancy. Malcolm has a M.A. in Modern History from Oxford University and an M.B.A. from the London Business School. |
How Do Renewables Projects Attract Funding? |
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Juliet Davenport Juliet Davenport is founder and Chief Executive of Good Energy, the UK’s only dedicated 100% renewable electricity supplier.
Since Good Energy was founded 10 years ago it has effected real change in the energy market. It now supplies energy to more than 26 000 homes and businesses across the UK, sourcing its electricity from a community of more than 1,700 independent renewable generators, all harnessing natural power from the wind, water, sun or through sustainable biogeneration. Good Energy wants to change the way energy is made in this country and connect people with where it comes from – so they will value it more and use it less. Its vision is a 100% renewable future for the UK by 2050. Juliet has won several accolades for her work, including PLUS Markets CEO of the year 2009 and 2010. Good Energy has won a Sunday Times Best Green Company Award twice, an Observer Ethical Award and was named West of England Business of the Year 2009. |
Extending Consumption and Generation of Renewable Energy |
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Sean Ebnet Sean began his career with the United States Forest Service before moving into the private sector where he spent over 10 years working as a private consultant to forestry companies, power utilities and government agencies. The consulting business was eventually sold to Duke Energy, where Sean continued to assist the company’s growth in renewable power developments and FERC relicensing studies.
In 2000, Sean became Executive Director of the Alternative Energy Investment Group where he was responsible for the screening, research and commercial development of privately funded renewable power projects in the USA and Canada. In 2008, Sean joined the Executive Committee of Drax Power Limited to help lead the company’s growth in biomass co-firing and new build generation as well as setting up the global procurement, supply chain and logistics functions within New Business. |
The Challenges of Building a Biomass Business |
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| 15.20 | Tea/Coffee Break – Networking | |
The Projects' Perspective - Continued |
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Charles Conner Charles Conner is a founding partner and the Chief Investment Officer of Temporis Wind Limited, a developer of 100kW to 1.5MW wind energy projects in the UK. He also serves as Senior Advisor to Climate Change Capital's Ventus funds and is a member of the Ventus Investment Committee and a director of Ventus VCT plc. Charles formed the first Ventus fund in 2004 and was the lead investment manager of the Ventus funds from 2004 until 2007. The Ventus funds have £65 million of funds under management and have made 25 investments in small and medium sized renewable energy projects. Ventus VCT plc won the award as the Specialist Investment Vehicle of the Year at the 2009 Quoted Company Awards and was named VCT of the Year at the 2009 Investment Week Investment Trust of the Year Awards. Charles served as a member of the investment committee for Climate Change Capital's carbon funds from 2005 until 2009. These funds, with €800 million of committed capital, constituted the world's largest private pool of capital funding emission reduction and energy efficiency projects in China, India, South East Asia, the former Soviet Union and the US.
Charles has over 20 years of experience in fund management, corporate finance, property finance and private equity. He was also an entrepreneur for seven years, during which period he formed, managed and sold two companies in the IT and telecommunication sectors in Europe. He has substantial experience in the financing of various sectors of the energy industry, including exploration and development, pipelines, oilfield equipment, distributed generation and renewable energy. He has also originated and structured energy outsourcing transactions, with a particular emphasis on reduction of energy consumption and emissions. Charles holds a BS degree from Purdue University and an MBA from the Harvard Business School. |
Challenges & Opportunities of FIT Wind Projects |
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Lark Energy Jonathan graduated from Essex University with a degree in Economics and completed a Masters in Environmental Economics at University College London. After running an Anglo-Japanese automotive business for 6 years, Jonathan joined the UK Centre for Economic and Environmental Development (UK CEED), a national research and policy centre. He rose through the ranks at UK CEED and was appointed Chief Executive in 1999. He successfully repositioned the centre as a leader in the research of, and support for, the environmental industries and low carbon sectors. He led the Centre through a period of significant growth and led research and policy teams working on European, national, regional and locally funded projects. In March 2010, Jonathan was recruited by the Larkfleet Group, a privately owned construction and development group based in the East Midlands, to establish its new renewable energy company, Lark Energy. Building on the Group’s reputation for leadership in sustainable construction, Lark Energy is developing and delivering a range of low carbon energy solutions for the Group’s strategic sites and for its partners and clients. Lark Energy’s activities range from retrofitting larger commercial buildings and housing developments to developing site-wide energy infrastructure for new-build housing and mixed-use developments. A variety of renewable energy technologies are being utilised including photovoltaics (PV), solar thermal, biomass heating/CHP and Anaerobic Digestion (AD). Lark Energy is currently constructing 10MW of PV projects and developing a 1.3MW AD project. |
Executing Large PV Projects in a Shifting Policy Environment |
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David Fitzsimmons David is a Director of Ingenious Solar UK VCT 2 plc (a specialist fund established to invest in UK solar projects) and of Integro Earth Fuels Inc (a US-based producer and supplier of torrified biomass). He is also on the advisory Boards of Braemar Energy Ventures (a US-based VC fund focussed on technology opportunities in the energy sector) and Nur Energie Ltd (a UK-based developer of large-scale CSP solar projects in Southern Europe & North Africa) and a partner of the Carbon Catalysts Group
Between 2005 and 2009 David was Chief Executive of Novera Energy plc, a UK renewables company active in landfill gas, hydro and onshore wind and developing a waste gasification project. Between 1977 and 2004 David had a successful career at BP plc. He held senior positions in all BP’s core businesses, including Head of Oil Trading; President of BP Asia; and Group Vice-President and Commercial Director for BP's Gas, Power and Renewables business. He is a past director of the International Petroleum Exchange and the Renewable Energy Association and has a MA from Cambridge and an MSc in management from Stanford Business School in California. |
The Effect of the FIT Changes |
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Discussion chaired by : Peter Jones, Director, Waste2Tricity; Advisor on Waste to Mayor of London Peter T Jones is a member of the Chartered Institutes of Marketing, Transport, and Wastes Management and qualified as an Industrial Economist .In July 2007 received an Honorary Degree from the University of Southampton as a Doctor of the University. Peter is a member of the Technology Strategy Board Resource Efficiency KTN. He has been a member of DEFRA New Technologies Demonstrator Programme, their Data Advisory Panel, and the Sustainable Consumption and Production Taskforce . He has given evidence to a range of Parliamentary Select Committees over the years. He Chairs a group looking at the Zero Waste economy for Advantage West Midlands and is the Mayor of London’s Special Advisor on waste on the London Waste Advisory Board .He is an advisor for a variety of UK Blue Chips.He is a non Executive Director of the NNFCC (National Non –Food Crop Centre)and the Renewable Energy Association. He is on the Resources Advisory Panel of Climate Change Capital . Peter is a Trustee of Waste Watch, an Ambassador for Global Action Plan and Fare Share, on the Advisory Committee of the Resource Recovery Forum, and a member of the WWF-UK Council of Ambassadors. A synopsis of his work can be accessed at www.massbalance.org in relation to Materials flows. |
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18.00 |
Drinks Reception |
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The Organisers reserve the right to change the programme if necessary and without prior notice.