Parallel session n° 3B : PV Project finance

 
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Minutes of the session 3B
List of participants
 

The first part “Equity Investments” analysed how to place equity financing in the best ways in order to sponsor PV projects and on how to attract investors.

 

 

Equity Investments

  moderator: Murray Cameron, EPIA Vice-President
   

 
Welcome speech
Murray Cameron, EPIA Vice-President
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09:00 - 09:30
Project developers perspective - Project Placement – From market approach to closing the deal
Barbara Flesche, Epuron
Presentation (PDF)  
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09:30 - 09:50
Investors’ perspective - Practical example: challenges from the investors side
Peter van Egmond Rossbach, Impax Asset Managment
Presentation (PDF)  
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09:50 - 10:10
Project Developers and Investors: challenges, risks and conclusions on financial strategies
Robert Kröni, Edisun Power Europe
Presentation (PDF)  
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10:10 - 10:40 
Discussion
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10:40 - 11:00 Coffee break
 

The second part “Debts financing” was oriented to examine non-recourse financing for solar PV projects and to evaluate technical risks of the investments.

 
 

Debt financing

  moderator: Christian Langen, EPIA Board Director
   

   
11:00 - 11:30
Project developers’ perspective, - How to achieve cash neutral project finance?
Miguel Fernandez, BP Solar
Presentation (PDF)  
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11:30 - 12:00
Example for financing Building Integrated Photovoltaic project
Thierry Lepercq, Solaire Direct
Presentation (PDF)  
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12:00 - 12:30
Bank perspective - Non recourse financing from a PV project
Nikolai Ulrich, HSH Nordbank
Presentation (PDF)  
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12:30 - 13:00
Discussion
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13:00 - 14:00 Lunch Break
 

The third part, titled “Limiting investments risks” was presented by representatives of banks.

 
 

Limiting investments risks

  moderator: Christian Langen, EPIA Board Director
   

   
14:00 - 14:30
Capital markets financing versus bank debt financing for PV projects
Christian T. Junior, Commerzbank
Presentation (PDF)  
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14:30 - 15:00
Addressing technical and performance risks via adequate contractual structures at the outset
Fabrizio Donini Ferretti, Dexia
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15:00 - 15:30
Discussion & Closing remarks
Christian Langen, EPIA Board Director
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15:30 - 17:00 Bilateral meetings

 

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