Financing Renewable Energy Conference

Using Tax Credits to Finance Solar, Wind, and Other Renewable Sources

November 8-9, 2007
Miami, Fla.

Thursday: 9:00 a.m.-5:00 p.m. • Friday: 9:00 a.m.-1:00 p.m.

Conference Registration  
November 8-9
Financing Renewable Energy Conference  
Related Event  
November 7 Pre-Conference Workshop: Renewable Energy Tax Credit Basics  

Agenda

Wednesday, November 7, 2007

5:00 p.m. - 7:00 p.m. Welcome Reception
Coastal Terrace North (formerly in Salon F)

 

Thursday, November 8, 2007

Day One
8:00 a.m. - 9:00 a.m. Registration and Networking Breakfast
9:00 a.m. - 9:30 a.m. Welcome and Introductions
9:30 a.m. - 10:20 a.m. Renewable Energy Tax Credits – A Historical Perspective and Washington Report – Current Legislative Update
10:30 a.m. - 11:20 a.m. Production Tax Credits – Wind Emphasis
This session will look at how a wind power transaction gets done and the main issues encountered. The panel will study the ins and outs of a wind deal, including the difficulties of siting the project and securing the wind turbines. Completing a wind resource study, and investigating the issues related to the permitting process, the environment and transmission will also be addressed. Come hear the panel discuss the perils and rewards of doing this kind of project.
11:30 a.m. - 12:20 p.m. Investment Tax Credits – Solar Emphasis
This panel will look at how photovoltaic (solar) transactions are currently getting done. We will explore the issues encountered and lessons learned from actual deals from the perspective of the investor, the developer, and the tax and legal professionals. Panelists will apply the fundamentals covered in the pre-conference workshop, with an emphasis on how certain tax and business issues were resolved in the course of the transaction process. Panelists will also cover the roles of the key transaction participants.
12:20 p.m. - 1:30 p.m. Lunch and Keynote Speaker
2:00 p.m. - 2:50 p.m. Negotiating the Transaction, Structuring the Deal
This session will focus on current issues in connection with the financial structures used by investors in photovoltaic (solar) and wind transactions. Learn how these structures are allowing for increased ownership/investment opportunities for investors in renewable energy. The panelists will also address in detail how wind and solar transactions are structured and how key tax issues and deal terms are addressed and negotiated. The panel will also explore ways the investor exits the deal including a discussion on the use of “puts,” “calls” and “flips”.
3:00 p.m. - 3:50 p.m. Exploring the Key Issues in an Energy Deal
Every wind and solar transaction has many issues that need to be resolved prior to the transaction documents getting “signed up.” This session will focus on the key issues that have the potential to hold up a transaction and must get resolved by the different transaction participants to get the deal closed.
4:00 p.m. - 4:50 p.m. Equity Panel
Investors play a crucial role in any energy tax credit transaction. This panel will explore how tax credits, accelerated depreciation deductions and state rebate programs drive the investor’s returns from its equity investments. Don’t miss this session as we identify the key issues on the minds of today’s renewable energy investors.
5:00 p.m. - 6:30 p.m. Networking Reception

 

Friday, November 9, 2007

Day Two
7:30 a.m. - 9:00 a.m. Networking Breakfast
8:00 a.m. - 9:00 a.m. Energy Tax Credits and the New Markets Tax Credit
New markets tax credits (NMTCs) allocatees can assist in the financing of renewable energy projects (e.g. wind, solar, biomass, etc.) using NMTCs. Renewable energy projects are also generally eligible to generate production tax credits (Section 45) or investment tax credits (Section 48). Attend this panel to learn more about the issues associated with combining NMTCS with renewable energy tax credits.
9:00 a.m. - 9:50 a.m. Rebates, Other Subsidies, State and NMTC Combined
Ever-burgeoning energy industries are arising in individual states. They come in all shapes and sizes. This panel discussion will focus on which states are doing what. The programs range from property tax incentives and production tax incentives to grant programs. Rebate programs that are offered at the state, local and utility level to promote the installation of renewable energy equipment and sales tax incentives for those who invest in energy efficiency will also be reviewed.
10:00 a.m. - 10:50 a.m. How to Jump Start a Burgeoning Industry
The Department of Defense (DoD), the largest energy consumer in the nation, spent $13.5 billion on energy last year and has a goal of using 25 percent renewable energy by 2025. Assuming no future increase in energy use by DoD, this single source could consume in less than 20 years well over $3 billion in renewable energy per year. Hear from and discuss with government and private sector participants if and how DoD's goal can be met.
11:00 a.m. - 11:50 a.m. Debt Financing Programs for Today’s Renewable Energy Transactions
Come hear about the lending programs and solutions available to developers of today’s renewable energy transactions.  Our panel of experts will give a broad market overview of the debt programs available for wind and solar transactions.  The panel will also discuss specific lender underwriting guidelines, deal terms and other criteria used when financing a renewable energy transaction.
12:00 p.m. - 12:50 p.m. Combining Section 42 with Section 48
Renewable energy! The buzz is growing and the experts on our panel are not about to ignore it. Don’t miss this discussion on the economics of combining energy credits with LIHTCs.  Learn how developers are adding solar installations to their Multi-Family Apartment portfolios with investment tax credits either through a combination with LIHTCs or via their own captive energy company.  Learn how investors view the energy credits, what they will pay for the combined investment, and what issues arise in these transactions.
1:00 p.m. Conference Concludes