3rd Renewable Energy Finance Forum Central and Eastern Europe (REFF-CEE) Brochure

The premier event for finance and investment in renewable energy across Central and Eastern EuropeOrganised bywww.reff-cee.comCONFERENCE HIGHLIGHTS INCLUDE: ? Strong investment focus – The viewpoint offinanciers and utilities? Special focus on project developmentincluding a series of project case studies ? Network with senior financial sector andrenewable energy specialists? Unique coverage of the region – What arethe right combinations of technology,policy and financial return?? Extra networking time including a power networking session SAVE €200Book by 9 January 2009Climate Neutral Partner Sponsor Media Partners25-26 February 2009, Marriott Prague, The Czech Republic5As Western European markets becomeincreasingly saturated, investors areturning their attention to the opportunitiesin the renewable energy markets in Centraland Eastern Europe.Fresh markets are opening up, driven by the globalgrowth of the renewables industry and the expansion of theEuropean Union. As European renewable energy targets andthe EU Emissions Trading Scheme provide ongoing pressureon member states to develop clean energy capacity,concerns over energy security maintain the drive forrenewables from within the countries themselves. Policy remains a significant risk in the region.Different countries have approached the implementation ofthe European targets in different ways, and the incentives inplace vary considerably. Whilst the Czech Republic, Hungaryand Bulgaria have embraced direct subsidies through a feed-in-tariff system, Poland and Romania are considering amarket based approach through tradable green certificates.In light of tightened credit conditions, what are theprospects for new projects? The prevailing sentimentmaintains confidence in renewable energy as a solidinfrastructure investment class, and all the more so in growingeconomies with an ever increasing demand for energy. The 3rd REFF Central and Eastern Europe providesa superb platform to meet key stakeholders and identifywhere the true potential of the region lies, as well as bestpractices to monetise these opportunities. Financiers,energy companies, policy shapers and project developerswill assemble to provide insight and create an exceptionalnetworking opportunity. WHO ATTENDS REFF-CEE?• Investors and financial institutions • Utilities and independent power producers• Project developers • Renewable energy technology manufacturers• Infrastructure funds and energy specialists• Venture capital and private equity houses• Government officials, regulators and NGOsUNPARALLELED NETWORKING OPPORTUNITIESNetwork with 150+ regional and international marketprofessionals during the lunches, breaks and drinksreceptions PLUS a power networking refreshment breakwith a roving microphone, where delegates can introducethemselves and communicate in a relaxed environment.About the organisers:Euromoney Energy Events (EEE) is a division of Euromoney Institutional Investor PLC, the leading globalfinancial media company. EEE holds financial conferences for the clean energy industry, focusing oninvestments in the renewable energy and carbon markets. These include the global brand of REFF, held inLondon, New York, Beijing, Mumbai, Singapore and Rio de Janeiro. Sponsorship OpportunitiesSponsorship at REFF-CEE offers you significant exposure to a senior level audience. Our delegates come from finance, industryand the professional services, and REFF has become established as the must-attend series for the renewable energy finance sector.Our tailored sponsorship packages enable you to raise your profile and gain significant exposure for your organisation. Brandingoptions include lunches, refreshment breaks, individual sessions, and the Evening Networking Reception.For further details please contact Chris White on +44 20 7779 8917 or cwhite@euromoneyplc.comCONFERENCE HIGHLIGHTS:Practical coverage of the project opportunitiesin the region A session delivering regional overviews of resources,support mechanisms and country-specific hurdles will befollowed by a whole afternoon of case studies and realexperience, looking at how challenges can be addressedby project developers across the various technologies.Keynote investment sessionsThe present financing landscape for renewable energyprojects in key markets of the region will be outlined,featuring the perspectives of different investors."Lots of information onfinancing of renewables" Manfred Stockmayer, CAMCO AG, ViennaDAY 1: WEDNESDAY 25TH FEBRUARY 200908.00 Registration and coffee08.45 Welcome and opening remarksAllison Lindsay, Director of Conferences, Euromoney Energy Events0900-1030: Session 1Opening policy keynotesChair: Dr. Marianne Moscoso-Osterkorn, InternationalDirector, The Renewable Energy and Energy EfficiencyPartnership (REEEP)The support national and pan-European policy measuresprovide for renewable energy is one of the key factors insolidifying the investment potential of the sector. This session will debate key policies to enable thedevelopment of renewables in the region from both the EUviewpoint and the perspective of member states. Key topics:? The way forward – Meeting the EU renewable energy targets for EU-12 countries ? Country perspective on the implementation of the European directives for renewable energy and carbon targets – Is it reasonable to benchmark different EU energy markets based on the same criteria?? Realisation of investment potential – What is holding investors back from investing in the region? What are the drivers attracting investment?Speakers:Hans van Steen, Head of Unit, Unit D1 -–Regulatory Policy & Promotion of Renewable Energy,Directorate General for Energy and Transport (DG TREN),European Commission*Vladimir Vlk, Director of the Department ofSustainable Energy and Transport, Ministry of Environmentof the Czech RepublicGünter Pauritsch, Division Leader, Austrian Energy Agency1030 Networking refreshment break1115-1215: Session 2The view of utilitiesChair: Daniel Berkove, Director, Business Development –CEE, Eurasia and Africa, New Energy FinanceThe session will feature the investment perspective of theutilities and power producers, presenting the energy industry’soutlook on the role renewables will play in evolving theEastern European energy mix. Short presentations by eachpanel member will focus on how each company viewsexpansion of the Eastern European markets.Topics the speakers will comment on:? How does the company view developing renewable energy projects as part of the overall regional strategy?? The company outlook on the development of the clean energy sector in the region over the next 5 years? What key aspects of regional energy market development will impact the development of renewableenergy capacity?Speakers:Sven Utermöhlen, Regional Director and Chief Executive Officer, E.ON Climate and Renewables Central Europe GmbHMartin Cmiral, Head of Environmental Investments, CEZ1215 Networking lunch1345-1515: Session 3Keynote renewable energy finance sessionChair: Vivek Mittal, Founder and Managing Director,Millennium Resource StrategiesThis session will look more closely at the financiallandscape for renewable energy development in EasternEuropean markets, featuring a range of investmentviewpoints.By identifying where different investors perceive thekey challenges it will highlight what developments arerequired to attract investment flows to the different countriesin the region.Key topics:? A broader energy-economic perspective ? The tariff structure and incentive landscape for renewable energy in the region’s key markets? Development risks across the region – Is it worthwhile? What is the realistic potential for renewable investment?? Raising debt and equity finance for renewable energy projects in the region – Who is seeking an active role?Speakers:Diana Jensen, Senior Manager, Renewable EnergyFinance, Overseas Private Investment CorporationRudolf Plasil, Managing Director, Raiffeisen Energyand Environment GmbHShane Woodroffe, Partner, EnerCapGrzegorz Zielinski, Senior Banker, Energy Efficiencyand Climate Change, European Bank for Reconstructionand Development (EBRD)Ian Learmonth, Head of Renewable Energy,Macquarie Europeconference programmetel: +44 20 7779 89992Quotes taken from previous REFF events"At REFF 2007 I met a partner to develop a project and at REFF 2008 I met financial partners." - Ivelin Borisov, GATE, Bulgaria1515 Networking refreshment break1545-1715: Session 4Investment in the energy efficiency sectorChair: Peter Hobson, Senior Banker, Energy Efficiency andClimate Change, European Bank for Reconstruction andDevelopment (EBRD)Facing legacy challenges in the industrial and builtenvironment sectors, countries in the region offer vastopportunities for implementation of energy efficiencyprojects, with a special focus on energy efficiency in thebuilt environment.The session will address the key questions surrounding thefinancial viability of such projects, and the business modelsthat can be utilised.Capturing the European energy productivityopportunity? The potential for investments in boosting energy productivity in Eastern Europe? The energy efficiency driven categories of investment opportunities in the region? A case study for capturing value in the marketAnja Hartmann, Principal, McKinsey and CoCommercial development of energy efficiencyprojects in the Czech RepublicJaroslav Marousek, Chairman of the Board ofDirectors, SEVEn, the Energy Efficiency CenterEnergy efficiency projects in the builtenvironment sector – Are the prevailingsubsidies holding back investment?? Successful financial mechanisms developed – Experiencein Hungary and Poland ? Current subsidy schemes available in key markets and their impact on development potentialCliff Aron, Principal, GreenMax Capital Advisors1715 Networking drinks DAY 2: THURSDAY 26TH FEBRUARY 200908.00 Morning coffee0850 Welcome and opening remarksVered Tsedaka, Conference Manager, Euromoney Energy Events0900-1030: Session 5The scope for renewables in the regionChair: Kim Keats-Martínez, Associate Director, InternationalInfrastructure Analysis, IPA Energy + Water ConsultingAs a result of the fragmentation in the CEE energy marketscountries in the region differ in policies promotingrenewable energy development, and in infrastructuredevelopment plans and requirements.This session will present a review of the renewable energyinvestment potential available in the region’s markets, in lightof the regulatory landscape and available resources. The regulatory frameworks and investmentpotential in renewable energy generationacross the region? Available natural resources and the financial viability that stems from existing regulatory frameworks? Analysis of the region's potential developments across key sectors - Wind, bioenergy and solarKrisztian Orban, Managing Director, Oriens Investment ManagementRenewable energy project development in the Baltics? Review of the renewable subsidy schemes in Estonia and Lithuania? Financing renewable projects – A focus on wind and biogas technologies? Raising debt finance in a tougher credit climate Kalle Kiigske, Member of the Board, 4 EnergiaFinancing renewable energy projects in theCEE – A lender’s perspective on the challenges,pitfalls and opportunities ? Compare and contrast of risk frameworks between established renewables markets and emerging CEE markets ? Lender-risk matrix – What are lenders looking for? ? Practical experience and working example: AES Geo Power OOD St. Nikola wind farm financing ? What will it take to raise financing in CEE in the currentmarket environment Eriks Atvars, Director, Power and Environment ProjectFinance, UniCredit Markets & Investment Banking1030 - 1130: Power networking refreshment breakIn this special networking break a rovingmicrophone will circulate between conferencedelegates, giving them the opportunity tobriefly introduce themselves to fellowconference participants.w: www.reff-cee.com3"REFF-CEE had very informative sessions, supporting the use of renewable resources in CEE countries." - Miroslav Hajek, Ministry of Environment, Czech Republic"A very interesting event , with great networking opportunities and the latest on the renewables market" - Gitte Mathiasen, DONG Energy A/S, Denmark4e: energyevents@euromoneyplc.com"Well worth attending - a forum for a genuine exchange of views and high calibre industry participants" - John Dunlop, HSH Nordbank, UK"Very well organised event with excellent networking opportunities; good focus on the relevant markets" - Frank Köhler, NORDEX Energy GmbH, Germany1130-1230: Session 6Focus on transmission, distribution and grid developmentChair: Kim Keats-Martínez, Associate Director, International.Infrastructure Analysis, IPA Energy + Water ConsultingGrid and infrastructure development remains a key factor indetermining the financial viability of renewable energy projects.Developing adequate grid capacity is crucial to meeting the EUrenewable targets, and strengthening cross-border infrastructureis equally important as the region’s countries identify their powerimport and export needs. The session will explore the challengein building capacity into the regional grids and discuss howdevelopers should incorporate transmission and distribution riskswhen venturing into the market.Adapting the regulatory framework toaccommodate for increased on-grid renewableenergy capacity? The potential risks concerning changes in the regulatory framework? Austria’s experience and the lessons learnedJohannes Mayer, Director, Regulation andCompetition, E-ControlConnection of wind parks to the public grid –The Romanian experience? Procedure for reservation of capacity? Sharing grid connection costs? Interconnection possibilities? Overcoming the setbacks related to wind power connectivityCosmin Stavaru, Senior Associate, Bulboaca & Asociatii SCA1230 Networking Lunch Session 7 and 8: Project development experienceThe following sessions will present project development casestudies for renewable energy developments across keytechnologies, offering further insights on how country specificchallenges were handled by project developers working with avariety of renewable energy technologies.1345-1515: Session 7Project development focus IChair: Simon Luby, Due Diligence Team Leader, SgurrEnergyThe session will look at the experience of wind projectdevelopers in different countries in the region. Each casestudy will present project expertise as well as addressing akey challenge faced in local development.Opening remarks: Financing renewable energy projects in a postcredit crunch environment Simon Luby, Due Diligence Team Leader, SgurrEnergyCase study – Developing wind projects in Hungary ? Practical experience in developing wind power in Hungary? Venturing into fresh markets in Eastern Europe – Assessing market entry to Romania and HungaryMartin Billhardt, Chief Executive Officer, PlambeckNeue Energien AGCase study - Project Horni Lodenice in theCzech Republic? The dual approach of the Czech Republic to wind development – Challenges in planning a wind farmAlexander Szotkowski, Managing Director, ProjectDevelopment, Ventureal S.r.oCase study – Developing wind projects in Poland? Practical experience in developing in Poland, and an outlook on emerging wind markets in the region? A focus on securing PPAsStefan Ebeling, Head of Poland Department, WKN Windkraft Nord AG1515 Networking refreshment break1545-1700: Session 8Project development focus II Chair: Nikolaus Schultze, Project Finance Director, First ClimateThis session will look at Bioenergy project developmentexpertise. It will review projects taking place and willaddress the questions arising with respect to bioenergyinvestments: choice of technology; achieving sufficient scaleand securing feedstock for regular operation.Case study – Developing a CHP project in Poland? Key considerations in a development – Choice of technology? Assessment of the opportunity available in a region Karl Gruber, Senior Manager, Technology,Cycleenergy BiopowerCase studies – Bioenergy project developmentin Russia? A review of waste-to-energy projects in the St. Petersburg area? An outlook on the future of potential developmentHans Weckman, Service Area Director, Energy & Climate, Ramboll Group A/SThe potential for smaller scale projects in theCzech Republic? The disparity between available biomass projects in theCzech Republic and investor profiling? Evaluating smaller-scale projectsMichaela Remrova, Managing Director, BTG Central Europe S.r.o1700 Close of conference© 2008 Euromoney Energy EventsEuromoney Energy Events reserves the right to change the programme without notice*InvitedPost: Euromoney Energy Events Ltd Nestor House, Playhouse Yard London EC4V 5EX, UK Four other waysto registerFax: +44 20 7779 8946Telephone: +44 20 7779 8999(quoting brochure ref:)The easiest way to register is online at www.reff-cee.comEARLY BIRD FEE €1399+VAT (by 9 January) - REGISTRATION FEE €1599+VAT (after 9 January)The conference fee includes: Attendance at all conference sessions,conference documentation, lunches, refreshments.6IT IS IMPORTANT TO FILL OUT ALL THE INFORMATION BELOWPlease photocopy this form for multiple bookings 1st Delegate detailsMr/Mrs/Ms ______ First name ____________________________________________________________Surname _________________________________________________________________________________Job title __________________________________________________________________________________Tel ________________________________________ Fax___________________________________________Email_____________________________________________________________________________________2nd Delegate details Mr/Mrs/Ms ______ First name ____________________________________________________________Surname _________________________________________________________________________________Job title __________________________________________________________________________________Tel ________________________________________ Fax___________________________________________Email_____________________________________________________________________________________3rd Delegate details Mr/Mrs/Ms ______ First name ____________________________________________________________Surname _________________________________________________________________________________Job title __________________________________________________________________________________Tel ________________________________________ Fax___________________________________________Email_____________________________________________________________________________________CONFERENCE FEE PAYMENTPayment may be made in one of three ways - please tick appropriate box ?1. To make a payment by credit card, please visit www.reff-cee.com to book and pay online?? 2. Payment by BANK TRANSFER Lloyds Bank TSB plc, City Office, Bailey Drive, Gillingham Business Park, Gillingham, Kent ME8 0LS, € account number86139233, sort code: 30-12-18, Swift code: LOYDGB2LCTY (all chargesto be paid by sender). IBAN No: GB42LOYD30121886139233?? 3. CHEQUES should be drawn on a UK Bank and made payable toEuromoney Energy Events Ltd. A receipted invoice will be sent to all delegates. Please complete and return this form together with a copy of bank transfer orcheque, payable in € to Euromoney Energy Events Ltd, and send by post or fax to:Euromoney Energy Events Ltd, Nestor House, Playhouse Yard, London EC4V 5EX, UKTel: +44 20 7779 8999, Fax: +44 20 7779 8946energyevents@euromoneyplc.com www.euromoneyenergy.comFor group discounts of 4 or more delegates please contact Maria Ferreiro, +44 20 7779 8084; mferreiro@euromoneyplc.com The concessions for local and central government, non-profit organisations,academics and small developers are at the sole discretion of Euromoney EnergyEvents.Please note that for all on-site bookings an additional €150 will be payable.?? Documentation only ?? Hard copy ?? Soft copy €400VAT: VAT is charged at the Czech rate of 19%. Certain companies may be ableto reclaim the VAT. Delegates should check with their local excise authority toconfirm which fiscal regulations apply.HOTEL BOOKING: Accommodation is available at the Prague Marriott Hotel at aspecial discounted rate to all registered REFF CEE participants only . To make areservation please contact the Reservations Department on tel +420 2 2288 8822,fax +420 2 2182 2333 or via the website www.marriott.com quoting the followingreference: REFF-CEE-09 and code: ASSASSA. Rooms are available at the specialrate of CZK 3100 (single or double occupancy). Rates are inclusive of breakfast andsubject to VAT. All reservations must be received no later than 23 January 2009.Reservations received after this date will be subject to space and rate availability.Email: energyevents@euromoneyplc.com(quoting brochure ref:)CANCELLATIONSConference fee: By completing this registration form, you are agreeing to the terms and conditions whereby you are liable for the full conference fee. All cancellations mustbe received in writing by 23 January 2009 for a full refund, less a 10% administration charge. We cannot accept verbal cancellations. Cancellations received after 23January 2009 are liable for the full conference fee. However, substitutions can be sent to attend in your place at no extra charge for the entire conference only with priornotice. Registrations received after 23 January 2009 are still liable for the full conference fee in case of cancellation. If owing to a force majeure, Euromoney Energy Events isobliged to postpone or cancel the event, Euromoney Energy Events will not be liable for any travel or accommodation expenses incurred by delegates or their organisations.Badge swapping with other registered/non-registered delegates is against our company policy and will not be permitted.Data protection: The information that you provide will be safeguarded by Euromoney Energy Events Ltd, a division of Euromoney Institutional Investor PLC group, whose subsidiaries may use itto keep you informed of relevant products and services. We occasionally allow reputable companies outside the Euromoney Institutional Investor PLC group to contact you with details of products thatmay be of interest to you. As an international group, we may transfer your data on a global basis for the purposes indicated above. If you object to contact by telephone ?? fax ?? or email ?? pleasetick the relevant box. 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For Small developers less than 50MW, Government, Not for Profit and Students – 50% off full fee = €799.50 + VAT = €951.41