Renewable Energy M&A in the Evolving Marketplace
August 5, 2020 | Online :: 11:15 am - 2:15 pm Central
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
- 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.
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
EUCI has been accredited as an Authorized Provider by the International Association for Continuing Education and Training (IACET). In obtaining this accreditation, EUCI has demonstrated that it complies with the ANSI/IACET Standard which is recognized internationally as a standard of good practice. As a result of their Authorized Provider status, EUCI is authorized to offer IACET CEUs for its programs that qualify under the ANSI/IACET Standard.
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.
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
- 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.
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.
Please Note: This event is being conducted entirely online. All attendees will connect and attend from their computer, one connection per purchase. For details please see our FAQ
If you are unable to attend at the scheduled date and time, we make recordings available to all registrants for three business days after the event