Valuation of PPAs

October 14-15, 2020


AGENDA

Wednesday, October 14, 2020 Central Time

12:30 – 1:00 p.m. :: Login and Welcome

1:00 – 1:15 p.m. :: Overview and Introductions

1:15 – 5:00 p.m. :: Program Content

(includes 15 min mid-afternoon break)


Changing Market Fundamentals and Effects on the Valuation of Renewable and Storage PPAs


Economic Valuation of the PPA


Examining the Underlying Risk Factors that Impact the Value of a PPA

5:00 p.m. :: Program Adjourns for Day


Thursday, October 15, 2020 Central Time

8:45 – 9:00 am :: Log In

9:00 a.m. – 12:00 p.m. :: Program Content

(includes 15 min mid-morning break)


Term Sheet Review: Key Commercial Terms 


Examining the Relationship Between Price and Value


Project Production-Related Guarantees:  Understanding the Difference


Standard Contractual Parameters

12:30 – 1:15 p.m. :: Lunch Break

1:15 – 4:30 p.m. :: Program Content

(includes 15 min mid-afternoon break)

Comparing and Contrasting PPAs to Wholesale Market-Based Energy Sales


Risk Distinctions that Especially Apply to Virtual/Financial PPAs


The Symbiosis Between Hedges and PPAs

4:30 p.m. :: Program Adjournment


INSTRUCTORS

 

Steve Birndorf, Director – Renewable Energy Consulting, NextEra Energy. 

Steve Birndorf is Director – Renewable Energy Consulting at NextEra Energy. He is a seasoned solar and renewable energy executive with more than 20 years of professional experience. With a foundation in consulting, finance, and business development, he has developed projects, led teams and built organizations. Steve has developed, financed and advised on more than $500M of utility scale and C&I solar projects, largely to private industry, municipalities, school districts and water agencies. Before joining the company in 2020, Mr. Birndorf's industry career has included stints at Edison Energy, Valor Analytics, Sungevity Solar, Borrego Solar and AMSOLAR. He graduated magna cum laude from the University of Pennsylvania and earned his MS and MBA from the University of California at Berkeley. 


David Millar, Director of Energy Analytics, Ascend Analytics

David Millar is Director of Energy Analytics at Ascend Analytics. He leads Ascend’s consulting practice, providing utility clients with expertise in risk-based long-term resource planning and valuation. Previously, David worked at Pacific Gas and Electric, where he served as a Principal of Energy Modeling and Analysis. David led data analytics projects to guide company strategy on generation portfolio planning, energy storage valuation, and load and price forecasting. David previously worked in energy consulting with DNV GL and regulatory policy research at Lawrence Berkeley National Lab. He holds a master’s degree in Energy Economics and Policy from Duke University, and bachelor’s degrees in Earth Sciences and Political Science from the University of California, Santa Cruz.


Dr. Brent Nelson, Manager – Forecasting & Market Fundamentals, Ascend Analytics

Dr. Brent Nelson is a senior energy analyst at Ascend Analytics, providing utility clients with expertise in demand management, resource planning, and renewable integration. Prior to joining the company, he was an Associate Professor of Mechanical Engineering at Northern Arizona University, while also holding a collaborative appointment with the directorate of Scientific Computing and Energy Analysis at the National Renewable Energy Laboratory. Dr. Nelson also worked for the US Department of Energy from 2014-2016, focusing on technology research and development programs for energy efficiency and demand side management. He has extensive experience in energy technology and energy system modeling, with a focus on understanding the impacts of future shifts in technology adoption. Dr. Nelson has also consulted for several companies and universities on their energy and sustainability initiatives. In addition to 11 years of experience as an academician with a research focus in energy analysis, he holds PhD and MS degrees in mechanical engineering from Georgia Institute of Technology, and a bachelor‘s degrees in mechanical engineering from the University of California, Berkeley.


Supria Ranade, Senior Director of Power Marketing and Wholesale Operations, Lightsource BP

Supria Ranade is Senior Director of Power Marketing and Wholesale Operations at Lightsource BP. She has more than 12 years of experience in the North American power, gas, and environmental markets. Prior to joining Lightsource BP, she worked on structured transactions at Direct Energy, BGC Partners, and Evolution Markets. Ms. Ranade received her Bachelor of Science in Environmental Science, from Johns Hopkins University, a Master of Science at Columbia University. She currently serves on the Board of the Midwest Renewable Energy Tracking System (M-RETS).


ONLINE DELIVERY

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.