A multi-gigawatt renewables tender is on the cards for New York State with the announcement that NYSERDA is planning a minimum of 2GW of large-scale energy storage, solar and wind. Eligible projects will see 20-year subsidy contracts from the state. This pushes the state closer to its goal of 70% of power from carbon-free sources by 2030 and will see almost $3bn in fresh investment.
Sponsored by Marsh
As the Director of Portfolio Analytics at Ascend Analytics, Mr. Sahay regularly interfaces between project financing, project sponsors, and offtake. In this session, Mr. Sahay will describe current and emerging financial structures that are employed by equity and debt providers for hybrid and standalone storage financings. Mr. Sahay will provide overviews of typical financing “quilts” inclusive of 7x16 block structures, insurance-secured asset finance products, forward retail hedges, and the respective revenue components securitizing debt inclusive of Energy, RECs, and Resource Adequacy.
In 2021, the total value of M&A transactions in the global wind space almost doubled; from $106 billion in 2020 to $210 billion. How did 2022 compare?
Clean power producers lose up to 30% of revenue from curtailed energy they can’t sell back to the grid. The Inflation Reduction Act will add an unprecedented amount of renewable energy to the grid, but our transmission and storage capacity will lag far behind. While we wait for transmission build-out, flexible demand from data centers offers an immediately available and scalable solution to increase revenue for wind projects and prevent clean energy from going to waste.
This talk will give an overview of batchable computing and what benefits it can bring to wind farms.
As we see a shift in renewable power revenue models, there has been an emergence of novel approaches expanding access to new players. We have seen investor appetite grow with institutional investors much more willing to back projects at an early stage now than previously. We’ve also seen M&A activity as investors targeted a range of company types, sometimes avoiding assets exposed to power price risk. What’s next? To sustainably scale in this industry, revenue models must evolve to both account for growing demand and to future-proof against dynamic variables including fuel pricing, supply chain challenges, policy changes and local resistance. Hear from a panel of experts from across the spectrum who will challenge the audience to think about how to evolve their business models to build in more resiliency and show why business as usual won’t get the industry to the next stage.
Shared drinks reception with attendees from the collocated Solar & Storage Finance Summit
Share a drink with us, build relationships and meet new partners with an opportunity to discuss the day's events and digest the information delivered by speakers.