09:00 - 09:30
- Strategic Shifts in Renewable Energy Procurement
- Cost, sustainability and reliability
- The impact on ESG – positive and negative
- Renewable energy as part of a much larger end goal
- How to win over boards
09:00 - 09:20
- How are individual countries’ policies shaping future battery markets?
- What incentives and support mechanisms are available?
- Insights into how investors view the battery storage market across various EU regulatory frameworks
- Which EU/UK markets look most attractive in 2024/5?
09:00 - 09:45
Energy Attribute Certificates (EACs) offer the possibility of 24/7 carbon-free energy and new revenue streams by trading them. This session will help you realise these opportunities by discussing:
- Demystifying terminology: EACs, RECs, REGOs....
- How more granular certificates would impact carbon accounting
- The liquidity of different types of certificates
- The differences for trading EACs in the EU, UK and global markets
- How to acquire EACs
- How to factor in the value of energy attribute certificates into PPA negotiation
- The value of EACs to energy buyers
Principal Policy Expert – Green Supply & Cap Derogations,
RECS Energy Certificate Association
Director for Carbon Neutrality and Renewable Electricity,
European Federation of Energy Traders
Regional Director Middle East & Central Asia,
I-REC Standard Foundation
09:20 - 10:00
With operating data now available to us, and the potential for batteries to cannibalise power prices, this session will give the audience the chance to hear some case studies into how batteries are performing.
- Exploring how batteries are generating revenue through grid services like frequency regulation and load balancing
- Comparing the financial performance of battery storage in various regions
- What are investors looking for in the next wave of battery storage opportunities
09:30 - 10:10
In 2023, we saw projects delayed due to supply chain bottlenecks and changing project economics, this session looks at how to approach a renegotiation of a contract and how parties can pull together to secure a win-win deal.
09:45 - 10:30
New regulatory frameworks, reforms and taxes are shaping renewable energy markets across Europe. This panel unpacks all this change and will guide on how to:
- Assess the consequences of new renewable energy price caps across different European jurisdictions
- Accurately readjust revenue forecasts and models to changes in market design throughout Europe
- React to the Review of Electricity Market Arrangements (REMA) in the UK market
- Design fair corporate PPAs for buyers and sellers in a time of regulatory uncertainty
10:00 - 10:30
- Achieving Expected Returns on a Collocated Battery
- How can you source finance at the right cost?
- How are people securing multiple routes to market
- Selecting the right battery!
10:10 - 10:30
The role of environmental certificates in enhancing the impact of PPAs is highlighted. Some PPAs do not embed energy prices, leading to a mix of fixed and floating rates. Certificates play a crucial role in determining the financial and environmental impact of PPAs
10:30 - 11:00
The flexibility of PPAs, especially for wind and solar operators, and hedging products traded at exchanges will be discussed. The focus is on enabling 24/7 power and balancing energy profiles through combinations of battery energy storage systems (BESS) and renewable energy sources (RES).
10:30 - 11:00
10:30 - 11:00
- Why commercial DG has lagged residential and utility-scale solar
- Benefits of onsite commercial DG versus offsite energy contracts
- Opportunities and frameworks for scaling commercial DG
- Real estate benefits/risks of commercial DG
- Key offtake and contractual considerations for commercial DG
- Development process and timing of commercial DG portfolios
- EPC pricing disconnects in DG
- Solutions for commercial DG
- Underwriting/investment considerations unique to DG portfolios
- Non-solar BTM opportunities
11:00 - 11:45
An increasing amount of renewable energy project developers and off-takers are being exposed to wholesale prices. This session discusses the approaches that can be taken to manage that price risk effectively by giving guidance on:
- The merits, drawbacks and liquidity of different financial instruments that are available to hedge risk when trading renewable energy
- Derivatives - options, futures and swaps
- How to gain flexibility from financiers to execute hedges quickly
- Hedging renewable energy in different time horizons
- Using software to value different hedging products
- Using CfDs as an energy price hedge
Head of Origination and Trading,
Senior Advisory Manager,
Director – Group Energy Projects,
Associate Director - Power Sales Europe,
Head of Power Marketing,
Managing Director, Power Markets,
Renewable Power Capital
11:00 - 11:30
11:30 - 12:30
- Credit and legal risks can hinder the signing of an offtake agreement. So how can these risks be mitigated and priced in a volatile market? This panel discusses how to approach this:
- What strategies are developers using to optimize revenue contracting?
- At what stage are developers approaching the market to secure offtake?
- How to use information on counterparties’ balance sheets, track record for fulfilling obligations and reputation for negotiating an offtake agreement
- Identifying the main legal risks when signing different types of offtake structures
- Best practice for calculating credit risk and implementing different credit enhancement strategies
- Methods to share and transfer risk between counterparties
- Which offtake structures mitigate price risk best?
- How to budget for price volatility?
11:30 - 12:10
- What impact on long-term profitability are different approaches having for the asset owner?
- The long-term viability and financial stability offered by PPAs to developers in a higher interest rate environment
- Is the merchant route right for your business? Exploring the advantages and challenges of selling power directly in the current market
- How much of your power should you across different routes to market to optimize revenue and reduce dependency on any one approach?
11:45 - 12:30
In these discussion groups, join with investors, generators, offtakers, consultancies and law firms as they discuss how different sectors and countries address renewable energy markets. Some points for discussion include:
- Regulations for power purchase agreements
- How energy prices are changing
- The appetite for energy storage technologies
- The need for reducing scope 2 emissions
- Managing merchant risk
- Hedging strategies
- Discussion Group One - Public Sector
- Discussion Group Two - IT, Data Centres and Big Tech
- Discussion Group Three - Warehouses
- Discussion Group Four - Hard-to-Abate Industries (Steel, Cement, Petrochemicals etc.)
- Discussion Group Five - Transportation
- Discussion Group Six - Other Industries
- Discussion Group One - UK
- Discussion Group Two - Nordics
- Discussion Group Three - Northern Europe
- Discussion Group Four - Eastern Europe
- Discussion Group Five - Central Europe
- Discussion Group Six - Southern Europ
12:10 - 13:00
- UK REGO prices fluctuated significantly in 2023, with a to prices to over GBP 20/MWh, what are the factors driving this increase and its impact on the renewable energy market?
- What could happen next? Are we expecting prices to continue to rise or to settle?
13:45 - 14:30
The price of renewable energy will vary with time as the weather, market design and the penetration of renewables changes. This requires different modelling approaches from organisations trying to predict the future price of renewable energy. Learn how Shell, Fortum and National Grid approach modelling the short, medium and long term prices and what their insights and predictions are for the future
Barclays Investment Bank
14:30 - 15:15
In an age of volatility in the energy market, should asset owners and corporates build their own energy trading and procurement teams?
- How much power should you be generating or acquiring to make it worthwhile to build your own trading or procurement team?
- What are the collateral and liquidity requirements for trading or procuring power on an exchange?
- What trading expertise and skillsets are needed to be trading and procuring power?
- What are the different benefits of outsourcing trading and procurement to entities like utilities, trading houses, aggregators or virtual power plants?
14:30 - 15:10
- How have banks’ credit committees responded the current inflationary environment?
- What new questions are now being asked of counterparties?
- What new offerings are available on the debt front?
14:30 - 15:40
In this session, the audience will be able to split down into distinct industry discussion groups, enabling an interactive session designed specifically with large energy buyers in mind. We will keep intros brief - around 2-3 minutes, have around 25 minutes for discussions then collect 1-2 key discussion points from each round table so that everyone in the room benefits from the learnings at the tables. FMCG (Fast-Moving Consumer Goods)
- Renewable energy strategies for high-volume, low-margin businesses.
- The impact of renewable energy on supply chain sustainability.
- Renewable energy options for manufacturing and distribution centers.
- Power Purchase Agreements (PPAs) and their financial implications.
- Balancing cost, reliability, and sustainability in energy sourcing.
- The feasibility of on-site vs off-site renewable energy solutions.
- Energy efficiency improvements alongside renewable energy adoption.
- Risk management in long-term energy contracts for data centers.
- The role of data centers in promoting grid stability through renewable integration.
- Innovative renewable energy technologies for uninterrupted power supply.
- Renewable energy's role in reducing the carbon footprint of operations.
- Customizing renewable energy solutions for different retail formats (e.g., malls, standalone stores).
- Impact of renewable energy on brand image and customer perception.
- Financial models for renewable energy investment in retail (leasing, ownership, PPAs).
- Collaborative projects for renewable energy in retail environments.
- Regulatory challenges and incentives in adopting renewable energy in retail.
- Renewable energy for fleet electrification and sustainable warehousing.
- Cost-benefit analysis of renewable energy investments in logistics.
- Overcoming logistical challenges in renewable energy infrastructure deployment.
- Partnerships and alliances for advancing renewable energy in logistics.
- Success stories of renewable energy in the logistics sector.
- Strategies for procurement of renewable energy.
- Public sector leadership in renewable energy policy and advocacy.
- Financing and funding options for renewable energy projects.
- Collaborative models between public and private sector in renewable energy.
- The impact of renewable energy on property values and market demand.
- Strategies for integrating renewable energy in new developments and existing properties.
- Financial incentives, tax benefits, and the legal framework for renewable energy in real estate.
- Emerging technologies and smart integration for optimizing renewable energy in buildings.
- Assessing environmental benefits and the role of real estate in community-scale renewable initiatives.
15:10 - 15:40
- What is the long-term outlook for power prices in Europe?
- Who is benefitting the most from the current high prices? (as of August 2022)
- How do utilities and traders’ price PPAs?
- How are corporate PPAs typically priced?
- Utility PPAs vs Corporate PPAs: key differences
15:15 - 15:20
15:30 - 17:15
Indirect emissions (scope 2 and 3) account for the largest proportion of total greenhouse gas (GHG) emissions. Scope 2 covers indirect emissions from the purchase and use of electricity, steam, heating and cooling. By using the energy, an organisation is indirectly responsible for the release of these GHG emissions. Scope 3 includes all other indirect emissions that occur in the upstream and downstream activities of an organisation. This Working Group will help participants develop strategies and connect them with the tools to measure and reduce these emissions. Join the discussion to learn how to:
- Encourage and facilitate suppliers setting up power purchase agreements (PPAs) for renewable energy therefore reducing scope 3 emissions.
- Use high-quality certificates such as Energy Attribute Certificates and certified emission reductions to reduce scope 2 and 3 emissions.
- Acquire good quality data that show the sources and quantities of emissions.
- Develop a culture of awareness for measuring and reducing scope 2 and 3 as part of a decarbonisation drive.
15:40 - 00:00