PRE-CONFERENCE PROGRAM /// 13 MARCH 2019
19:30 Pre-conference networking dinner with tapas and music!
(additional registration for the dinner is required)

ANA LA SANTA
Plaza de Santa Ana 14
DIRECTIONS

CONFERENCE PROGRAM /// SOLAR MARKET PARITY SPAIN /// 14 MARCH 2019

8:30 REGISTRATION & WELCOME COFFEE

Session 1

09:00 Introduction & opening words
09:15 The sun shines on Spain, without subsidies: State of the Market
    This session will provide a big-picture view of the current state of affairs of the Spanish solar market.
  • What has happened since the retroactive tariffs of 2013?
  • What does the future of subsidy-free solar look like?
  • A political, economical, social and technological perspective
JOSÉ DONOSO /// PRESIDENT - UNEF
José Donoso has a Bachelor's degree in Economics.
He has been working in the Renewable Sector for more than 30 years.
He started off in the Institute for Energy Diversification and Saving (IDAE), where he was the director of the International Department between 1987 and 2001.
From 2001 until 2011 he was Development Director in Gamesa, a Spanish Wind Energy company. Between 2008 and 2011 he was the president of the Spanish Wind Energy Association (AEE).
In 2012 he becomes General Director of UNEF (Spanish National Photovoltaic Association). He is also President of the Spanish Photovoltaic Technology Platform (Fotoplat) and Member of the Advisory Council of the Organization of Electricity Market (OMEL).
At international level, he is member of the Task 1 of the International Energy Agency and Vicepresident of the Global Solar Council.
Besides, he is professor in the post grade course in Wind Energy of the University Polytechnic of Madrid and in the Master Course of the Industrial Organization School.
JOSÉ DONOSO
PRESIDENT /// UNEF
09:40 Wholesale electricity prices projections in Spain
    Market parity is achieved partly by the wholesale electricity prices. In this session we’ll aim to uncover the key drivers for these prices in Spain.
  • The effect of the connected Iberian market, higher or lower?
  • Will solar cannibalize on its own success?
  • Key drivers and current trends
  • The carbon price and natural gas effect.
  • Outlook for the future
KIM KEATS/// DIRECTOR - EKON
Mr Kim Keats is a Director at EKON (www.ekonsc.com). Kim started his career in economic consulting at London Economics in 1995 and joined the new London office of ICF International in 2000. Joined IPA Energy + Water Economics in 2007 developing and leading the transaction team based in London until the end of 2014 when he relocated full time to Madrid. Set up the market advisory team at K4K (www.k4kadvisory.com) and linked up EKON as Director for modelling. His primary focus on the preparation of market studies to support and inform financing, refinancing, IPOs and M&A of power, fuel and water desalination projects in Europe, Middle East, North Africa, Asia and the Americas covering both conventional and renewable generation technologies on behalf of major international project developers, financiers and fuel suppliers. Over the past 17 years, Kim has supported the successful completion of 47GW and 471MIGD of capacity with a transaction value of more than USD32 billion. He has worked in Spain since 1998 advising on a variety of thermal and renewables projects and for different clients.
KIM KEATS
DIRECTOR /// EKON
10:00 Auctions as the solar catalyzer
    More than 4 GW of solar have been awarded in the latest auctions. What is the status?
  • Will they be connected before Dec 31 2019?
  • Status-quo of awarded capacity
  • How to avoid the most common technical and financial hindrances?
  • M&A opportunities
10:25 COFFEE & COOKIE BREAK
Sponsored by:

Session 2

11:25 Greenfield development
    Even after the retroactive cuts of 2013, greenfield development has continued in Spain.
  • A new model without subsidies
  • Which geographical areas show the most promise?
  • Securing the right land and permits
  • Implications of unsubsidized era to greenfield development
  • Exit opportunities
BEATRIZ LLORENTE /// HEAD OF M&A AND FINANCIAL ADVISORY - VECTOR CUATRO
With more than eight years of experience at Vector Cuatro, Beatriz Llorente is globally responsible for the transaction team. She has participated in sales analysis, acquisitions and financing of green energy installations with a total of 4 GW. Beatriz started in the company as the responsible in the reporting department for clients and financial entities of all the projects managed by Vector Cuatro.

Prior to joining Vector Cuatro, she began her career as an investment analyst in N+1, one of the most important venture capital companies in Spain.

MODERATOR
BEATRIZ LLORENTE
HEAD OF M&A AND FINANCIAL ADVISORY /// VECTOR CUATRO
MICHELE APPENDINO /// CHAIRMAN & CEO - SOLAR VENTURES
Graduated from Polytechnic of Turin in Italy with an Electronics Engineering degree; MBA from INSEAD business school (Fontainebleau, France). Worked with Andersen Consulting in Spain and with FMC in California (US). Michele was then a Senior Engagement Manager with McKinsey & Company, in the Milan office (92-96). During this period he was part of the media, retail and fashion practice. In 1997 Michele co-founded Net Partners Ventures, the first venture capital company in Europe focusing exclusively on internet companies, 215 million raised, 30 investments, highest IRR in Europe in the sector, 5 invested companies floated (e.g. Mutui Online and Yoox in Italy). In 2005, Michele founded A.M.E. Ventures, an investment holding focused on early stage companies, which counts several investments at day. AME Ventures has controlling stake in Solar Ventures, which represents Michele's main activity, where he is directly involved as Chairman and CEO. Solar Ventures is an IPP and developer focused on developing, building , financing and managing utility scale PV plants globally, with a strong expertise in Italy, Europe and Emerging Markets, where it has been active since 2007. To date it has developed globally 500 MWp of solar power plants, with more than 280 MWp of plants in Europe. The company stands today as one of the few integrated solar platforms operating in southern Europe.
MICHELE APPENDINO
CHAIRMAN & CEO /// SOLAR VENTURES
BENEDIKT ORTMANN /// HEAD OF BUSINESS AND MANAGING DIRECTOR - BAYWA R.E.
Since 2003, Benedikt Ortmann, PhD, dedicates his career to photovoltaic projects all over the world. Before joining the team at BayWa r.e. in 2011, he built the international project business for SOLON SE, Berlin, from scratch and turned it into a successful and highly profitable business division. His career in the renewable energy business started at S.A.G. Solarstrom AG, Freiburg, where he was CFO from 2003 until 2006.

BayWa r.e. Solar Projects GmbH is one of the TOP 10 solar development companies worldwide, providing greenfield development, turnkey construction, O&M, financing and sales of photovoltaic power plants. The company has installed a solar capacity of more than 1 GW and is a subsidiary of BayWa r.e., a part of the BayWa AG.

Expertise in the renewable energy business
  • Project management
  • Financial engineering
  • Project acquisition and sales
BENEDIKT ORTMANN
HEAD OF BUSINESS AND MANAGING DIRECTOR /// BAYWA R.E.
FLORIAN EDLER /// HEAD OF SPAIN - ENERPARC AG
Since 20 years Florian Edler is involved in the photovoltaic industry. With an engineering background he started in an internationally active system integrator and gathered first experiences in the Spanish market between 2002 – 2006. In 2012 he joined Enerparc and since 2017 he is - based in Madrid - responsible for its activities in Spain focusing on development, implementation and operation of large photovoltaic power plants.
FLORIAN EDLER
HEAD OF SPAIN /// ENERPARC AG
12:00 The beginning of Corporate PPAs
    Corporations to the rescue? In this session we’ll explore how corporates can act as offtakers in Spain and what are the common roadblocks.
  • Corporate appetite to closing long-term PPAs
  • What needs to change to allow for more corporate PPAs?
  • How to copy other countries’ models
  • The importance of the bankability of the offtakers
  • Synthetic vs. physical PPAs
  • What can we learn from wind corporate PPAs?
12:20 Financing of truly hybrid transactions (merchant + PPA)
    Merchant solar is all the buzz now. However, this comes with certain risks. Can this be minimized with hybrid configurations?
  • The role of banks and institutional investors
  • Is merchant a viable business model in the long run?
  • Regulatory concerns for setting a merchant solar plant
  • The combination of a PPA with a merchant tail
  • Are there enough PPAs for the projected growth?
MANUEL CABRERIZO /// PARTNER - VOLTIQ
Manuel Cabrerizo has more than 20 years international experience in structured finance and investment banking gained with Voltiq and WestLB, globally. During that time he has closed more than 50 financings across sectors and jurisdictions. At Voltiq, he has been particularly active in structuring renewable energy transactions in Spain, Italy, Brazil, Chile and Panamá. He's been involved in landmark transactions such as the project financing of the 146 MWp Laberinto project in Chile's Atacama desert, closed in the summer of 2015.
MODERATOR
MANUEL CABRERIZO
PARTNER /// VOLTIQ
JOSEP MONTAÑES/// HEAD PROJECT & ASSET FINANCE - BANCO SABADELL
A short bio will follow soon...
JOSEP MONTAÑES
HEAD PROJECT & ASSET FINANCE /// BANCO SABADELL
PETRI ISOTALUS/// INVESTMENT DIRECTOR - TAALERI ENERGIA
Petri is Investment Director and a Board Member of Taaleri Energia. He has 15 years of experience in renewable energy (including industrial-scale solar projects) and cleantech investments across Europe and emerging markets. He has Board and Advisory committee experience from renewable energy companies and investment funds.

TAALERI ENERGIA
An energy infrastructure investor and developer
  • Taaleri Energia develops, invests in and manages utility scale wind and solar assets
  • We currently manage a 1 GW portfolio of wind and solar assets in Europe, the US and the Middle East
  • Taaleri Energia is currently investing its fourth renewable energy infrastructure fund
  • Taaleri Energia is part of Taaleri group, listed on Nasdaq Helsinki, with 6 billion EUR under management
www.taalerienergia.com
PETRI ISOTALUS
INVESTMENT DIRECTOR/// TAALERI ENERGIA
JÖRG HAHN/// HEAD OF SPECIALISED FINANCE - BANKIA
Based in Madrid, Jörg Hahn is Head of Structured Finance at Bankia and responsible for the origination, structuring, execution and distribution of Project and Asset Finance transactions. Jörg has 20+ years of experience in banking with more than 15 years experience of project and structured finance. He joined Bankia in 2006 as a Senior Poject Manager in the Energy & Environment Project Finance team with a focus on the financing of energy projects in Spain, Portugal, Eastern Europe and the Americas. Prior to joining Bankia, he spent 10 years with WestLB where he started his banking career holding various positions, mainly in credit risk management and structured finance, in Germany, Madrid and London. Jörg has experience on a wide variety of projects in the energy and infrastructure sector including conventional power, renewable energies (wind, solar PV, CSP), waste to energy, oil & gas, mining, water as well as transpotation and social infrastructure.
JÖRG HAHN
HEAD OF SPECIALISED FINANCE/// BANKIA
13:00 LUNCH
Sponsored by:

Session 3

14:30 No stone left unturned: structuring PPAs in Spain
    PPAs are considered the cornerstones in many market parity projects. What makes Spain a unique case?
  • Key things to know about PPAs in Spain (ITC/400/2007)
  • Physical and virtual PPAs possibilities
  • Experience and first-hand lessons
MIGUEL MARROQUIN /// MANAGING DIRECTOR - OUR NEW ENERGY
A short bio will soon follow...
MIGUEL MARROQUIN
MANAGING DIRECTOR /// OUR NEW ENERGY
VERÓNICA ROMANÍ /// PARTNER - GÓMEZ ACEBO & POMBO
A short bio will soon follow...
VERÓNICA ROMANÍ
PARTNER /// GÓMEZ ACEBO & POMBO
15:10 Grid considerations for a solar-powered future
    Solar growth is constrained by grid limits. In this session we’ll explore Spain’s grid and its impact on solar deployment.
  • 2-3 GW/year for 15 years, how feasible is this?
  • The effect of the Iberian-EU market integration
  • Where will the capacity be?
  • Will the grid be a limiting factor in the development of solar?
15:40 COFFEE & COOKIE BREAK
Sponsored by:

Session 4

16:40 Investing in Spain: opportunities and challenges
    Money matters. In this session, investors will engage in a well-rounded discussion about what is needed to invest in Spain.
  • Is solar becoming a margins game?
  • Green bonds and other sources of capital
  • 7.800 million EUR investment in 2018. What to expect in 2019?
ELOY MÁRQUEZ SANZ /// INTERNATIONAL ENERGY DIRECTOR - ONTIER
Bachelor in Industrial Engineering from the Pontificia de Comillas University of Madrid - I.C.A.I., Eloy has extensive experience in business development and purchase of assets in the national and international energy sector. He began his professional career in the consulting and auditing department of renewable energies of the law firm Garrigues. Later he moved to South Africa as head of business development for the company Gestamp Solar, a company where together with the development team he carried out the opening of new markets such as South Africa, Thailand, India, MENA or Japan. After his activity at Gestamp Solar, Eloy played a fundamental role in the landing of the American company Acuity Brands in emerging markets in the energy efficiency sector such as the Czech Republic, Morocco and France. Eloy joins the international area of ONTIER in September 2015 as an energy consultant to carry out the business development tasks of the firm at an international level.
MODERATOR
ELOY MÁRQUEZ SANZ
INTERNATIONAL ENERGY DIRECTOR /// ONTIER
JOSÉ ANTONIO URQUIZU /// PARTNER - EVERWOOD CAPITAL
José Antonio is Founding Partner at Everwood Capital, leading Spanish private equity manager investing in Renewable Energy and SMEs with over €200m in assets under management. José Antonio has a leading role in deal execution, monitoring and fundraising within Everwood having led over 15 solar transactions and financings over the last years and having participated in the successful fundraising of 4 solar funds. José Antonio has c. 20 years’ experience in private equity and private debt having worked previously for Goldman Sachs Special Situations Group in London, where he led the Spanish team focusing on private debt and renewable energy opportunities. Prior to Goldman Sachs he worked as Director for c. 10 years at Portobello Capital, leading Spanish LBO firm. José Antonio holds an MBA by INSEAD and Economics and Law Degrees by ICADE.
JOSÉ ANTONIO URQUIZU
PARTNER /// EVERWOOD CAPITAL
MANUEL CRESPO /// MANAGING DIRECTOR - ABO WIND
Experiencia directiva y una alta especialización en negociación desde el año 1998. Desde comercial, pasando por Delegado de Zona y llegando a Director General de la filial de una gran empresa alemana de energías renovables como es ABO Wind. Ponente en conferencias ante grandes auditorios. Profesor en cursos de negociación. También con la imprescindible vivencia de la creación de una empresa propia. Comprometido con la mejora de la sociedad desde su posición de patrono de la Fundación IDEC presidida por César Pérez de Tudela. Ingeniero Industrial con formación en Dirección General, Master en Recursos Humanos y organización del trabajo, comunicación no verbal (microexpresiones y emociones) y detección de la credibilidad por la escuela de Paul Ekman y con una gran capacidad demostrada de adaptación a nuevos entornos.
MANUEL CRESPO
MANAGING DIRECTOR /// ABO WIND
17:20 A vision for the future: Spain in 2030
    History in the making.
  • Renewable energy targets: is 32% achievable?
  • What will be solar’s role in this new scenario?
  • Will Spain reach an annual GW market?
17:40 Closing comments
17:50 DRINKS & BITES