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

08:30 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
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
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

Session 2

11:25 Greenfield development
    After the retroactive cuts of 2013, greenfield development has taken a hit.
  • 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
12:00 Financing of merchant plants
    Merchant solar is all the buzz now. However, this comes with certain risks.
  • 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
12:30 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
13:00 LUNCH

Session 3

14:30 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
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

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
17:20 A vision for the future: Spain in 2030
    History in the making.
  • Renewable energy targets: is 35% 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