As we enter into 2020, this keynote panel discussion will look at what investors want from the market. We will ask: has solar become a commoditised and “safe” investment or is it an ESG play? Are the returns high enough for asset owners, and do we expect returns to remain high? Where investors might look for returns in the future: fixed assets versus digital businesses?
This session will include senior government representatives set out their ambition for the next wave of clean power. In the aftermath of highly successful auctions in Europe, the first net-zero policy commitment, COP25 and a public swing towards clean power, this session will ask:
- How will governments follow up on Horizon 2020?
- What commitments are needed from European member states and close neighbours?
- What mechanisms are useful to support industry growth after subsidies?
- What commitments will governments make until 2030?
The infamous 'duck curve' which shows negative power prices in California has been presented at least once in every conference since 2017 but is this the future of trading renewables in Europe? We are also seeing shorter terms for PPAs and, particularly in the corporate offtaker space, a reluctance to take on too much risk from buyers. How can project owners hedge merchant risk, and how will financial instruments and technology evolve to assist?
This session will look at CAPEX in 2019. What criteria are affecting projects? How are EPCs and developers making use of novel technology and how are funders and financiers supporting a reduction in CAPEX?
This rapid presentation will look at European solar policy, where the political will is growing, which markets are stable and how markets across the continent might grow.
As the UK government moves to enshrine the pursuit of a net zero economy into law, what is the possible impact on the solar industry? No specific provisions for solar have been announced so will the industry be reliant on the economics for unsubsidised projects to work?
The auctions in July in Greece were undersubscribed with around 200 MW of bids for a possible 300 MW tender. This session will look at why this might be, how subsequent auctions might play out and the market situation in Greece, home of a 2.6 GW PV industry with a 6.9 GW target by 2030. The Government has outlined plans for 1 GW of solar by 2020. This session will dig into the tender, and the future of solar PV in Greece.
What might the new administration have planned for solar? What has the impact of the tax withdrawal been on the market? Has the low-hanging fruit now been developed? Which parts of the market might be underserved for solar PV and how is the storage market growing?
10GW worth of bids were tabled for the 1.4GW PV tender, with 64 projects competing for 24 auction lots and the deadline was extended for a week with winners expected to be announced on the 10th August 2019. This session will examine the results, especially the pricing of the winning bids, and next steps in the process. With a storage tender expected in 2020. Portugal is one of the most active markets in Europe but do the economics work for investors?
Italy could award as much as €5.4 billion (US$6.05 billion) in subsidies to PV, onshore wind, hydro and others between 2019 and 2021 under a CfD scheme which will see the first round of bids for projects over 1 MW in September 2019. It is hoped this will boost capacity of PV to 50 GW by 2030. This session will look at the results of the first auction, winning bid success stories and the technology mix
Join the speakers from the UK, Greek, Spanish, Portuguese and Italian update sessions at focused round tables to end the day. This session will last for 40-minutes and will allow attendees to visit two round tables, each lasting for 20-minutes on a country of their choice.
How did 2019 compare to previous years in solar secondary markets? Who were the main dealmakers and what market trends can we infer from that?
- Asset prices – how are they holding up in Europe?
- Which markets were busier in terms of transactions?
- How is the market for unsubsidised projects shaping up?
This in-depth analysis will look at returns for European PV. What equipment failures should asset owners expect? How have power prices held up in different European markets and what other factors have affected the market? Are low IRRs sustainable over time?
This session will ask the question of how pension funds can take a bigger stake in renewable energy whilst protecting their fiduciary duty to investors. We will look at how funds have taken advantage in the infrastructure space, as well as what’s happened to money divested from fossil fuels and what’s competing with renewable energy for fund managers’ attention.
The European landscape is changing. Larger, well-funded investors are coming to the market from traditional energy and larger private equity funds but is their approach what the PV industry predicted? What are the implications for current owners of large PV portfolios and how might the market change in the future?
- Energy pricing risk
- Friends, partners or foes? How are new market entrants approaching the market?
- Are returns for European PV holding up?