5th EQ Cleantech Finance & Tech Summit (EQCFTS)
Session Formats Panel Discussion Audience Q&A & Interaction
Agenda Link -
22 February 2017 08:00 Onwards Registrations & Networking Begins
09:30 - 11:30 Inaugural Session Keynote Speaker Dr.Raman Nanda, CEO, SB Energy (SoftBank Group)* Keynote Speaker Mr.Kuldeep Jain, MD, CleanMax Solar Keynote Speaker Mr.Rakesh Tiwary, CFO, Adani Solar Guest of Honor C. Narsimhan, Ex. MP, Chairman-Raasi Group Chetan Sharma, President Finance & Strategy, Essel Infra Gaurav Sood, Managing Director, Solaire Direct
11:30 - 12:00 Networking Tea/Coffee Break
12:00 - 13:00 Track 1 Session on REWA Ultra Mega Solar Project Invited Ashvini Kumar, MD, SECI (Special Keynote Address) Manish Singhal, Head - Business Development (EPC), Mahindra Susten Harish Kapoor, Group President, Acme Brijesh Gupta, CEO Renewable Energy Business, AMPL Cleantech Pvt. Ltd. Pranav Mehta, Chairman, National Solar Energy Federation of India Kapil Maheshwari, CEO, Hinduja Renewables Pvt Ltd Rahul Prithiani, Director, CRISIL Research Vivek Bhardwaj, Jinko Solar
12:00 - 13:00 Track 2 Technology Session Nitin Sharma, Vice President - Business Head Solar & Energy Storage, Raychem RPG Rajendra Shrivastav, President AES India and Market Business Leader for AES Corporation Gurpreet Chugh, Consulting Director, ICF Consulting India Pvt. Ltd. Mahindra Susten Mayank Shah, CFO, Waaree Energies
13:00 - 14:00 Networking Lunch 14:00 - 14:45 Technology Session Amit Barve, Vice President – Business Development & Marketing, Enerparc Rahul Khatri, Technical Manager, DuPont Photovoltaic Solutions Ashu Gupta, Vice President – Corporate, Ujaas Energy Hiten G. Parekh, Head, Everest Solar
14:45 - 15:30 Technology Session Sachin Agarwal, AGM- Power Infra & RE, Godrej & Boyce Sachin Jain, Co-Founder & CEO, Oriano Solar Joy Saxena ED - Finance Vikram Solar Shailesh Vaidya, CEO, Scorpius Trackers Pvt. Ltd
15:30 - 16:00 Networking Tea/Coffee Break
16:00 - 16:45 Investment Banking & Equity Finance Rajnesh Trivedi, Senior Director - Sustainable Investment Banking, Yes Bank Arun Joshi, Senior Associate, Trilegal Pankaj Sehgal, Managing Director, SUN Group Balwant Joshi, Managing Director, Idam Infra Sanjeev Gupta, MD, Nexgen Financial Services
16:45 - 17:30 International Finance Anchit Gupta, Director - Business Development, Focal Energy Amit Mehta, Assistant Vice President, Greenstone Advisory Tarun Sharma*, Managing Director, New Enterprise Associates India Mukund Santhanam, Corporate Finance, Deutsche Bank AG Alipt Sharma, Principal, GEF Advisors India
23 February 2017
09:30 - 10:30 Developers Session 1 Manu Shrivastav*, Chairperson RUMS & Principal Sec. NRED, MP (Special Keynote Address) Bhanu Mehrotra*, IFC Advisor for RUMS (Special Keynote Address) Murali Subramanian*, COO, Ostro Energy (Special Address on RUMS) Vignesh Nandkumar, Vice President for Corporate Development for Asia Pacific, Terraform Global Norberto Cuenca Candel, Head of Business Development - South Asia, Enel Green Power India Ojasvi Gupta, Vice President – Commercial, Amplus Solar Punit K Goyal, Co Founder & Director, PLG Clean Energy Projects Karan Suri, Executive Director, Morgan Stanley Avinash Bapat, Chief Consultant - Renewable Energy, IL & FS
10:30 - 11:30 Developers Session 2 Prashant Khankhoje, Executive Director, Global Energy Private Ltd Rajsekhar Buddhavarpu, IL & FS Pratyush Thakur, COO, BLP Statkraft Anil Mehta Nikunj Ghodawat, Head – Finance, Cleanmax Solar Pradeep Patil, Head Business Development, Enrich Energy Anuvrat Joshi, Director, Cleantech Solar 11:30 - 12:00 Networking Tea/Coffee Break
Debt Financing Rakesh Kalsi, AVP, PTC India Financial Services Ashwini Kumar, Head – Credit Underwriting Cleantech, Tata CleanTech Capital Ltd Shreetama Ghosh, Senior Manager- Strategic Initiatives & Product, L&T Infra Finance Pawan Kumar Agrawal, Sr. President-Corporate Finance, YES BANK Ltd Arun Sarathy, Senior Manager – Wholesale Business, L&T Infrastructure Finance Kajal Kiran Kalanauria, Manager, SBI Capital Markets Rishi Agarwal*, Zonal Head- Project & Structured Finance, Aditya Birla Finance Karan Mitroo, Partner, Luthra & Luthra
13:00 - 14:00 Networking Lunch - UL Sponsored
14:00-14:10 Welcome & Corporate UL Presentation Suresh Sugavanam, Vice President & MD - UL South Asia
14:10-14:25 Overview of UL's Renewable Services Portfolio for Lenders & Developers Michael C. Browner, PhD, President & Chief Technical Officer, AWS Truepower LLC - a UL company
14:25-14:40 Risks/Challenges in Financing a Renewable Project Mukund Santhanam, Corporate Finance, Deutsche Bank AG Rajnesh Trivedi, Senior Director - Sustainable Investment Banking, Yes Bank Rakesh Kalsi, AVP, PTC India Financial Services Arun Sarathy, Senior Manager – Wholesale Business, L&T Infrastructure Finance
14:40-14:55 Asserting Bankability of a Renewable Project Gururajan Velu, Director, Technical, AWS Truepower - a UL Company
14:55-15:10 Effective Due Dilligence of a Wind Project Francis Suresh Balan, Senior Manager, DD, AWS Truepower - a UL Company
15:10-15:25 Technology Trends & Its Global Implications - Solar Project Sriparn Saurabh, Engineering Leader, Solar UL India Pvt. Ltd.
15:25-15:40 Achieving Financial Closure and Beyond: From Developers Perspective Chetan Sharma, President Finance & Strategy, Essel Infra Sandeep Jadhav, Head-O&M, Mahindra Susten Ashish Tiwari, Director (Operations) - Energon Rajsekhar Buddhavarpu, IL & FS
15:40-16:00 Q&A
16:00-16:15 Tea Break - UL Sponsored
16:15-16:55 Panel Discussion - Risk Assessment & Mitigation Prashant Sinha, Head Credit (Wholesale Banking) - L&T Finance R. K. Sharma, Vice President (Techno Commercial - Solar) - Elcomponics Pvt. Ltd.
16:55-17:00 Closing comments & Vote of Thanks Peeyush Gupta, Director - Sales & Marketing, UL South Asia Tentative Speakers Steffano Sommadossi*, Founding Partner & CEO, Nexcentrica Capital Partners
Discussion Topics
New & Current Topics 1 Green Bonds....Case Study of Renew Power Raising through 6% Green Bonds 2 Debentures...Tata Raising Rs.1200 Crores @ 8% for Welspun Solar Assets Technologies...New Technologies : 1500V , PERC, HJT, Glass-Glass, N Type Cells / BiFacial Cells, IBD cells, 400WP 3 Modules, Multi Bus Bar, Perovskite Solar Cells etc... 4 Trade Wars...Recent EU Case of withdrawing Anti Dumping Duties against Chinese Solar Panels/Cells 5 Operation & Maintenance, Asset Management, Trackers...Case Studies, Scenerio of Falling Module Prices and changing technologies..., O&M, Yield Analysis in 6 various states, Capex, Different Players & Technologies, Ecosystem Required. 7 Transmission & Evacuation of Solar Power...Green Corridors 8 Analysis of Post Budget Implications and Further expectations from the Government 9 Section 80 IA withdrawal
Rooftop Solar 1 Key trends, opportunities & challenges in upscaling & mainstreaming rooftop solar energy 2 Policies & regulation of SECI, central & state government 3 Net metering, gross metering, grid infrastructure for grid connected projects Learn about various business & finance models and various aspects such as return expectations, risks, 4 insurance, lending, etc. 5 Technology & project showcase, case studies, evaluation of operational projects, O & M Off grid solar applications such as solar water pumping, home lighting, rural & agriculture applications, 6 gadgets, mini & micro grids 7 Energy storage : technology, costs, performance, trends 8 Solar PV diesel hybrid systems & technologies, markets 9 Solar power in public sector, defense, off shore areas
Electrical Energy Storage (EES) What is the Need & Importance of Electrical Energy Storage (EES) Technologies in India and specifically in 1 reference to Renewable Power Generation 2 What is Expected from Government to promote EES in India 3 What kind of ecosystem is needed to promote manufacturing of EES in India 4 What are the various applications, advantages, disadvantages of ESS 5 Kindly comment of Energy Storage as a game changer, its technology, cost trends…etc… 6 What are the various technologies & types of Energy Storage Systems 7 Cost of Solar + EES in next 3 years will hit grid parity in next 3 years ... Do you agree 8 What is the cost and technology roadmap for ESS in short term, medium term and long term 9 Kindly share any noteworthy EES project, case study etc... 10 Feel Free to add / modify / delete / raise any question
INVESTORS PERSPECTIVE 1 What do investors seek for when looking to invest in renewable energy projects? 2 What factors determine bankability (like developer, technology, geography)? 3 Returns required by investors 4 What are the investment timeframes of large investors? 5 Their perception to risks like – PPA risk, regulatory and policy risk, technology risk, construction risk INTERNATIONAL FINANCING 1 Regulatory barriers 2 Hedging Forex risks and its related high costs. 3 Types of financing structures needed 4 How can we mitigate cost of currency swaps and country risk to make foreign lending more attractive? 5 Foreign lending – general terms and conditions
COMMERCIAL BANK LENDING Problems faced by small and foreign developers in raising debt financing as relationships play strong role in 1 Indian Banking Are banks nearing their renewable energy sector exposure limits (which is clubbed with power, utility or energy sector limits) due to major exhaustion by conventional power projects financing? And should we consider 2 enhancements for future? 3 Should renewable energy sector exposure limits be decoupled from the power or energy sector? Banks limit their exposure to the sector due to unfamiliarity with renewable energy policy and markets. Way 4 forward?
POLICY MATTERS Poor finances of State electricity boards (SEB) and its impact on renewable energy financing in those states like 1 Tamil Nadu, Uttar Pradesh, Bihar (despite of good renewable energy potential) 2 Elevated risk free rates due to high government borrowings – leading to increased costs of debt 3 Positive impacts of accelerated depreciation benefit and 10 year tax holidays. 4 Concessional Excise and Customs duty – how much will it benefit the industry? 5 WTO Rules – local vs. international sourcing; anti-dumping duty and solar trade wars
DEBT FINANCING 1 Problem of low availability of long tenor debts leading to significant increase in cost of debt Weak corporate bond markets due to – government regulations, under developed financial market of India and 2 hence, low liquidity, 3 Do we have enough availability to finance the renewable energy potential of the country 4 Non-recourse financing vs. Balance Sheet Financing
DEVELOPERS PERSPECTIVE 1 Challenges faced by them in procuring the right finance 2 How accessible are pension funds and private equity as alternatives to banks? 3 New financing Models and their perception on it 4 Problems faced due to unavailability of fixed interest debt 5 Access to foreign lending 6 Raising finance through green bonds, debt funds 7 FIT vs. REC vs. Competitive biddings
PATH FORWARD FOR RENEWABLES 1 Do we have sufficient resources to finance the ultra mega projects? 2 Solar cities and green energy corridors – Vision and the way to finance it 3 How are micro-grids and roof top installations being financed? 4 Finance design required to provide long term and lost cost debt 5 Indian grid is ageing – new technology offers and ways to finance it 6 Case studies and international comparisons – US, Europe, Brazil, China 7 Thinking and developing methods beyond traditional financing