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UL is pleased to be sponsoring and attending:

Infocast's Wind Finance & Investment Summit 
February 6-8, 2018
Carlsbad, CA, USA



What’s New in Wind Project Due Diligence? 2018 and Beyond

Join us for our pre-conference workshop on February 6, 2018 from 7:30 AM - 5 PM. Stay ahead of the market and learn the latest trends, best practices and lessons learned in wind project due diligence.

Agenda
 

We would love to speak with you about your project and how our wind energy services can help.  Fill out the form below and we will contact you to set up a convenient time.

UPCOMING EVENTS

Wind O&M EU
Munich, Germany, 13 - 14 Feb. 2018

Grids Meets Renewables
Brussels, Belgium, 20 Feb. 2018

AWEA O&M and Safety
San Diego, CA, 28 Feb. - 1 Mar. 2018

Mexico Windpower
Mexico City, Mexico, 28 Feb. - 1 Mar. 2018 

Battery Japan
Tokyo, Japan, 28 Feb. - 2 Mar. 2018 

AWEA Siting & Environmental Compliance
Memphis, TE, 20 - 21 Mar. 2018 

Infocast Solar Finance & Investment
Carlsbad, CA 20 - 22 Mar. 2018

CONNECT WITH US

UL works with many of the world's most experienced renewable project developers/owners, investors and financiers. Our consulting services provide third-party independent assessment of projects throughout the renewable energy project lifecycle, from the early states of site prospecting to bankable energy reports for financing, construction,  operations, as well as throughout the value chain. For more information on solutions to support project financing, set up a meeting with us by filling out the form on this page. You can also learn how UL has helped mitigate renewable energy project risk by downloading our due diligence brochure.

UL and the UL logo are trademarks of UL LLC © 2018

7:30 – 8:30 AM Registration & Networking Breakfast
8:30 – 8:45 AM

 
 
Co-chairman’s Welcome -  
Gill Howard Larsen, Global Director, Due Diligence Services, AWS Truepower, a UL Company
Chris Ziesler, Global Director, Energy Services, AWS Truepower, a UL Company
 
8:45-10:15 AM



















 

Latest Developments in Energy Production Forecasts
 
With more historic data available, what have we learned and how are we accounting for our findings in future energy forecasts?  What other areas are we expanding and improving on methods? This session will explore some of the key findings from 2017 back cast studies and will also provide insights into new developments for energy assessment, including time series energy capture and the interaction between turbine suitability and energy production.
  • Back Cast study and energy methods update
  • Time Series energy capture
    • Accurate calculation of time-dependent losses
    • 8760 profiles uses and limitations
  • Understanding the link between suitability and energy production
 
Moderator:  Chris Ziesler, Global Director, Energy Services, AWS Truepower
Speakers:
  • Erik Hale, Director of Wind Assessment , EDF Renewable Energy
  • Kenneth Braun, Sr Manager, Wind & Site Engineering, Vestas
  • Carl Cho, Director, Citi, Corporate and Investment Banking
  • Stephen Lightfoote, Sr Renewable Energy Analyst, AWS Truepower, a UL Company
  • Matthew Filippelli, Principal Engineer, AWS Truepower, a UL Company
10:15 – 10:45 AM Networking Break

10:45 - 12:15 PM




























 

Repowering 1 Year Later – Lessons Learned
 
2017 was the year of the first major repowerings and these are expected to continue in 2018.  With the extension and four year phase out of the PTC, many asset owners decided to repower their aging wind projects in order to requalify for 10 more years of tax credits.  Significant investments were made to projects such as replacing rotors and nacelle components while retaining towers and foundations. In this session we will evaluate these types of projects, review how investors are viewing these types of assets and discuss what was learned from the past year. 
  • How is energy production forecasted from a repowered project using historic data and turbine upgrades?
  • Where are the interfaces between reused and new turbine technology and what are the key turbine technology risks?
  • How are reused towers and foundations analyzed and how do owners and investors get comfortable?
  • Where do repowering projects fit within the existing environmental, permitting and commercial contracting structures?
  • How long can we/should we extend the life of repowered projects for?
  • What were the most critical investor technical issues on the 2017 projects?
 
Moderator:  Jeremy Tchou, Director, Due Diligence Services, North America, AWS Truepower
 
Speakers: 
  • Dylan Reeves, Sales Director, GE Renewables
  • Luis Carbonell, Dept. Head, Mechanical Engineering, Siemens Gamesa
  • John Wycherly, Lead Developer, Leeward Energy
  • Jeremy Wacker, Vice President, Wind, Blattner Energy
  • Emil Moroz, Principal Engineer, AWS Truepower, a UL Company
  • Alireza Akhavan, Senior Civil Engineer, AWS Truepower, a UL Company
  • Nestor Castillo, Senior Electrical Engineer, AWS Truepower, a UL Company
  • Nicole Hughes, Senior Project Manager, Environmental and Permitting Lead, AWS Truepower, a UL Company
12:15-1:45 PM Group Luncheon

1:45-3:15 PM
 
M&A - How to succeed as a buyer and a seller for operating and greenfield portfolios and projects.
 
With a significant amount of capital in the market and capital recycling, the M&A market was strong in 2017 and we expect this to continue into 2018 as investors consolidate their portfolios, new investors enter the market and other investors monetize their assets. In this session, the panel will evaluate the technical aspects of due diligence supporting M&A from both the buy and the sell sides, and how to evaluate a large portfolio in 3 – 4 weeks.
 
  • What are the key technical drivers to valuation? 
  • What are the key technical items to review on operating projects compared to green field projects?
  • Where are the red flags, how are costs and technical assumptions validated, and where are areas for upside or downside?
  • How to take a portfolio approach and evaluate multiple projects in a limited amount of time with a limited budget – a step by step approach for success.
  • Why are site visits so important?
  • Do’s and don’ts.
 
Moderator:  Gill Howard Larsen, Global Director, Due Diligence Services, AWS Truepower
Speakers:
  • Berk Gursoy, Vice President, Business Development, Brookfield Renewable
  • Emily Cohen, VP of Commercial Strategy, Infinity Renewables
  • Bryan Mornaghi, Due Diligence Lead, North America, K2 Management
  • Evelyn Lim, Principal, Lim Energy Advisors
  • Alex Ellis, Partner, Excelsior Energy Capital
  • Colin Tareila, Director, Due Diligence Services, North America, AWS Truepower, a UL Company
  • Stephen Lightfoote, Sr Renewable Energy Analyst, AWS Truepower, a UL Company
  • David Coffey, Senior Turbine Engineer, AWS Truepower, a UL Company
 
3:15 – 3:45 PM Networking Break

3:45 - 5:00 PM

Technology Trends - Reducing costs in a competitive market
 
With the phase out of the PTC, impacts of tax reform and highly competitive power pricing, developers, OEM’s and operators have been reducing technical costs, increasing efficiency and extending life to ensure that wind projects get built.  The panel will explore the key technology trends behind the CAPEX and OPEX reductions and efficiency improvements we are experiencing in today’s highly competitive market and what we might expect to see in the next 2 – 3 years as we get closer to 2020.
 
  • With new developments in turbine technology, what turbines will be deployed in 2018 and beyond? Where are the key efficiency improvements, what are the risks and how will investors get comfortable?
  • What is driving the reduction in turbine CAPEX & OPEX costs?  How low can we go?
  • Reducing BOP CAPEX – the latest developments in turbine foundations as a key driver to BOP costs.
  • How is asset life being evaluated?  Is 30 years the new 20 years?
  • Wind and storage – what has been deployed to date and what do we expect to see?
Moderator:  Colin Tareila, Director, Due Diligence Services, North America, AWS Truepower
 
Speakers:
  • Ben Quinn, Technical Support, Vestas
  • Evgenia Golysheva, Head of Consultancy, ONYX Insight
  • David Balfry, Vice President of Technology and Energy Assessment, APEX
  • Whitney Wilson, Director, Technical Services, Brookfield Renewable
  • Alireza Akhavan, Senior Civil Engineer, AWS Truepower, a UL Company
  • Emil Moroz, Principal Engineer, AWS Truepower, a UL Company

5:00 PM
 
Co-Chairman’s Closing Remarks –
Gill Howard Larsen, Global Director, Due Diligence Services, AWS Truepower, a UL Company
Chris Ziesler, Global Director, Energy Services, AWS Truepower, a UL Company

 

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