THE GLOBAL RENEWABLE ENERGY BUSINESS

Transcription

1 IE Social Impact Series The global renewable energy business THE GLOBAL RENEWABLE ENERGY BUSINESS Be ahead of the energy future 5-Day International Executive Program June 23-27, 2014 Madrid, Spain

2 THE GLOBAL RENEWABLE ENERGY BUSINESS Be ahead of the energy future Location: IE Business School Campus in Madrid, Spain Duration: 5 days, 9am-6pm Classes: 20 face-to-face sessions, site visits, roundtable & networking event Investment: Overview Our economic future is going to be supported by an energy system that will be increasingly based on renewable energy technologies. Much of it will be for electricity production but there will also be a significant growth of second and third generation biologically produced liquid fuels for transportation applications. This move is already creating major business opportunities across continents, with some countries more advanced than others. For example, Spain is already producing around 40% of its electricity using renewable energy sources, and its solar projects and that of Italy are paving the way for such projects in Northern Africa. Germany now has more than 17,000 MW installed of solar capacity. Even the USA that has been slow in catching up with the trend, is today hosting massive solar and wind projects. But renewable energy projects are no longer just in the realm of developed countries. Today China leads the world in newly installed energy capacity and India s Rajasthan might become a key center for Concentrated Solar Energy projects. Even Latin America is finally showing increasing activities with countries like Brazil, México and Chile leading the way. The first of the new IE Social Impact Series, The Global Renewable Energy Business program will facilitate participants entry or growth in this thriving, environmentally beneficial sector with five days of intense, interactive sessions, a round table and networking event with experts, and site visits to energy farms and control centers in Spain.

3 IE Social Impact Series The global renewable energy business Program objectives The program aims to: 1) Help course attendees understand the dynamics of the renewable energy sector from a global perspective, jumping into many examples derived from the most active markets today. 2) Provide enough business, regulatory and technological background as to: a. Facilitate their entry, shift or growth in the renewable energy sector. b. Aid and encourage them to deepen in specific aspects of the business, technology- or geography-wise. The program is designed so that any interested person, irrespective of his/her former academic training, could easily follow the sessions and actively participate. At the same time someone in the industry could gain significantly greater insight into the broader industry. While not a technical course but a business course, the program will cover some technology issues, as technology is a key driver of the renewable energy business and the basic concepts and trends need to be understood. Participant profile The program is designed for: Energy executives in the non-renewable technologies field: As an entry tool to the sector that will help them understand business opportunities and technology trends, and learn how to migrate into the renewable field. Mid-level managers in the renewable energy sector: to expand their views and take the global perspective and/or explore other areas and technologies in the sector. The financial community: for them to understand how renewable energy projects are set up and what risks and opportunities are involved, in order to effectively evaluate investment viability. Lawyers: to identify opportunities for taking part in the business processes. The media: to know more about what is real and not in the field and to get first-hand quality information about the sector. Equipment suppliers: to understand the trends in the business and spot new opportunities. Public officials in the energy field: to understand what is happening in this sector in the most advanced countries and identify the most effective policies. Other parties interested in entering or strengthening their foothold in the Renewable Energy field. 3

4 Content The program adopts a global perspective, providing an overview of the renewable energy sector worldwide. It will cover a variety of technologies applicable to electricity generation (solar, wind, geothermal, biomass) and transportation applications (biofuels). As the scope of the course is wide, the goal is not to become experts in any of the mentioned technologies but rather to acquire a sense of what matters and what does not, an ability to detect business opportunities, and even to identify dead ends in the sector. The program is organized in three main blocks: 1) General issues applicable to all technologies. These include regulatory issues, electrical grid interconnection issues, incentives, demand structure and trends, and financial and legal issues. 2) Technology by technology review. The second part of the course brings specific business, technical, logistical issues pertinent to each of the main technologies in the renewable energy sector today: solar, wind, biomass, biofuels and geothermal. 3) In practice. Participants will visit a wind farm, a solar photovoltaic farm, and the energy control center in Spain for firsthand experience. The program will then end with a roundtable and networking event with top company representatives. Structure DAY 1: The framework to operate in the renewable energy sector 4 Session 1: Understanding the energy demand: Energy in the economic context The economics of renewable energy vs. traditional sources How do we compute the cost and price of renewable energies? Are renewable energies competitive on a micro scale? What is the macro-economic assessment of renewable energies? What are the political aspects of the energy market, fossil, nuclear, and renewable? Trends: Winners & losers Market structure Clients & competitors Sessions 2 & 3 Setting up a sample renewable energy project plan: permitting, technical and financial steps Where can value be created? What are the business opportunities? Examples of business models Sources of competitive advantage Sessions 4 & 5 A critical set-up: connecting your project to the electrical grid -- grid integration issues Integration of renewable electricity projects into the distribution and transmission grids The case of Spain: a success story The demands of grid operators and the technology to comply with them DAY 2: Projects in practice: The do s and don ts (I) Session 6 Renewable energy policy and regulatory environment Systems of economic retribution and incentive for renewable energy - Electricity - Biofuels for transportation The European framework: Selected examples The US framework What is happening in the rest of the world? Session 7 Energy Storage Systems How to respond to the challenges of grid operators Sessions 8 & 9 Wind energy projects: A mature technology which can still progress

5 IE Social Impact Series The global renewable energy business DAY 2: Projects in practice: The do s and don ts (I) Key technical and technological issues: onshore & offshore Session 10 Geothermal energy projects: Cheap available resource for all Key technical and technological issues: onshore & offshore DAY 3: Projects in practice: do s and don ts (II) Sessions 11 & 12 Photovoltaic Solar energy projects: A revolution is taking place Key technical and technological issues: PV, CPV Session 13 Concentrated Solar energy projects & technologies: Old technology coming back Key technical and technological issues Session 14 Biomass energy projects: Making biology work for you Key technical and technological issues: onshore & offshore Session 15 Biofuels energy projects: The transportation piece Key technical and technological issues Regulatory drivers 5 DAY 4: Site Visits Wind Farm Photovoltaic Solar Farm Red Eléctrica de España Control Center of Renewable Energies (CECRE) DAY 5: Finance & Legal Issues, Business & Action Plan, Roundtable & Networking Sessions 16 & 17 Finance issues Renewable Energy Projects finance mechanisms: project finance, leasing, corporate loans Project finance process: - Bank due diligence and loan contractual terms - Risk assessment and control - Typical economic conditions and project management issues - The role of lawyers and technical advisors in energy project finance - Cash flow management, guarantees & other requirements Examples Session 18 Legal issues The respective roles of in-house counsel and external counsel The legal environment of the host country The main contractual arrangements Impact of financing on legal structures Session 19 The Renewable Energy Business: Putting it all together Painting the full picture of the sector coming from the topics taken up throughout the course Building a business/action plan Key takeaways Roundtable and Networking Event Q&A with industry experts/representatives from top companies Networking cocktails

6 FACULTY (List to be updated) Carlos Garcia Suarez, PhD Program Director Director, Renewable Energy Division of Typsa Group Associate Professor, IE Business School & IE University Executive MBA, IE Business School Fulbright and Post-Doctoral Fellow at UC Berkeley PhD and Master in Engineering, Universidad Politécnica de Madrid Emilio Lopez Carmona CEO of Gestamp Biomass 20 years of international experience in the biomass energy conversion field Advisor to various administrations in the development of sector policies Professor in the Master of Energy Business of the Spanish Energy Club Director of the Spanish Bioenergy Association (AVEBIOM), a subsidiary of the European Bioenergy Association 6 Christoph Schmid CEO and Founder, Bio-Oils Energy Founding Partner, Jazztel CFO, Grupo Lar S.A. Senior Associate, McKinsey & Company Master of International Business and MA in Law and Diplomacy at Fletcher School/Harvard Business School (USA) José Ángel Diaz Director of Engineering and Construction for Europe, EDP Renewables Over 15 years experience in the electric power industry Lecturer at the University of Oviedo (Master of Electrical Energy Conversion and Power Systems) and EDP Renewables Corporate University MSc in Industrial Engineering and a post graduate at Escuela de Organización Industrial Javier Santos Partner, Head of Litigation & Regulatory, Head of Energy, and member of the European Energy Working Committee at DLA Piper a global law firm Substantial experience in project finance work in the energy sector, in international arbitration in relation to gas supply contracts, and in advising numerous energy projects in Latin America, Africa, Middle East and East Europe Listed among the best energy lawyers in Spain by Euromoney Legal Media Group s Guide to the World s Leading Energy Lawyers, and appointed Leading Lawyer by the IFLR 1000 international directory

7 IE Social Impact Series The global renewable energy business Daniel Machuca Vice-President at Banco Santander, Project & Acquisition Finance in Europe, Power & Renewable Energy Wide experience financing energy transactions in different geographies under Project Finance on a non-recourse basis, including on-shore and off-shore wind farms, offshore transmission assets, and Mini-Hidro Former Senior Auditor, Deloitte Speaker in several Energy Summits in Spain, UK and US (Infranews, Infocast, ESDEN, Club Español de la Energía, Unidad Editorial) MSc in Industrial Economy and BSc in Business Administration from Universidad Carlos III de Madrid Inocencio Figaredo Vice-President at Banco Santander, Project & Acquisition Finance in Europe, Power & Renewable Energy Vast experience in finance and advisory in the energy sector with special focus on the renewable side (PV, CSP, Wind) as well as conventional power Speaker and professor in several forums (GCL, Club de la Energia, ESDEN, IFAES) BSc in Business Administration and Law Degree from ICADE Universidad Pontificia de Comillas (E-3) Company Valuation Certification from Instituto Español de Analistas Financieros Raúl Hidalgo Operations Director at Petratherm Spain Board Member of the Renewable Energy Association of Spain (APPA) Board Member of the Spanish Geothermal Technology Platform (GEOPLAT) Fellow Member of the Society of Economic Geologists (SEG) 7 Luis Trijueque Technical Director, Solar Energy Business of Typsa Group International experience in a wide range of solar technologies; expert and project director in the audits, design, supervision and operation of more than 30 solar plants and almost 200 MW worldwide in the last three years Former Project Manager, Ibereolica (wind farms company) Speaker in University of Castilla La Mancha, Master in Renewable Energy MSc Industrial Engineer, specialized in Mechanics-Machines, Polytechnic University of Madrid; MSc Management of Production, Technology and Operation, ICADE, Madrid Guest speakers Representatives from Abengoa, Gamesa, Canadian Solar, and other top Companies will be invited for the Roundtable and Networking event.

8 Details 8 REGISTRATION FEES Special Concessions CONTACT You may register online by going to our website: internationalprograms, proceeding to the program s webpage, and clicking on the Register now button on the right-hand side. Once your registration is received, you will be contacted by IE staff to confirm your inscription. The program investment is 5.300, which covers tuition, course materials, transportation for the site visits, networking cocktails, and all coffee breaks and lunches for all five days of the program. Concessions are available for IE alumni, groups of executives attending from the same organization, participants registering for more than one program, early-bird inscriptions, and other cases. Krysta Martínez International Executive Programs Manager krysta.martinez@ie.edu Tel.: The IE Social Impact Series This new series of IE Business School - Executive Education reflects IE s commitment to its core value of Social Responsibility alongside its other core value of Entrepreneurial Spirit. We at IE believe that well-formed managers and entrepreneurs are a potent force that facilitates innovation, stimulates growth, multiplies social value, and raises living conditions.

9 IE Social Impact Series The global renewable energy business Why IE BUSINESS SCHOOL Ranked No. 1 in Europe, IE Business School is dedicated to educating business leaders through programs based on its core values of: Entrepreneurial spirit: Founded in 1973 by entrepreneurs for entrepreneurs, IE places the entrepreneurial and innovative mindset at the heart of its programs, and is home to many startup initiatives such as the Venture Lab, the Spain Startup & Investor Summit, and Wayra. Diversity and global focus: With about 100 nationalities making up its student body, IE provides business education with a global perspective. It supports talent from all over the world from admission to graduation and beyond, and through its Diversity and Equality Commission and its Center for Diversity. Humanities and social responsibility: As Secretariat of the United Nations Global Compact in Spain, IE places positive social impact at the forefront with its Corporate Social Responsibility programs and expert faculty in areas of social entrepreneurship and microfinance, among others. It is also the proud birthplace of organizations such as Net Impact and Emzingo Group. IE Executive Education programs equip managers, entrepreneurs, and leaders with the latest tools, best practices, and skills through interactive and practical sessions. Our programs are designed to enable executives to excel amidst the many and varied challenges they face both today and in the future st Europe: Business School (December 2013) 3 rd Worldwide: Business School in Finance (June 2013) 1 st Worldwide: Online International Executive MBA (February 2010) 3 rd Worldwide: Business School - MBA (August 2011) 5 th Worldwide: Executive Education (October 2011) 1 st Europe: Business School (November 2011) 3 rd Worldwide: Business School International Programs (November 2012) 5 th Worldwide: Executive Education In-company Programs (November 2011) 1 st Worldwide: Business School - MBA (September 2009) 3 rd Worldwide: Sustainability & Ethics Ranking (September 2011)

10 INTERNATIONAL EXECUTIVE PROGRAMS Program Portfolio (List is subject to change) SKILLS DEVELOPMENT Innovative Leadership Executive Negotiation Workshop Communication Skills and Public Speaking Workshop Leading Project-Driven Organizations FINANCE Finance and Accounting Workshop for Non-Financial Managers Corporate Finance Venture Capital Private Equity Islamic Finance SPECIALIZED MANAGEMENT Management Fundamentals for Scientists and Researchers Effective Management for Security Professionals China: An Inside View The Digital Tourism Business SOCIAL IMPACT SERIES The Global Renewable Energy Business Frugal Innovation Financial Inclusion Contacts Visit our website where you can also download the program brochures: Or contact our International Executive Program Managers: Krysta Martinez Karolina Cintron Follow us on: IE BusinessSchool Executive IE Business School Executive Education IE Executive Education IE Business School Executive Education Pinar Madrid. Spain. EU Tel.: Fax: