Offshore wind financing and auctions are complex processes involving numerous stakeholders and stages, culminating in the final investment decision (FID). Key terms encompass project finance, renewable energy investment, wind farm development, offshore wind farms, wind energy projects, renewable energy finance, clean energy investment, green finance, sustainable finance, ESG investing, environmental, social, and governance, impact investing, project sponsors, developers, utilities, independent power producers (IPPs), power purchase agreements (PPAs), contracts for difference (CfDs), revenue contracts, offtake agreements, transmission agreements, interconnection agreements, grid connection, offshore wind turbines, wind turbine manufacturers, turbine supply agreements, balance of plant, foundations, substructures, cables, offshore installation vessels, heavy lift vessels, construction contracts, engineering, procurement, and construction (EPC) contracts, operation and maintenance (O&M) contracts, asset management, due diligence, technical due diligence, commercial due diligence, financial due diligence, legal due diligence, risk assessment, feasibility studies, environmental impact assessments (EIAs), permitting, consenting, regulatory approvals, government support, subsidies, tax credits, feed-in tariffs, renewable energy certificates (RECs), carbon credits, auctions, competitive bidding, lease auctions, seabed rights, maritime law, offshore regulations, safety regulations, marine spatial planning, stakeholder engagement, community benefits agreements, supply chain, local content, job creation, economic development, port infrastructure, grid infrastructure, transmission infrastructure, energy storage, battery storage, green hydrogen, power-to-x, levelized cost of energy (LCOE), capital expenditure (CAPEX), operating expenditure (OPEX), discount rate, internal rate of return (IRR), net present value (NPV), debt financing, equity financing, mezzanine financing, project finance loans, commercial banks, investment banks, export credit agencies (ECAs), multilateral development banks (MDBs), institutional investors, pension funds, insurance companies, private equity funds, infrastructure funds, yieldcos, tax equity, financial modeling, cash flow projections, sensitivity analysis, risk mitigation, insurance, political risk insurance, construction risk insurance, operational risk insurance, force majeure, liquidated damages, performance guarantees, warranties, credit ratings, investment grade, non-recourse financing, limited recourse financing, security agreements, collateral, financial close, FID, construction phase, operational phase, decommissioning, repowering, lifecycle costs, energy yield assessments, wind resource assessment, metocean data, site investigation, geotechnical surveys, bathymetric surveys, environmental surveys, archaeological surveys, avian surveys, marine mammal surveys, fishing industry, navigation, shipping lanes, radar interference, visual impact, noise pollution, electromagnetic fields, shadow flicker, public consultation, community engagement, local communities, indigenous communities, environmental organizations, non-governmental organizations (NGOs), best practices, industry standards, health and safety, supply chain resilience, inflation, interest rates, currency exchange rates, political stability, regulatory changes, technology advancements, innovation, digitalization, offshore wind innovation, floating offshore wind, deepwater wind, hybrid projects, offshore wind integration, smart grid, grid modernization, energy transition, climate change mitigation, decarbonization, renewable energy targets, sustainable development goals (SDGs), energy security, energy independence, just transition, offshore wind workforce, skills development, training programs, research and development, knowledge sharing, collaboration, partnerships, industry associations, government agencies, international organizations, offshore wind conferences, offshore wind events, offshore wind market, global offshore wind, offshore wind pipeline, offshore wind capacity, offshore wind growth, offshore wind future.

Financing Offshore Wind From Auction To FID

Price

$2,450

Duration

2-Day

Dates

2024 closed, 2025 TBA

Format

Virtual (Live)

Course Status

Open

Enroll

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Financing Offshore Wind From Auction To FID

This comprehensive course is designed to provide a deep understanding of the commercial aspects involved in offshore wind projects, from the bidding stage to Power Purchase Agreements (PPAs), including bidding and contracting strategies, project financing and investment structures, risk management and regulatory considerations, PPAs and market dynamics. Participants will gain essential knowledge and skills to navigate the intricate world of offshore wind financing, enabling them to make informed decisions and contribute effectively to the development and management of these projects.

This course will take place from 9am until 1pm EST each day.

Course Objectives:

- Equip participants with a comprehensive understanding of offshore wind financing from bid to PPA.

- Develop the skills necessary to analyze risks and make informed investment decisions.

- Provide insights into successful strategies and case studies in offshore wind projects.

- Foster networking and collaboration among professionals in the renewable energy sector.

Who Should Attend:

- Investors and financiers: Professionals in the financial and investment sectors seeking to invest in or finance offshore wind projects will learn how to assess risks and opportunities

- Government officials and policymakers: Individuals in regulatory or policymaking roles will benefit from understanding the financial and commercial dynamics of offshore wind energy.

- Legal and financial experts involved in the offshore wind industry will gain a deeper understanding of the financial structures and legal considerations.

- Energy industry professionals: Those working in the energy sector who want to expand their knowledge of renewable energy, specifically offshore wind financing.

- Project developers and managers: Individuals responsible for planning, developing, and overseeing offshore wind projects will gain valuable insights into the financial aspects of their initiatives.

- Professionals interested in learning more about the financing of offshore wind farms

Course Outline:

Day 1

Module 1: Introduction to Offshore Wind and Its Commercial Landscape

- Understanding Offshore Wind: Economics and Politics of Offshore Wind

- Role of Governments and Regulatory Frameworks

- Offshore Wind Industry Players and Stakeholders

Module 2: Overview of Project Finance, SPVs, Key Agreements

- Difference in corporate finance vs. project finance

- Key stakeholders in a project finance transaction & responsibilities

- Overview of key contracts (PPA, EPC Agreement, GIA…etc)

- Key Legal and Commercial Clauses in Offshore Wind Contracts

Module 3: Project Financing and Investment Structures

- Project Valuation and Investment Decision-Making

- Financing Structures: Debt vs. Equity

- Attracting Investors and Securing Financing

- Financial Models and Risk Analysis

- US Tax Equity Specificities

Day 2

Module 4: Debt Financing Deep Dive

Module 5: Tax Equity Financing Deep Dive

Module 6: Risk Management and Regulatory Considerations

- Risk Identification and Mitigation Strategies

- Environmental and Permitting Challenges

- Grid Connection and Transmission Issues

- Legal and Regulatory Compliance

Course Completion Certificate: Upon completing at least 50% of the course and achieving a minimum passing score of 50% on a post-course assessment, participants will receive a course certificate valid for three years. This certificate verifies that the essential learning outcomes of the course have been met. While not mandatory, this certification is currently undergoing an accreditation process to further enhance its value, allowing it to be used for job applications, promotions, and professional license renewals, such as the PE (Professional Engineer) license.

Course Instructors:

Ryan O’Connor

Senior Financial Advisor, Ocean Winds

Ryan O’Connor is a Senior Financial Advisor for the offshore wind developer Ocean Winds working within the SouthCoast Wind Project. Ryan has led finance efforts in both BOEM Auctions and Power Purchase Agreements. This experience has culminated in a PPA win, lease auction awards in the Ocean Wind portfolio, and heavy involvement in the pending tri-state PPA solicitation in Massachusetts, Rhode Island and Connecticut. Ryan has been instrumental in formulating valuation metrics, robust financing plans and funding strategies tailored to the unique demands of offshore wind projects, particularly as macroeconomic shocks continue to acutely impact the industry. This includes navigating the complex landscape of tax equity financing, where he has developed innovative strategies to optimize financial structures amidst the constant flux of regulatory changes, particularly those surrounding the details of the Inflation Reduction Act and its possible futures.

Prior to joining the offshore wind industry, Ryan worked in both underwriting and deal structuring in the commercial real estate industry, with a focus on commercial construction. He holds a Bachelors in Economics & Finance and a Masters in Finance, both from Bentley University.

Ian McGinnis

Project Finance Manager, Ocean Winds

Ian McGinnis is a Project Finance Manager at Ocean Winds North America where he provides oversight on project financing activities across the full lifecycle of OW’s North American portfolio.Prior to Ocean Winds, Ian was an Associate on the Project Finance team at Greenskies Clean Energy where he evaluated commercial solar + storage renewable energy projects. While at Greenskies, Ian was part of a team which closed several debt and tax equity financings for solar projects across the U.S. Ian began his career at FTI Consulting on the Power, Renewables, and Utilities team. His consulting experience spanned a range of matters such as regulatory due diligence, utility financial modeling, natural gas and electric rate case advisory, and wholesale market analysis.

The course outline is subject to change and a detailed agenda will be shared after enrollment.