Onshore Seminar:
Onshore Economics & Financing

Session B8 | Day 2, Wed 3 Nov, 11.30-12.45pm

Session Summary
The ongoing economic crisis means both that the costs of onshore wind will come under increasing scrutiny and that securing finance for construction remains challenging, issues that are intimately linked. Participants in this seminar will be able to discuss the key cost factors for offshore wind and how they are developing, alongside gaining insight into how to make projects as attractive as possible to scarce finance.

• Chair: TBC
• Lynne Scott, Partner, Construction & Special Projects, Shepherd and Wedderburn
• Dane Wilkins, Director, Ernst & Young
• Nick Gardiner, BNP Paribas
• Daniel Argyropoulos, GL Garrad Hassan

	Chair: TBC --
	Speaker: Dane Wilkins, Director, Ernst & Young Impact of recent macro economic factors on debt and equity for onshore wind projects This presentation takes a retrospective view on industry appetite for renewables assets over the past 24 months which includes: • Current appetite in comparison to recent months • Overview of M&A activity and current buyers in the market • Effect and impact of wholesale power prices on investor appetite for equity to projects • Investors’ views on favourable time to buy assets • Equity terms • Current debt market and impact on onshore wind financing • Trends in recent banking terms • Alternative sources of finance
	Speaker: Lynne Scott, Partner, Construction & Special Projects, Shepherd and Wedderburn Contracts for onshore wind: Lessons learned The project finance market for onshore wind projects in the UK is fairly mature. However, with limited finance available in the current market, it's useful to look at lessons learned from earlier projects to ensure that a robust package of documents is in place which meets lenders' expectations and effectively allocates, manages and mitigates risks.
	Speaker: Nick Gardiner, BNP Paribas The EIB Intermediated Loan Scheme - Taking stock one year in
	Speaker: Daniel Argyropoulos, GL Garrad Hassan UK Onshore Wind - the true cost now and in the future