Medium Wind:
Risks and opportunities

Session L11 | Day 2, Wed 3 Nov, 16.15-17.30pm

Session Summary
The launch of a British feed in tariff (FIT) in April 2010 has paved the way for significant upsurge in the deployment of medium-large scale wind turbines, and community scale projects, ranging from 100 kW up to 1,500 kW. This conference session will explore the risks and opportunities associated with what could become Europe's leading medium market.

• Chair: TBC
• Clive Fagg, Associate Environmental Planner, Carter Jonas LLP
• Julian Martin, Managing Director, ICE Renewables Ltd
• Chris Towner, Partner, Bond Pearce LLP

	Chair and speakers TBC --
	Speaker: Clive Fagg, Associate Environmental Planner, Carter Jonas LLP Medium Scale Wind Projects: Risks And Opportunities The introduction of the Feed-in Tariff in April 2010 provided a significant adjustment to the economics of small and medium scale renewable energy developments. Since the publication of the Energy White Paper, we have seen that there has always been four incentives for the development of renewable energy projects namely: climate change, security of supply, achieving commitment targets and financial viability. The Feed-in tariff has localised the benefits. opening up opportunities for all site owners rather than just large merchant developers. There is now a major opportunity for property owners whether they be farmers, businesses or communities, who have a suitable site who are keen to develop a project and aim to ensure security of supply by producing their own power whilst achieving a sound financial return.
	Speaker: Julian Martin, Managing Director, ICE Renewables Ltd Medium Wind - Risks and opportunities
	Speaker: Chris Towner, Partner, Bond Pearce LLP FiTs, ROCs and PPAs This presentation will look at the proposed changes to the Renewables Obligation and the extension of the Feed-in Tariff regime that are being proposed by the new coalition government. The presentation will consider the impact of these changes on existing and future power purchase agreements (PPAs) and as a consequence, on the financing of onshore wind projects. While the government has not yet set out the details of the changes, the presentation will discuss how the change in law provisions of current PPAs could allow developers to take advantage of any flexibiilty in the changes or how the change in law provisions could allow developers to re-open the pricing provisions of their PPAs on the basis that the RO has been materially amended. Clearly amending existing PPAs would have consequences for existing project finance arrangements and the presentation would discuss how these could be addressed and managed by developers. In relation to future PPA, the presentation will set out the impacts of the proposed changes on PPAs and how this will affect the financing of onshore projects. Given the continual nature of changes in the regimes, the presentation will also cover change of law/change of regulation clauses and how developers can protect themselves against future changes. The presentation will also address the detail of the proposed changes on the bankability of projects.