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2nd IGC Invest Geothermal Finance Forum, 28 March 2019 – less than 3 weeks away

IGC Invest Geothermal - Geothermal Finance & Investment Forum, 28 March 2019
Alexander Richter Alexander Richter 11 Mar 2019

The pre-final program has been released for the 2nd IGC Invest Geothermal Finance & Investment Forum taking place 28 March 2019 in Frankfurt/ Germany.

With less than three weeks away, the 2nd IGC Invest Geothermal Finance & Investment Forum is now sharing the program for the event.

The event will again feature a set of interesting sessions focusing on financing of geothermal development world wide and we put together a great set of speakers.

The event is split into four different sessions looking at financing the early stages of development, structure of financing and program support, approaches to improve project & financial success, and diversifying the business. The event closes than with a roundup discussion.

The full program with all speakers will be released later this week, but for now we can highlight the following program points and speakers.

8:00 – 8:45 Welcome at the Breakfast Session

  • Opening – Dr. Jochen Schneider, Enerchange
  • Overview on global geothermal energy development – Alexander Richter, ThinkGeoEnergy
  • Legal & Risk in geothermal development  – Kai Immolauer, Rödl & Partner

9:00 – 10:30 Session I Investing into Early Geothermal Development-  The equity side

The early stage of geothermal project development is the most critical phase, with high risks and high investment. Experts from Geothermal Developers and will speak about their experience and discuss risk management and financing of geothermal projects.

Moderation: Dr. Torsten Rosenboom – WFW

  • IKAV/ ecoprime – Gregor Gruber, Group CEO
  • Copenhagen Infrastructure Partners, Denmark – Radu Gruescu, Associated Partner
  • Zorlu Energy – Ali Kindap, General Manager
  • Pertamina Geothermal Energy (PGE) – Ali Mundakir, President Director

10:30 – 11:00 Coffee 

11:00 – 12:30 Session II – Structure of Geothermal Financing & Program Support

Over the past years, geothermal development financing has seen various models being developed. Within this session some of these models  re introduced and the role of funding programs and incentives discussed by Investors, Donors and Developers.

  • KfW Development Bank, Germany – Arndt Wierheim, Project Manager, GDF Program, Latin America
  • SENER, Mexico (formerly) – Michelle Ramirez Bueno
  • OPIC, U.S. – Stephen Morel, Project Finance Specialist
  • Inter-American Development Bank (IDB) – Christiaan Gischler, Lead Energy Specialist

12:30 – 14:00 Lunch

14:00 – 15:30 Session III – Development Approaches to improve Project & Financial Success

Project developers are faced with significant challenges obtaining affordable capital, because investors (debt or equity) are uncomfortable with the risk and the price for external capital is too high for the project to be viable. With larger scaled projects, based on phased PPAs or modular plant developments, i.e. using well head generators, solutions will be introduced and discussed with power plant engineers, developers, operators and investors.

Moderation: Amanda Lonsdale

  • United Downs Deep Geothermal Project, Cornwall/ UK – Ryan Law, Managing Partner Geothermal Engineering Ltd.
  • Orcan Energy – Markus Lintl, Head of Industry & New Business
  • Kenya Electricity Generating Company/ KenGen – Rebecca Miano, CEO – tbd

15:30 – 16:00 Coffee

16:00 – 17:30 Session IV – Beyond Electricity – Diversifying the Investment

Electricity generation has been the most prominent target of geothermal project development, however further opportunities for geothermal energy utilisation exist to make projects more profitable. To use geothermal heat directly is an obvious choice, but with the summer periods a gap exists in the business case. Another – upcoming topic is the extraction of minerals from geothermal brines. The session will discuss the multiple usage of geothermal energy.

  • Rabobank, Financing Greenhouses, Netherlands – Ivan Das (Project Finance)
  • MGX Minerals, Lithium from geothermal brines – Randy Keller, VP Bus. Development
  • Storengy, France – Constant Maton, Director Geothermal Energy
  • Oserian Development Company, Kenya – Neil Hellings, Managing Director

17:30 – 18:30 Round Up Discussion

With the various features of geothermal energy and the possibilities to finance introduced during the day, this discussion round will draw conclusions on financing geothermal development and the instruments to accelerate project development and technological advancements.

 

The event is sponsored by Watson Farley & Williams (MW Sponsor) and Storengy (Web-Sponsor).

The event’s key partners are Rödl & Partner and the European Geothermal Energy Council (EGEC).

To register for the event click here.