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Financing Renewable Energy Conference

Accounting

Banking/Finance

Last year, 100 percent of our surveyed attendees found the materials to be relevant and accurate,and 95 percent felt their learning objectives were met.

Consulting/Government

Developers

Investing/Lending

Law

Other Energy

Syndicators10%9%13%

6%

15%

21%

10%16%

“The quality of attendees and speakers was excellent.”

Tom Marchael, LenderUnion Bank & Trust

“All panels were REALLY SOLID. It’s helpful to get insight on how our industry can collaboratively move forward.”

Bryan Didier, AttorneyLeverage Law Group

“Very timely political info. The organization, locale, pacing were all exceptional — all Novagradac attributes!”

Steve Pickens, Corporate FinanceCanadian Solar

“Novogradac gathers a tremendous balance of participants in the energy financing space, from top lenders and investors to best-in- class developers and advisors.”

Darin Lowder, AttorneyBallard Spahr LLP

http://www.novoco.com/events/conferences/retc/2015/las_vegas/index.php





Thank You to Our Co-Hosts and Sponsors

Sponsors

Co-Hosts






Project Finance Advanced Primer (subject to change)$295 with conference registration, $395 workshop only

Wed., April 22, 2015, 8 a.m.–5 p.m.8–8:50 a.m. (Optional) Overview of ITC and PTC Programs• Overview of ITC and PTC• Project ownership fundamentals

9–10 a.m. State of the Market• State of the U.S. Renewable Energy Market• State of the U.S. Legislative Environment• Current issues/Emerging trends

10–10:15 a.m. Break

10:15 a.m.–Noon Project Finance Primer• Transaction participants• Tax equity overview• Transaction structures• Other financing sources• Sponsor equity• Project-level debt• Securitization• Closing checklist

Noon–1 p.m. Break

1–4 p.m. Advanced Financial Modeling TutorialBreaks will be scheduled at 2:15 pm and 3:15 p.m.

1–3:15 p.m.Advanced Financial Modeling Tutorial Part I: Partnership Flip Transactions• Detailed overview• Detailed walk through financial projection

3:25– 4:40 p.m. Advanced Financial Modeling Tutorial Part II: Inverted Lease Transactions• Non-Partnership version• Partnership version

4:40–5 p.m. Q&A






Conference Agenda (subject to change)

Thurs., April 23, 20158–9 a.m.Registration and Breakfast

9–9:15 a.m.Welcome Address

Stephen Tracy

Novogradac & Company LLP

Gary Blitz Aon Strategic Advisors

Jim Duffy Nixon Peabody LLP

Eli Katz Chadbourne & Parke LLP

Elke Rehbock Dentons

Dan Siegel US Bank

9:15–10:15 a.m.Washington Report and Industry Update Republicans have control of the House and the Senate and tax-reform discussions have again taken center stage. Learn who the key players are in the 114th Congress and where renewable energy stands in the context of tax reform. Hear about emerging trends and hot topics in this always-informative industry update.

Michael Novogradac

Novogradac & Company LLP

Keith Martin Chadbourne & Parke LLP

10:15–10:30 a.m.Break







Thurs., April 23, 201510:30–11:45 a.m.A Deeper Look into YieldCosHear a discussion about the current status of yieldcos and their performance to date. This panel will provide updated commentary on competition amongst yieldcos, the seller’s market and pricing for projects, developer decisions to sell to YieldCo or retain projects, acquisitive vs. sponsor/developer supported yieldcos, optimizing the capital structure, and Wall Street’s view of yieldcos.

Stephen Tracy Novogradac & Company LLP

Ed Feo Coronal

Management

David McIlhenny

SunPower Corporation

Dan Brown KeyBanc Capital

Markets

Philip Shen Roth Capital

Partners, LLC

11:45 a.m.–NoonRenewable Energy Power Awards

Noon–1:15 p.m.Luncheon

1:15–2:15 p.m.Sponsor/Developer Financing Issues Learn about the issues facing today’s renewable energy developers in the residential solar, commercial and utility-scale markets. Which business models and transaction structures present the best opportunities? What challenges and pitfalls do they present? Explore third-party acquisitions,

financings and a host of other issues.

Forrest Milder Nixon Peabody LLP

Jake Carney SunEdison

Jason Cavaliere Sunrun Inc.

Albert Luu SolarCity

Corporation

Scott DeMartino

Bryan Cave LLP

2:15–2:30 p.m.Break

2:30–3:30 p.m.Debt Market UpdateReports suggest liquidity has returned to the marketplace. This panel will provide up-to-the-minute information on which lenders are active in the market, lender underwriting issues, back-leveraged debt products and an overview of debt market trends.

Thomas Hoffmann

Ballard Spahr LLP

Chris Diaz Seminole Financial

Services

Elke Rehbock Dentons

Craig Robb Zions Energy Link

Michelle Chen Bridge Bank

3:30–3:45 p.m.Break






Thurs., April 23, 20153:45–5 p.m.Tax Equity UpdateHear panelists discuss the current tax equity outlook. Panelists will provide updates on the current state of the market, the tax equity investor pool, and their investing plans for 2015. Other topics to be discussed include preferred transaction structures, pricing considerations, sponsor underwriting considerations, key tax equity investor issues, current investor trends, and post 12/31/16–The 10 percent ITC Investor.

Eli Katz Chadbourne &

Parke LLP

Randy Bartholomew

NTCIC

Gary Blitz Aon Transaction

Solutions

Dick Rai PNC Energy Capital

Adam Altenhofen

US Bank

Daniel Yonkin Sol Systems

5–6:30 p.m.

Reception

Fri., April 24, 20158–9 a.m.

Registration and Breakfast

9–9:50 a.m.Energy Storage–What Does the Future Look Like? Energy storage is becoming an important component of the renewable energy revolution. Currently, battery storage is a popular product that enables commercial customers to mitigate the effects of peak demand pricing. Tomorrow it looks like battery storage will also play an important role in developing micro-grids, providing public utilities with an emergency energy source, and in serving the needs of residential customers. Come hear about what developers think the future looks like for energy storage technologies. Hear about the issues they envision and currently face in connection with making this new technology financially feasible. Learn how energy storage transactions work, how they are underwritten and evaluated by developers as they work to develop projects to meet the energy storage needs of California’s investor-owned utilities, commercial and residential customers alike.

Jon Fortune Sunverge

Rich Cogen Nixon Peabody LLP

Anuj Saigal SunEdison

9:50–10 a.m.Break







Fri., April 24, 2015

10–11 a.m. Current Issues–Closing a Renewable Energy TransactionWhile not all renewable energy investments are alike, they often face similar issues, challenges and potential transaction pitfalls. Hear a group of expert tax attorneys address some of the current issues encountered in the process of closing a renewable energy transaction.

Forrest Milder Nixon Peabody LLP

Mona Dajani Baker & McKenzie

LLP

Jim Duffy Nixon Peabody LLP

John Eliason Foley & Lardner

John Marciano Chadbourne &

Parke LLP

Marc Schultz Snell & Wilmer

11–11:10 a.m.Break

11:10 a.m.–NoonPACE FinancingProperty-assessed clean energy (PACE) financing programs are evolving and becoming more popular. Experts will provide multiple perspectives on this financing vehicle: learn about commercial and residential market drivers, reflect on public-policy implications and find out what risks lenders may consider during underwriting.

John Marciano Chadbourne & Parke

LLP

John Kinney Clean Fund LLC

Scott Zajac Rockwood Asset

Management

NoonConference Concludes





Registration Information

CONFERENCE REGISTRATION

PROJECT FINANCE ADVANCED PRIMER WORKSHOP REGISTRATION

Questions? Contact the Events DeskTelephone: 415.356.7970 Email: [email protected]

Registration Cancellation PolicyAll cancellations must be made in writing and must be received no later than ten (10) days before an event. A $100 administrative fee will be deducted from all refunds. We regret that we cannot refund cancellations made within 10 days of the conference or to registrants who do not attend the conference. Confirmed registrants who fail to attend and do not cancel will be charged the entire registration fee.

Accreditation Conference CPE credits: 8

Novogradac & Company LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Nashville, TN 37219-2417. Website: www.nasba.org.

Hotel InformationFour Seasons Las VegasThe room block at the Four Seasons Las Vegas is full. We have secured an additional room block at the Delano Las Vegas, located in the same complex as the Four Seasons. To make a reservation for a room at the Hotel Delano please call our Events Desk at 415.356.7970.

Delano Las Vegas Rates , plus a $29/day resort fee*:4/21/15-$2484/22/15-$2984/23/15-$118

*Resort fee includes complimentary internet, newspaper, complimentary boarding pass, unlimited local and toll free calls, access to the cardio center.

Rooms at the Four Seasons may be available at the hotels prevailing rates. You can check rates at the Four Seasons by calling 702.632.5100

Four Seasons Las Vegas3960 S Las Vegas Blvd.Las Vegas, NV 89119Telephone: 702.632.5100

Pre-Conf. Workshop RatesWith Conference

RegistrationWorkshop Only

Project Finance Advanced Primer $295 $395

Conference RatesEarly Bird

(ends March 23)After Early Bird On-Site

Corporate $625 $725 $750Nonprofit $525 $625 $650





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