Location:

The Markle Foundation at 10 Rockefeller Plaza, 16th Floor New York, NY 10020

Time Schedule:

9:30am-10:00am: Networking Breakfast

10:00am-11:30am: Discussion and Q&A

11:30am-12:00pm: Networking and Roundtable Close

Given the accelerating growth of the solar market and the uncertainty regarding tax grant policies, the current financing landscape of solar-lease agreements and PPA’s may not be adequate. A new report by Standard & Poor’s¹, points to securitization as a viable financing tool that may accommodate the projected increase in the rate of installations. Securitization offers diversification and greater access to cheaper capital, but comes with risks outlined by the authors of the report as coming from a lack of data regarding offtaker default rates, utility rates and recovery prices among other risks. In this meeting, we look at the issue of securitization of solar contracts from the developer, ratings agency and financier perspectives. 

• What have been the recent movements among clean technology players and banks towards securitization?
• What technologies look most ripe for securitization and why?
• What types of contracts have been most commonly securitized?
• What effect will renewables securitization have on clean technology market maturity?
• What is the projected amount of liquidity that securitization can bring about?
  

¹ Andrew J. Giudici, Jeong-A Kim, Brian Yagoda, ‘Will Securitization Help Fuel the U.S. Solar Industry?’, 2012

Speakers:

Alfred Griffin, Citigroup, Director

Michael Mittleman, MJM Consulting, Founder 

Howard Altarescu, Orrick, Herrington & Sutcliffe, LLP, Partner

Jeong-A Kim, Standard & Poor's, Director

Mary Rottman, Rottman-Associates, Principal and Founder (Moderator)

Cost:

If you are new to AGRION, this meeting can begin your complimentary trial period to allow you to get a better understanding of who we are and what we do.

After this trial period, we require an annual subscription fee determined by the number of active employees from your company. More information regarding membership can be found here (specific packages for startups and non-profits are available upon request).