Seminar: Accessing Capital for Energy Projects
December 2019 - Date and Venue TBD
Following the success of our seminars in July and September, we will hold another in December!
Asociación Industriales de Puerto Rico, Centro Internacional de Mercadeo, Torre II, Suite 702, 90 Carr. 165, Guaynabo, Puerto Rico 00968
$275 (Discounts available)
Maximum 20 participants per session, maximum three participants per organization
The purpose of this seminar is to de-mystify the process of accessing capital for energy infrastructure investments both large and small. It is led by experts familiar with the normal requirements of various sources and types of capital, experienced in assisting companies to prepare and position to unlock that capital, and deeply versed in the opportunities and challenges presented by the transformation of Puerto Rico’s energy infrastructure.
Puerto Rico has the opportunity to be a global leader in the production of energy through resilient energy infrastructure that empowers diverse industries and communities across the island. Its recovery plan and newly enacted energy policy law aim to empower prosumers (customers that both produce and consume energy) with stronger policies on net metering and interconnection of solar, storage, CHP and microgrid projects.
Nevertheless, Puerto Rico’s groundbreaking policies provide little or no organized pathway to prepare for and finance this infrastructure. Puerto Rico’s capital markets, institutional capacities, and pathways to capital are significantly under-developed. Many different sources of capital are already available or will become available but the requirements are unfamiliar to Puerto Rican companies and organizations who have little experience with raising capital. Even the most economically attractive opportunities will fail to present an attractive picture to investors and lenders if local sponsors and developers are unprepared to address the credit, scale, organizational, and process norms required and expected by capital sources.
What Will You Learn - Each company or organization should come away with a better understanding of its most suitable sources of capital and the steps necessary to access it. We will examine:
Participant company’s businesses, investment plans, and general preparedness to raise financing.
Common perceptions of financing challenges and obstacles.
Certain material implications of the new Act 17 and Regulatory Policy.
Multiple sources of finance including, but not limited to, USDA loans and grants, private loans and leases/PPA, CBDG programs, and Opportunity Zones
Requirements of various types of funding and familiarization with leading active providers.
Pre-work: each company or organization will be asked to prepare a synopsis of its activities, its financial position, and an outline of its proposed energy project (including any known constraints and what attempts have been made at financing, if any).
Who Should Attend - Types of companies that typically attend this program include industrial companies; property developers and managers; commercial businesses; community, cooperative, and municipal organizations; hospitals, schools, and universities. Among those who will benefit from this seminar include energy and electric power developers; community and municipal energy and resiliency leaders; attorneys; government regulators; purchasing & risk management personnel; plant operators; engineers; and corporate planners.
Thomas P. King, Seminar Lead
With more than 30 years in finance and energy, Mr. King has completed more than $25 billion of equity and debt investments across six continents acting both in a proprietary capacity and for many of the world's most prominent energy and infrastructure companies. Mr. King recently launched and serves as President of the Borincana Foundation (www.fundacionborincana.org), an energy infrastructure non-profit for Puerto Rico. Mr. King is also Managing Partner of CrossRiver Capital and was a Founding Partner of US Renewables Group, the first private equity group focused solely on renewable power, bio-fuels/chemicals, and related infrastructure. Earlier in his career, Mr. King was Head of Utilities for North America at Dresdner Kleinwort Wasserstein, and prior to that worked for over a decade with JP Morgan Chase in London and New York doing project and structured finance and advisory.
José Román, Seminar Lead
Mr. Román has more than 20 years in electrical engineering and energy regulation. He was one of the inaugural commissioners with the Puerto Rico Energy Commission in 2014 and served as its Chairman for over a year. He has graduate degrees from Rensselaer Polytechnic Institute in Electrical Power Engineering, and a Bachelor’s degree in Electrical Engineering, Summa Cum Laude, from the University of Puerto Rico.