Energy Finance
Course 201
The purpose of this EBA Academy course is to familiarize registrants with multiple types of financing commonly used in the energy industry, provide a basic understanding of their differences, and pros/cons where alternative forms of financing are available for a particular project or transaction. The course is geared towards energy lawyers and professionals who wish to understand central financing concepts, grasp key differences among common financing structures, and become conversant in these areas at a high level. The course will focus on legal structuring, key contracts, risk mitigation, and tax considerations.
Content
PROJECT FINANCING 101
- What Is It
- Typical Structures & Parties
- Range of Projects and Important Differences
- Critical Project Documents
- Key Lender Risks & Common Mitigation
- Key Owner Risks & Common Mitigation
TAX EQUITY FINANCING 101
- What Is It
- Typical Structures & Parties
- Key Risks & Common Mitigation
- Interaction with Debt Financing
- Additional Tax Considerations
A DEVELOPER’S PERSPECTIVE: PROJECT’S JOURNEY FROM DEVELOPMENT, FINANCING, CONSTRUCTION TO OPERATIONS AS RELATE TO EQUITY/FINANCING RELATIONSHIPS
OTHER FINANCING STRUCTURES
- Other Debt Financing:
- Acquisition Financing
- Corporate Financing
- Government Financing (DOE / USDA)
- Tax-Exempt Bonds
- Debtor-In-Possession Financing (Bankruptcy)
- How are Intercreditor Issues Addressed?
CAPITAL PROVIDER’S PERSPECTIVE: EQUITY RETURN EXPECTATIONS, FINANCING COSTS AND MODEL CONSIDERATIONS, ESG CONSIDERATIONS IN EQUITY INFRASTRUCTURE / PROJECT FINANCING
- Equity Financing
Common Equity
Preferred Equity - Capital Providers (TLA; TLB; Private Placement; 144A Markets; PF Banks; Equity)
Speaker: Frederic Brassard, Alma Global Infrastructure
REGULATORY IMPLICATIONS OF FINANCING STRUCTURES
- FERC
- CFIUS
- State Regulators
- Regulatory Implications for Structuring