Renewables

Business breakfast event at CMS Vienna to shed light on renewables bankability

Business-breakfast-event-CMS-Vienna-renewables-bankability

Photo: Creativeart on Freepik

Published

September 15, 2023

Country

Comments

0

Share

Published:

September 15, 2023

Country:

Comments:

0

Share

On 20 September 2023, CMS Vienna and the German Eastern Business Association are gathering experts and company representatives for a business breakfast titled Electricity from Renewable Sources: How to Make Projects Bankable?

Governments have set ambitious targets for renewable energy expansion. In addition, the war in Ukraine and the energy crisis have dramatically affected many, unveiling the consequences of fossil fuel dependence.

One would expect a renewable energy project boom. But when taking a closer look, it turns out that things are not that simple. The increase in construction costs is enormous while strong energy price volatility makes it harder to plan investments.

The lack of zoning plans is a substantial obstacle as well, together with the lengthy approval procedures. These factors altered the conditions necessary for the financial viability of renewable energy projects. Therefore, financing models need to be rethought.

The business breakfast will start with a presentation of the legal framework, followed by a panel discussion with a Q&A session

International law firm CMS Vienna and the German Eastern Business Association – Ost-Ausschuss der Deutschen Wirtschaft – are organizing an event on September 20, titled Electricity from Renewable Sources: How to Make Projects Bankable? The business breakfast will gather experts and company representatives to discuss power purchase agreements (PPAs), collateral for financing as well as pitfalls of the permitting process and its costs.

Ost-Ausschuss represents the interests of German companies in 29 countries of Central, Eastern and Southeastern Europe, in the South Caucasus and Central Asia, and promotes economic relations.

The business breakfast will take place at the premises of CMS Vienna in Austria’s capital city. Its experts will provide insight into the legal framework and relevant novelties, after which a panel discussion with a Q&A session will be held.

The panelists are:

  • Jens Böhlmann, Director of Green Transformation, German Eastern Business Association
  • Natascha Blauensteiner, Financial Manager, Ventureal
  • Simeon Sarafow, Country Manager for Poland and Bulgaria, wpd europe GmbH
  • Simona Apostol-Siegl, Director of Specialized Lending CE&EE Project Finance, UniCredit Bank Austria
  • Tomasz Nowosielski, Managing Director, BE Energy GmbH

Legal keynote presentations will be held by Thomas Hamerl, Marlene Wimmer-Nistelberger and Kai Ruckelshausen, partners at CMS Vienna. Attorney Marko Selenic from CMS Vienna will be the moderator.

Companies interested in attending the event can apply here.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Minister Dubravka Dedovic Djedovic Handanovic Female Leader of Energy Transition award

Minister Dubravka Đedović Handanović receives Female Leader in Sustainable Energy award

29 September 2023 - President of CPOR and Cofounder of WISE Serbia Branislava Jovičić handed the Female Leader in Sustainable Energy award to Minister Dubravka Đedović Handanović

Bulgaria-add-42-GW-wind-outside-protected-areas

Bulgaria could add as much as 42 GW from wind outside protected areas

29 September 2023 - A study found that Bulgaria is expected to increase its total wind power capacity by...

US-Canada-financing-nuclear-reactors-Romania-Cernavoda

US, Canada approve financing for new nuclear reactors at Romania’s Cernavodă

29 September 2023 - US Exim Bank approved a USD 57 million loan and Canada offered CAD 3 billion in financing for new reactors in Romania's Cernavodă plant

Alcazar Energy fund acquires rights wind power Bijela Montenegro

Alcazar Energy fund acquires rights to wind power project Bijela in Montenegro

28 September 2023 - Luxembourg-based Alcazar Energy took over the Bijela wind farm project in Šavnik in Montenegro, of 118 MW