As the EBRD regions face the dual challenge of climate change and energy security, a successful energy transition can only be achieved by scaling up renewable energy sources. Creating the right legal, regulatory and contractual conditions for private-sector renewable transactions is a lengthy and complex process. Successful projects require the collaboration of multiple stakeholders.
International financial institutions (IFIs) can play an important role in facilitating projects by helping the public sector develop an enabling policy and regulatory environment, bankable power purchase agreements and the competitive procurement of renewable energy through auctions.
Once a developer has been selected, IFIs are often instrumental in financing these landmark transactions. However, issues with the wider legal framework and processes can cause significant delays and additional costs, especially when it comes to first projects in a particular jurisdiction.
The panel explores how stakeholders can work together to achieve the right conditions for successful projects and deliver secure, green, competitively priced energy.
Speakers:
- David Shukman, Journalist, Speaker, and Consultant
- Bob Davies, Associate Director - Lead Counsel Project Finance, Office of the General Counsel, EBRD
- Bruce Johnson, Director, Corporate Finance and Treasury, Masdar
- Milica Zatezalo-Falatar, Partner, Clifford Chance
- Bertrand Walckenaer, Deputy Chief Executive Officer, Agence Française de Développement