One Great George Street, London 31 October - 1 November …€¦ · One Great George Street, London...

One Great George Street, London 31 October - 1 November

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31 October - UK infrastructure day 7.00 – 7.30 Registration for business breakfast 7.30 – 8.10 Business seated buffet breakfast 8.10 – 8.40 Business breakfast keynote: Post Brexit – plans, preparations and reality 8.20 – 8.50 Welcome and registration 8.55 – 9.00 Chair opening address 9.00 – 9.45 Focus panel + Q&As: Funding & financing Q.

• What incentives and security could UK gov’t offer to attract long term investment in infrastructure considering the chronic issue of funding?

• What improvements in funding/financing models can be applied to different infra sectors?

• State of the financing market, the challenges of funding and creating new revenue sources

• How to satisfy the demand in infrastructure at planning and greenfield stages? • Critical success factors (from a participant and delivery perspective) for

projects to attract more financing • What are some of the improvement areas in UK infrastructure delivery that

might shift appetite for increased investment • Secondary market in the UK


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Panellists: Julia Prescot, Commissioner, National Infrastructure Commission Mark Lyon, Head of Equities and Alternatives, Border to Coast Pensions Partnership Louise Wilson, Co-Founder and Joint Managing Director, Abundance Investment Adil Manzoor, Portfolio Manager - Infrastructure and Local Investment, Merseyside Pension Fund Darryl Murphy, Head of Infrastructure Debt, Aviva Investors Russell Dallas, Global Practice Leader - Infrastructure Finance, Mott MacDonald

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9.45 – 9.55 Presentation: “Demystifying Origination to Execution and beyond - the democratisation of Private Debt Markets” Antony Barker, Consultant Partner, Estates and Infrastructure Exchange Infrastructure investment provides tangible advantages for international institutional asset owners by offering long-duration liability cash-flow matching, protection against inflation and diversification. The real challenge has been getting money invested (and so starting to generate meaningful returns), in particular, the time it takes to marry up availability of capital and finding suitable companies to lend to. The absence of a developed derivative market makes it hard for asset managers to “equitise” investors’ cash commitments ahead of drawing down for completed transactions. The Estates and Infrastructure Exchange will be a London-based FCA regulated platform that overcomes these barriers to investment by offering tradeable and frequently/consistently valued debt and equity securities covering multiple global


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markets, real asset sectors and different sizes of project on a more cost-effective basis featuring standardised due diligence and placement memoranda.

\ \ \ \ 9.55 – 10.15 Pitch and promote: UK infrastructure projects vying for private capital pitch their proposal 9.45 – 9.55 Pitch and promote: Richard Hicks, Director Regeneration, Culture, Environment and Transformation & Deputy Chief Executive, Medway Council. Proposals for Medway's future: Housing Infrastructure Bid which is worth £170m. The bid is broken into three areas: Road Improvements (£86m), Railway Improvements (£67m) and Social Infrastructure (£17m). Medway is the largest conurbation in the south east outside London and the biggest regeneration zone within the Thames Gateway. Supported by significant government funding, with the potential for a further £1billion of private sector investment, we are recognised as an area of strategic development by the Ministry of Housing, Communities and Local Government (MHCLG). Medway is one of the most promising growth areas in the south east - our economy is now worth £5bn – with a growth rate ahead of the rest of the UK. 9.55 – 10.05 Pitch and promote: Dr. Dave Hull, Commercial & Procurement Delivery Director, Highways England. Plan to use the PF2 model to seek £3bn in finance for two of Highways England’s upcoming tier 1 projects: the A303 Stonehenge and the Lower Thames Crossing. Highways England operates, maintains and improves England’s motorways and major A-roads, which make up the strategic road network. Highways England network totals around 4,300 miles. While this represents only 2% of all roads in


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England by length, these roads carry a third of all traffic by mileage and two-thirds of all heavy goods traffic. Further projects will be announced shortly.

\ \ \ \ 10.15 – 11.00 Focus Panel + Q&As: PFI / PPP Q.

• Rethinking the model • PF2 in the roads and transport sector

Panellists: Michael Ryan, Chief Executive Officer, Partner, Dalmore Capital Matthew Vickerstaff, Deputy Chief Executive Officer and Head of Project Finance, Infrastructure and Projects Authority Paul Williamson, Corporate Finance Director, Highways England Tom Sumpster, Head of Infrastructure Finance, Legal & General Investment Management Kamal Patel, Director, Corporate Finance Directorate, Department for Transport

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11.00 – 11.20 Morning break and business card exchange

\ \ \ \ 11.20 – 11.45 Global influencer keynote address: “SolaRoad - paving the road to the future”


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Sten de Wit, Commercial Director, SolaRoad The Province of Noord-Holland, road construction company Ooms Civiel and technical service provider Dynniq together with TNO form the core consortium that is developing SolaRoad: the first road surface that absorbs sunlight and converts it into electricity. The ultimate goal is the realisation of the dream that large parts of the road surface in the Netherlands will act as a large solar panel. The generated electricity can be used for street lighting, traffic systems, households and electric vehicles.

\ \ \ \ 11.45 – 12.45 Infrastructure roundtables 1 & 2 (running in parallel): 1. Infrastructure roundtable: EV v Hydrogen Q.

• What is a long-term trend for different types of fuel? • Hydrogen market today • Growing a hydrogen refuelling infrastructure in the UK • Implications of the rise of EVs on transport infrastructure • What new infrastructure will be needed? How much will it cost? Who should

finance it? How should the regulator unlock private sector capital? • Total cost of ownership and utilisation risks of charging/refueling infrastructure • How to accelerate transition to EV/hydrogen infrastructure? • Leveraging powered network assets in areas such as EV charging

Chair: Neil Fulton, Director - Connected & Autonomous Transport, Transport City Catapult


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About Chair: The Transport Systems Catapult is the UK’s innovation centre for Intelligent Mobility. Neil Fulton is Programme Director for Connected and Automated Transport at the Transport Systems Catapult. His focus is on the introduction and integration of automated and connected vehicles into the transport infrastructure and the associated barriers to this huge area of growth and potential. Roundtable speakers: Vicky Edmonds, Head of the Office for Low Emission Vehicles Adrian Jarvis, Independent (ex National Grid Head of Business Strategy, Gas Transmission) Marcus Newborough, Development Director, ITM Power Mark Kerstens, Vice President, Strategic Accounts, ChargePoint Jason Simpson, Vice President, Global Energy and Utilities, Liberty Global Colin Campbell, Partner, Zouk Capital Julian Bell, Leader, London Borough of Ealing

\ \ \ \ 2. Infrastructure roundtable: Recycling Q.

• Expanding UK capacity to recycle - reprocessing facilities • Domestic recycling infrastructure • Economic drivers and supply chain challenge • From waste treatment to waste prevention – what is the vision? • Needs and solutions in waste infrastructure in the UK


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• Subsidy free Energy from Waste schemes, what constitutes an investable scheme, project structure and bankable counterparties, where the future opportunities lie

• Capital allocation and space attractiveness to institutional investors • Opportunity for wider capacity rollout

Roundtable speakers: David Palmer-Jones. Chief Executive Officer, SUEZ Recycling and Recovery UK Tom Bousfield, Economic Advisor, National Infrastructure Commission Andrew Hartley, Managing Director, Waste and Bioenergy, GIG Macquarie Richard McKinlay, Head of Circular Economy, AXION James Samworth, Partner, Foresight Group Adam Hinds, Associate Director, Equitix Nigel Wheeler, Director of Highways and Streetcare, Rhondda Cynon Taf County Borough Council

\ \ \ \ 12.45 – 13.45 Lunch and business card exchange

\ \ \ \ 13.45 – 14.45 Infrastructure roundtables 3 & 4 (running in parallel): 3. Infrastructure roundtable: Housing Q.

• Build to rent • Institutional investor allocations towards delivering required housing

infrastructure in the UK • Housing affordability


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• Retirement housing • The dynamics of open market rental and social housing • Raising housing supply – support, targets and capital allocation – is it realistic? • Getting the best out of existing stock • Funding and financing

Chair: Sir Merrick Cockell, Chairman, London Pensions Fund Authority About Chair: The London Pensions Fund Authority is the largest Local Government Pension provider in London. The pension fund has around £5.3 billion of assets as at 31 March 2017. Sir Merrick Richard Cockell is conservative politician in the United Kingdom and a councillor for over 30 years. In October 2010, he was appointed to the board of the London Pensions Fund Authority and became Chairman in September 2015. At the end of 2016 his term was extended to 31 December 2018 by GLA Assembly Agreement as well as being tasked by the Mayor of London to encourage investment in London’s infrastructure. He was appointed first Chairman of the UK Municipal Bonds Agency in early 2015 having pioneered the case for greater local government fiscal autonomy. Roundtable speakers: Gareth Blacker, General Manager, Infrastructure, PRS and Complex Projects, Homes England Paddy Dowdall, Assistant Director, Greater Manchester Pension Fund Michael Allen, Director of Build to Rent, Quintain Cllr James Swindlehurst, Leader, Slough Borough Council Simon Wright, Chief Executive, Corinthian Land


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Shamez Alibhai, Partner, Cheyne Capital Management Richard Hicks, Director Regeneration, Culture, Environment and Transformation & Deputy Chief Executive, Medway Council

\ \ \ \ 4. Infrastructure roundtable: Digital telecoms, wireless and wireline Q.

• Government policy and regulation - the biggest barriers to large scale investment in fibre optic? How to get the most economical policy advantage?

• Opportunities for competition and alternative ways of providing and accelerating deployment of fibre optic to premises

• Opportunities for investment in 4G, small cells and 5G • Financing UK fibre network providers - what makes a good investment for

capital provider? • Role of institutional investment in the space – fragmented local delivery or

bigger scale investment? • Co-operative models for digital infrastructure • Minimum term spectrum licenses in the UK • Risk – return profile of digital telecoms: at which point do you introduce debt

in a bottom-up approach? Chair: Barney Smith, Founder and Executive Chair, Perform Green About Chair: Perform Green deliver innovation, productivity and a connected smart society through digitally inspired change for good.


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Barney Smith is a Smart Society Leader with particular experience in Sustainable Development, Innovation and Technology.Last year, Barney led 2 major initiatives: Programme Director at Bristol City Council to implement an ambitious integrated, multi-partner Smart City Operations Centre; Interim CEO of Bristol Is Open Until November 2017 – a Joint Venture Company between Bristol City Council and University of Bristol delivering a world leading smart city R&D testbed. Roundtable speakers: Raj Kalia, CEO, Broadband Delivery UK Charles Scott, Director, Amber Infrastructure Annette Murphy, Managing Director of Europe and the Senior Vice President of Fiber Solutions, Zayo Steve Greaves, CEO, CCS James Harraway, Director, Infracapital Alastair Davidson, Director, Wireless Infrastructure Group Daniel Heery, Director, CBN Mark Collins, Strategy & Public Affairs Director, CityFibre

\ \ \ \ 14.45 – 15.45 Roundtable “Ministry of Infrastructure” – coordinated approach for infrastructure roll-out Q.

• Transport, Housing and Utilities roundtable - how to overcome issues currently hindering UK infrastructure roll-out

Roundtable speakers: Mark Thurston, CEO, HS2 Ltd


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Sarah McMath, Managing Director - Strategic Planning & Investment, Thames Water Daniel Fedson, Director, Global Infrastructure Hub Jeremy Skinner, Assistant Director, Intelligence Unit and Leader of the Growth, Infrastructure and Connectivity team, Greater London Authority Phillip Williams, Head of Housing and Regeneration, Infrastructure and Project Authority Kevin Murphy, Managing Director, Fibre and Network Delivery, Openreach Lee Bishop, Major Developments Director, Taylor Wimpey

\ \ \ \ 15.45 Chair closing address End of day


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1 November - Energy infrastructure day 7.00 – 7.30 Registration for business breakfast 7.30 – 8.10 Business seated buffet breakfast 8.10 – 8.40 Business breakfast keynote by: John Feddersen, CEO & Director, Aurora Energy Research Aurora Energy Research is a specialist in energy modelling, providing data, analytics, and strategic advice on UK, European, and global energy markets. 8.20 – 8.50 Welcome and registration 8.55 – 9.00 Chair opening address 9.00 – 9.45 Focus panel + Q&As: Security of supply & system flexibility Q.

• Investment in flexible capacity: how is grid creating markets for new flexibility? • How is private sector delivering on this need? • Grid digitisation • Future of creating open access networks • Blueprint for a post carbon society: how residential flexibility is key to

decarbonising power, heat and transport • Effect of transport electrification on grid • What UKPN is doing to utilise flexibility, lessons learnt and potential solutions

for the future • Gas storage going into winter • Evolution of RIIO


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• Dogger bank island – what will it mean for the UK? Panellists: Dan Monzani, Director, Energy Security, Networks and Markets, Department for Business, Energy and Industrial Strategy Fintan Slye, Director of UK System Operator, National Grid Suleman Alli, Director Strategy, Safety & Support Services, UK Power Networks Dr. Toby Ferenczi, Director of Strategy, OVO Group Alex Brierley, Co-Head, Octopus Energy Investments Frank Wester, Senior Manager, Asset Management Offshore, TenneT

\ \ \ \ 9.45 – 10.00 Presentation: “A tidal change in energy generation” Henry Michael Dixon, Chairman, North Wales Tidal Energy and Coastal Protection The challenge to deliver security of supply, sustainability and affordability from increasingly distributed and renewable generation will prove increasingly demanding over the next few years. Tidal lagoons have the potential to provide a valuable contribution to the UK’s energy needs, security and stability with the offer of large installed capacity, predictability of supply, energy storage and inertia. The wider benefits of tidal lagoons, particularly coastal and flooding protection for high risk coastal communities, increase their attractiveness beyond pure energy considerations. North Wales Tidal Energy & Coastal Protection (NWTE), based near St Asaph, was created to develop a world-leading integrated tidal energy and coastal protection scheme along the North Wales coast.


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\ \ \ \ 10.00 – 10.15 Pitch and promote: UK infrastructure projects vying for private capital pitch their proposals. 10.00 – 10.05 Pitch and promote: Mike Benson, Development Director, Carlton Power. 840MW Gas Fired CCGT Power Station in Manchester UK. "Shovel-ready" project with ability to start construction early 2019 and commence commercial operation by Winter 2021. Carlton Power is a developer behind Trafford and Thorpe Marsh CCGT power projects. 10.05 – 10.10 Pitch and promote: Karen Jones, Customer Liaison Director, Morlais. Morlais is being developed in part with £28 million of Welsh European Funding and Central Government support with the capacity of generating up to 240MW of electricity with a requirement of a maximum of £9 million match fund. This project deploys a different technology and principal to tidal lagoon and wave energy and harnesses the more mature Tidal Stream Sector endorsed by Catapult as a potential investment. Morlais Marine Energy was established by Menter Môn following its appointment as the Managers for the West Anglesey Demonstration Zone by The Crown Estate. Menter Môn is a third sector social enterprise delivering projects across North Wales in various sectors. The motivation for applying to be the Third Party Manager was to establish Anglesey as a marine energy hub and secure maximum added value for the local economy.

\ \ \ \ 10.15 – 11.00 Focus Panel + Q&As: Evolving government policies


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Q. • Evolving government policies towards subsidy free renewables • Maintaining adequate system security at an affordable price • Understanding the risks of new energy infrastructure post subsidy • Delivering the UK’s clean growth ambitions: a developer’s perspective • Moving towards enabling and not subsidising technologies • Where does the value sit in the future value chain? • Risk of stranding assets? • The complexities of energy regulation during the energy transition • CFDs – industrial strategy or decarbonisation at the lowest cost at heart? • Plans to encourage small-scale and low carbon power generation • The need of energy transformation funds and investment opportunities of

Power to X investments Chair: Richard Howard, Research Director, Aurora Energy Research About Chair: Aurora Energy Research provides data and analytics on UK, German, European, and global energy markets. Richard is the Research Director at Aurora Energy Research and is responsible for managing and developing Aurora’s suit of market intelligence services across Europe. Before joining Aurora he was a Director and Head of Energy and Environment at Policy Exchange, where he authored a number of influential reports on energy and environmental policy and regulation. Prior to that he was the Chief Economist at The Crown Estate.


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Panellists: Simon Brown, Head of Onshore Wind and Solar Policy, Department for Business, Energy and Industrial Strategy (BEIS) Jeffrey Altman, Senior Advisor, Finadvice AG Paul Cooley, Director of Generation Development, SSE George Grant, Managing Director, Stag Energy Mark Shorrock, Founder & Chief Executive, Tidal Lagoon Power Thomas Engelmann, Head of Investment & Transaction Management, Allianz Global Investors

\ \ \ \ 11.00 – 11.20 Morning break and business card exchange 11.20 – 11.45 Global influencer keynote address: “Innovation for Extreme Environments - the Central Role of Energy” Dr. Beatrix Schlarb-Ridley, Director of Innovation and Impact, British Antarctic Survey The talk will give an overview of British Antarctic Survey's infrastructure and the role innovation plays in staying a world leader in polar science and operations. It will highlight the challenges surrounding energy provision and indicate lessons that can be applicable to other infrastructure contexts. British Antarctic Survey (BAS) delivers and enables world-leading interdisciplinary research in the Polar Regions. Its skilled science and support staff based in Cambridge, Antarctica and the Arctic, work together to deliver research that uses the Polar Regions to advance our understanding of Earth as a sustainable planet.


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\ \ \ \ 11.45 – 12.30 Focus panel + Q&As: Corporate PPAs Q.

• PPA market developments • Emerging business models • Understanding merchant risk • Future of subsidy-free renewables in the UK • Are corporate PPAs the answer to subsidy free projects? • Long term corporate PPAs • Corporate PPA’s role in wind power projects • Securing financing for renewable projects in Europe

Panellists: Tor-Ove Horstad, Senior Vice President, Head of Commercial, Energy, Norsk Hydro ASA Tom O’Brien, Managing Partner, Brookfield Asset Managment & CEO, Brookfield Renewable Europe Zosia Riesner, Head of UK PPA, Lightsource BP Jason Simpson, Vice President, Global Energy and Utilities, Liberty Global Edward Northam, Head of Green Investment Group, Europe

\ \ \ \ 12.30 – 13.30 Lunch and business card exchange


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13.30 – 14.30 Infrastructure roundtables 5, 6 & 7 (running in parallel): 5. Infrastructure roundtable: Solar Q.

• Short term PPAs vs long term PPAs • Portfolio flexibility • Towards subsidy free projects • Attracting capital investment into energy efficiency and creating the demand • What aggregation model could work and how to make debt financeable in

energy efficiency space? • How renewables can power the UK without subsidy • Nissan Energy’s vision on every home and every car being powered by

renewable energy Roundtable speakers: Mike Lewis, Chief Executive Officer, E.ON UK Mark Hollands, Head of Energy Strategy, British Solar Renewables (BSR) Group Francisco Carranza, Managing Director, Nissan Energy Matt Setchell, Head of Octopus Energy Investments Hugh Brennan, Managing Director, Hive Energy

\ \ \ \ 6. Infrastructure roundtable: Offshore wind Q.

• Taking offshore wind vision beyond 2025 • The Crown Estate’s offshore wind update • Ensuring the transparency for the supply chain


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• Risk – reward attractiveness for institutional investors • Competitive financing in offshore wind • Towards subsidy free wind projects • Smart equity in maturing sector – getting right structure and right risk

allocation Roundtable speakers: Nick Buddicom, Vice President, Global Infrastructure Partners Pål Coldevin, Head of New Energy Development, Equinor ASA Huub den Rooijen, Director of Energy, Minerals and Infrastructure, The Crown Estate Steen Lønberg Jørgensen, Partner, Copenhagen Infrastructure Partners Erico Lima, Senior Lead Transaction Manager, Orsted Charles-Henry Lecointe, Senior Infrastructure Investment Manager, Legal & General Investment Management Low Carbon (senior representative)

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7. Infrastructure roundtable: Nuclear Q.

• Contribution to system • Replication • Competitive pricing • Potential delivery models for new nuclear • How financing models can be developed to attract institutional capital • Financing New Nuclear – the institutional financier’s view


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Roundtable speakers: Craig Lester, Deputy Director, Strategy Engagement & Innovation, Nuclear Directorate, Department for Business, Energy and Industrial Strategy Julia Pyke, Nuclear Development Director, EDF Energy Peter Atherton, Associate, Cornwall Insight Darryl Murphy, Head of Infrastructure Debt, Aviva Investors Charlotte Morgan, Partner, Global Energy & Infrastructure Group, Linklaters Daniel Grosvenor, UK Head – Nuclear, Deloitte

\ \ \ \ 14.30 – 15.30 Infrastructure roundtables 8 & 9 (running in parallel): 8. Infrastructure roundtable: Battery storage-wind and battery storage-solar Q.

• Creating a level playing field for battery storage • Future of battery hybrid systems • Can solar PV - battery storage and wind-storage accelerate at scale and

implications thereof • Unlocking battery storage co-location – the institutional Investor’s view

Roundtable speakers: Steve Shine, Executive Chairman, Anesco Noelia Abolafia-Rodriguez, Head of Energy Storage, Equinor ASA Simon Daniel, Founder and CEO, Moixa Isaac Vaz, Director, Infrastructure Equity, Aviva Investors David Post, Head of Thermal Generation Business Development, Enel SpA


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9. Infrastructure roundtable: EV battery storage Q.

• How can EV storage start selling back into grid? • What will transport electrification mean for grid? • The public-private Charging Infrastructure Investment Fund and catalysing

private-sector EV infrastructure investment • DSO, what is it and what will it mean for business? • UK Power Networks’ unique market insights and outline of EV-lution, an

internal cross-directorate programme to manage the increase in electric vehicle charge points Risks and opportunities from a networks perspective

• “Power challenge” that the EV revolution faces Roundtable speakers: Graeme Cooper, Project Director – Electric Vehicles, National Grid Dr. Axel Jaegle, Commercial Specialist, Infrastructure and Projects Authority Mark Walker, Country Manager UK and Ireland, eMotorWerk Ian Cameron, Head of Innovation, UK Power Networks Matt Allen, Chief Executive Officer, Pivot Power Graham Oakes, Founder & Chief Scientist, Upside Energy Stewart Reid, Head of DSO and Innovation, Scottish and Southern Electricity Networks 15.30 Chair closing address 15.35 – 16.00 Coffee break and business card exchange End of day

One Great George Street, London 31 October - 1 November …€¦ · One Great George Street, London...

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