Renewable Financings

2 Part Course | A comprehensive overview on renewable energy financing, covering key technologies, legal structures, risks, and documentation, with case studies and practical insights for finance and legal professionals.

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A one-day course presented over two-half days in a virtual class

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Download: Course Outline

Part One

Module 1: Global Trends in Energy Transition Financing and Renewable Energy Strategy and Sustainable Finance Targets

Overview of energy transition trends globally (volumes, growth rates, key growth areas, the main markets, and the key arrangers/lenders)
Key drivers (Paris Agreement, local regulation and microeconomic: energy security and wars in Ukraine and the Middle East) and challenges in renewable energy project financing
Explanation of why the Paris Agreement was and is so important
Overview of key definitions and terms used
Summary of current energy production both tradition and renewable
Summary of relevant renewables national and sector targets as well as their individual implementation strategies, with a particular focus on the difficulties in their achievement, both known and unknown
Net zero strategy and commitments to sustainable finance (incl. the importance of tracking progress accurately to avoid greenwashing accusations and litigations)
Update on current progress and related challenges
Summary of most common implementation strategies by some of the key players (both public and private)
Impact of the “Trump Effect”; and
5-question test with four multiple choice answers.

Module 2: Renewable Energy Sub-Sector Technologies

Overview of traditional technologies: wind turbines, solar panels, geothermal, biomass
Case studies such as Drax Energy (wood) and the “London Array”, Beatrice and Beatrice extension (offshore wind)
Summary of other current sub-sector examples such as HydroWing, MeyGen and Ocean Star Trial (tidal) and solar farms; Llanwern, Shotwick, West Raynham, The Grange, Larks Green, Snarlton Farm, and Eveley Farm
Exploration of innovative technologies: solar battery storage, offshore floating wind (“FLOW”), tidal energy, hydrogen, BECCS, thermal (“TES”) with CCUS etc), including cost/benefit analysis of each;
UK’s first ever geothermal project - Stithians/Eden Project, Cornwall
Summary of certain financing renewable energy project approaches; and
Emerging trends and their implications for renewables project financing.

Module 3: Renewable Energy Financing Mechanisms and Risk Mitigation

Overview of renewable energy financing mechanisms and their distinctions from regular project finance transactions
Key parties (SPV, lenders, guarantor, construction company, PPP/ offtake agreement buyers); and
Key risks in renewable energy projects (e.g. early start pre-construction stage, uncertainty about revenue streams, technological, regulatory, and market uncertainties) and mitigation strategies.

Part Two

Module 4: Documentation Process for Renewable Energy Finance

Introduction to documentation requirements for renewable energy projects (type of agreements e.g. recourse and non-recourse loan agreement with SPV, Intercreditor, performance bonds, and guarantee agreements, etc)
Key finance principles of project finance explained; such as debt repayment, risk allocation, recourse and non-recourse, common financial covenants and compliance
Importance of Economic Viability of all renewable energy projects
Overview of the LMA Green Loan template updated in November 2024
Financing Nuclear in the UK: The Regulated Asset Base (“RAB”) model v Contact for Differences (“CfD”)
Many renewable energy agreements will qualify as Green Loans for impact-tracking
Important of financing and future proofing in the document process; and
5-question test with four multiple choice answers.

Module 5: Key Funders’ Roles in Structuring, Documentation, and Facility Agency

Case studies: Examples of various UK and international stakeholder’s involvement in renewable energy projects (based on publicly available press releases).
- Sandford Hydro Trials, Oxford, UK;
- Rabobank - Environmental Planting Sequestration – Carbon Credit Units Scheme;
- The Cotmoor Solar Farm, Nottinghamshire, UK; and
- Neoen assets, new battery storage and solar – Australia

Module 6: Summary of key objectives and wrap up through interactive Q&A and presenter lead group discussion

Objectives revised
Key lessons learnt, across all renewable energy sectors
Unique finance factors of solar, offshore and on shore wind, carbon capture and nuclear
What’s next and key innovations, short, medium and long term; and
Participant feedback and evaluation.

With nearly thirty years of international experience in renewables and structured finance transaction management, this renewables training course expert has worked both in-house and in private practice, helping clients achieve their commercial and strategic objectives while mitigating risk and maximising value. His expertise spans asset finance, project finance, and trade finance, with a particular focus on the renewables, aviation and marine sectors.

His professional experience extends across key financial hubs, including London, Hong Kong, Singapore, Indonesia, Japan, Europe, and North America.

He is qualified in both Scots and English law and has previously been a registered foreign lawyer in Hong Kong and the Isle of Man. He is also the sole authorised legal advisor in the UK for the governments of the Republics of Kiribati and Tuvalu.

In addition to legal and financial advisory roles, he is an experienced industry trainer, collaborating with leading professional training providers to deliver specialised finance and legal courses.

Recognised by Legal 500 for his in-depth expertise in asset finance (shipping and aviation), project finance (LNG, oil & gas), structured finance, trade finance, and general banking, Redcliffe’s trainer has held senior positions in both in-house and private practice roles, including at Magic Circle firms. He has also authored numerous articles on marine and aviation finance and co-edited the Hong Kong chapter of Haines & McBain: Aircraft Encumbrances.

Key Experience & Notable Projects:

Advised the “London Array” and many other offshore wind projects and well as numerous on solar and related battery storage projects in the UK and Southeast Asia.
Held in-house contractual roles at Barclays, HSBC, Bank of Scotland, Lloyds, and several UK challenger banks, including Metro, Shawbrook, and Handelsbanken.
Served as sole legal advisor to two UK air ambulance charitable trusts on helicopter fleet management.
Provided legal guidance on commercial drone access rights in the UK and international markets, restructuring an existing UK product to align with new legal frameworks while optimising client benefits.
Acted as primary legal advisor for the launch of the first high-speed passenger ferry service between Hong Kong and Macau in over thirty years.
Overhauled the domestic and international trade terms for a major Middle Eastern sovereign oil and gas producer.
Advised an international lender syndicate on restructuring and recovery options in the largest UK trade finance fraud case of 2012-2013.

By the end of this training, its participants will:

Get an overview of trends in renewable energy transition financing projects around the world;
Learn about the types of renewable energy sub-sector technologies – traditional (wind turbines, solar panels, geothermal, biomass) as well as innovative (e.g. solar battery storage, offshore floating wind, tidal energy, green hydrogen production, BioEnergy with Carbon Capture and Storage (BECCS) and others;
Grasp renewable energy financing mechanisms, key risks and mitigants, and the differences from regular project finance transactions;
Understand the documentation process for renewable energy finance, particularly LMA Green Loan template, as updated in November 2024;
Recognize the key roles in structuring, documentation and facility agency functions for renewables energy projects based on publicly available case studies (press releases attached); and
Test newly acquired knowledge in real-world scenarios through a bespoke test questionnaire.

It is the renewables training course on the market with the most detailed content including case studies, past analysis and intro to the key structures and documentation;
It not only covers the technical legal aspects to be considered when reviewing or drafting renewable finance deals but also their unique structuring aspects;
The trainer is both a market and subject matter expert in this area and has spent almost thirty years in the structured finance/renewables field both in the UK and internationally. Both in private practice and inhouse;
Participants will benefit a great deal from the trainer’s own extensive hands-on experience and personal lessons learnt; and
The trainer is a multi-jurisdictional qualified solicitor with a background in Magic Circle law firms, international retail and investment banks. And as such has a very wide array of experience and skills earned from working on many and varied complex innovative transactions as well as more straightforward structured transactions. All across a wide range of multiple commercial sectors (focusing on energy, transport and other where renewables have a key and every increasing role to play).

This renewables energy course is essential for professionals across accounting, legal, banking, insurance, corporate, and investment sectors who are directly or indirectly involved in structuring, executing, or advising on renewables transactions.

Ideal Participants Include:

In-house legal professionals of all levels, from junior counsel to general counsel, engaged in structured finance and renewable matters;
Private practice lawyers, including paralegals, trainees, associates, senior associates, partners, and department heads responsible for drafting, reviewing, or negotiating and amending renewable and structured finance deals;
Banking and structuring professionals across all seniority levels (Analysts, Associates, VPs, Directors, MDs) working as Arrangers, Insurance Underwriters and brokers, Lead Managers, Security Agents, or Trustees in renewables and structured finance transactions;
Transaction managers and execution teams responsible for documenting renewables or other structured finance deals;
Senior corporate and banking executives (CEOs, CFOs, Treasury Teams) managing large asset portfolios and exploring renewables as a funding strategy;
Insurance firms engaged in renewable and structured finance transactions;
Institutional investors, including sovereign wealth funds, pension funds, and investment firms participating in renewables and structured finance markets;
Private equity, hedge funds, and asset managers engaged in renewables financings; and
Pension fund administrators overseeing structured finance investments.

Additional Professionals Who May Benefit from Redcliffe’s Renewables Training Courses:

Anyone interested in understanding the key risks, mechanics, and opportunities within renewables;
Compliance professionals responsible for overseeing renewables and structured finance transactions;
Accountants advising clients on renewables structures and financial implications.
Sales professionals involved in the placement or distribution of asset-backed securities and structured finance bonds;
Servicing agents managing securitised assets; and
Credit rating agency analysts assessing renewables transactions.

This renewables financing course delivers a deep dive into the structural, legal technical aspects of renewable (both traditional and alternative) project financing, offering practical insights into widely used structures in most Western financial renewable markets. Amongst other things you will the most common renewables sector and their current and potential future finance models used for these transactions and the detailed documentation involved.

This course is designed for legal professionals (both in-house and private practice), finance brokers, bankers, insurers, transaction management teams, compliance personnel, accountants, asset managers, and investors all involved in renewables project financing.

Key learning points include:

A high-level review of the most comment tried and tested renewable finance project models and their long-term market implications;
A structured breakdown of renewable finance transactions with particular focus through lecture, discussing and relevant case studies of their unique aspects;
An understanding of how multiple legal and regulatory frameworks interact in renewables financing, making it one of the most documentation-intensive transactions in finance; and
A practical exploration of the challenges involved in structuring deals, addressing multiple risks, and ensuring seamless execution.

This renewables finance course will guide participants through various structures, due diligence requirements, investor risk disclosures, and regulatory considerations. It will also provide a detailed analysis of security packages, cash flow waterfalls and refinance options, enforcement options in the event of default, and restructuring strategies.

Additionally, the course will cover essential renewable projects’ transaction documents, including closing mechanics, payment flows and any relevant legal opinion requirements

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(min. 50 participants)