• #101 - FROM RESOURCE ASSESSMENT TO CLIMATE CHANGE: WEATHER AND CLIMATE EFFECTS ON RENEWABLE ENERGY PROJECTS
• #102 - RECs 101
• #203 - UNCOVERING THE FULL RENEWABLE ENERGY POTENTIAL
• #204 - BUSINESS FINANCE FOR POWER GENERATION PROFESSIONALS

Basics of weather and climate (Ken Westrick)

• Mechanisms responsible for the fuel: wind, solar, and precipitation.
• Weather and climate: what is the difference and how it effects operations and assessment.
• Spatial variability of weather and climate phenomena and the effect on generation.
• Interaction of weather and climate variability among wind, solar and hydro projects.

Wind Energy (Scott Eichelberger/Pascal Stock)

• Basics
• Forecasting: How it¿s done and the value of the information.
Site assessment: It¿s more than "it's windy here!"
• Estimating the value of your wind resource.

Solar Energy (Bart Nijssen/Pascal Storck)

• Basics
• Site Assessment: Where should you build your solar project?
• Estimating the value of your solar project.

Hydro Power (Pascal Storck/Bart Nijssen)

• Basics
• Forecasting for operational optimization and strategic planning
• Site Assessment for the new low-impact hydro technologies.

Climate Change (Scott Eichelberger)

• Basics of climate change, separating facts from fiction
• Latest trends and their implications on operating, financing, and renewable energy projects

Workshop Instructor Biography
Kenneth Westrick, Chief Executive Officer, 3TIER

Dr. Storck has over 10 years of experience in surface water hydrology, flood forecasting, distributed hydrologic modeling and climate change assessment on hydrologic resources. Dr. Storck is president and co-founder of 3TIER Environmental Forecast Group, a company that specializes in numerical weather prediction and real-time wind energy and streamflow forecasting throughout the world. Prior to joining 3TIER, Dr. Storck spent two years as a research scientist at the University of Washington, Seattle, where he was an integral part of the research on flood forecasting and climate change effects in the Pacific Northwest. Dr. Storck received a BS in Agricultural and Biological Engineering from Cornell University, Ithaca, New York, in 1992, an MS in Civil and Environmental Engineering from the University of Illinois, Urbana, in 1994 and a PhD in Civil and Environmental Engineering, University of Washington, Seattle, in 2000.

Dr. Nijssen joined 3TIER in fall 2005 as Director of Research, Development and Deployment. From 2001 through 2005 he was assistant professor at the University of Arizona, where he held a joint appointment in the Departments of Civil Engineering and Engineering Mechanics and the Department of Hydrology and Water Resources. At the University of Arizona, Dr. Nijssen taught graduate and undergraduate classes in surface water hydrology and fluid mechanics, advised graduate students, and conducted research in the development and application of surface water hydrological models. Prior to joining the University of Arizona, he was a research scientist and research assistant at the University of Washington and briefly worked as a software engineer in the private sector. Dr. Nijssen is lead or co-author of four book chapters and more than twenty publications in peer-reviewed scholarly journals. Dr. Nijssen received a ¿ingenieur¿ (MS) degree in Tropical Land and Water Management from Wageningen Agricultural University, The Netherlands, in 1991 and a PhD in Civil and Environmental Engineering from the University of Washington, Seattle, in 2000.

Dr. Eichelberger joined 3TIER in 2006 as a Research Meteorologist. From 1998 through 2005, he was a Research Assistant at the University of Washington in the Department of Atmospheric Sciences. At the University of Washington, Dr. Eichelberger conducted research on the large-scale variability of the atmosphere using numerical models. This research focused on understanding the dynamics of the Northern Annular Mode (Arctic Oscillation) and the Brewer-Dobson circulation. Dr. Eichelberger received a BS in Meteorology and Mathematics from Texas A&M University, College Station in 1998 and an MS and PhD in Atmospheric Sciences from the University of Washington, Seattle in 2001 and 2005, respectively.

Course Overview and Objectives
Renewable Energy Credits or RECs (also known as green tags and Tradable Renewable Credits) have become an increasingly important component of the expanding renewable energy landscape. A financial instrument initially created to facilitate voluntary green power purchases, RECs are an effective tool for market based regulatory strategies such as Renewable Portfolio Standards. This course will provide participants with a basic overview of REC markets: who are the buyers, who are the sellers, and who makes the rules. Questions to be addressed include: Why are some RECs worth $0.50/MWh while other RECs are worth $50.00/MWh? Where exactly does the money go? What does electricity delivery have to do with RECs? Why are certain policymakers overseeing REC rules? Do RECs affect air quality or climate change? How do REC markets interact with other emerging trading schemes? Are utility companies the primary REC purchasers? What six things do buyers care about most?

If you wish to incorporate knowledge of emerging Clean Energy Markets into your business strategy, and if you would like your REC questions answered by experts, this course is for you.

• REC basics
• Verification and Accountability
• Overview of technology and fuel eligibility
• Explanation of ¿buy local¿ trend
• Interplay with Air Emissions and GHG credits
• Resources and strategies for keeping current on REC developments

Workshop Instructors' Biographies

Prior to joining CSG, Ms. P?rez helped develop a comprehensive filing system for the first Compliance Year of the Massachusetts Renewable Portfolio Standard at the Division of Energy Resources (DOER). While at the DOER, she also worked on developing Wind on Agricultural Lands on Cape Cod, and researched policy recommendations regarding small-scale hydropower and alternative fuel vehicles.

Other prior experience includes working and leading sustainable development projects in Brazil, Nicaragua, Kenya, and Ecuador. Ms. P?rez is a graduate of St. Mary’s University in San Antonio, Texas, and has a Masters in Sustainable International Development from Brandeis University.

Prior to joining CSG, she worked at the U.S. EPA Region One, collaborating with members of the legal staff from the Office of Environmental Stewardship and the Office of Regional Counsel on various issues. She also worked as a law clerk and held other research positions, including positions with the Massachusetts Department of Environmental Management and the Conservation Law Foundation.

Instructors
Lisa Frantzis, Director; Richard Germain, Associate Director; Ryan Katofsky, Associate Director; and Michele Rubino, Managing Consultant, Navigant Consulting

Session 1, 8:00 AM - 11:00 AM: Renewable Energy Technology, Economics, and Markets--Bringing Renewable Energy Into the Mainstream

Session 1 Overview and Objectives
Focused on power generation, this session will provide participants with a solid understanding of RE (RE) technology performance, markets, costs, and trends. The technologies covered will include: land-based and offshore wind power, customer-sited and central station photovoltaics (PV), solar thermal electric, landfill gas, biomass co-firing, biomass gasification, biomass direct combustion, geothermal power, small hydro, and wave and tidal power. Participants will gain experience-based insights into the current state of these technologies and markets, and their prospects for the next ten years. Factors to be discussed include technology drivers and challenges, economic and performance trends, the impact of incentives, and transmission and distribution.

Session 2, 11:00 AM - Noon: A Renewable Future for Transportation Energy--Biofuels Today and Tomorrow

Session 2 Overview and Objectives This session will focus on conventional and second generation biofuels technologies: corn ethanol, cellulosic ethanol, biodiesel and other biomass to transportation fuels pathways. Biofuels markets and policy drivers will then be discussed, focusing on key regional markets and the emergence of a global marketplace. We will also discuss the integration challenges of using biofuels as a petroleum extender vs a petroleum replacement. Lastly, the convergence of the transportation energy and power generation value chains on the same energy resources, and the impact of such convergence, will be discussed.

Session 3, 1:00 PM - 3:00 PM: Renewable Energy Project Development¿Where the Steel Meets the Ground

Session 3 Overview and Objectives The growing attractiveness of RE is focusing attention on how to develop a successful RE project. What are the challenges to getting projects designed, built, and financed? Is there a proven approach that will help ensure a project is completed successfully? What are the technology, market, and finance barriers that seem to impede the progress of RE development? What is the profile of a successful project? Today, these questions are relevant to project developers and investors as well as power purchasers such as utilities that may be considering options for building facilities vs buying energy. This course will provide participants with an overview of the project development cycle. The Navigant Consulting course leaders will discuss a series of development phases.

Lisa Frantzis, Director, Renewable & Distributed Energy, Navigant Consulting
Ms. Frantzis has 27 years of consulting experience in technical, market, and economic analyses of RE systems. She has assessed technology and market potential and cost reduction opportunities for onshore and offshore wind, photovoltaics, concentrating solar power, marine power, and geothermal technologies, and the RE market broadly. A leader of visioning workshops on energy and RE for the U.S. Navy, DOE, and EPA, Ms. Frantzis has provided renewables strategy, development, and integration assistance to a wide range of organizations. Phone: 781.270.8314; E-mail: lfrantzis@navigantconsulting.com.

Ryan Katofsky, Associate Director, Navigant Consulting
Mr. Katofsky has more than 13 years of consulting experience, focused on the assessment and commercialization of advanced energy technologies, such as fuel cells, gas turbines, and RE systems. He has particular expertise in biomass energy. He has worked on a variety of RE projects, including partner screening and identification for strategic investment in RE businesses; RE strategies for electric utilities and energy companies; technology, emissions, economic and market assessment; and proposal and program review for Federal and State RE programs. He has also worked extensively in the field of alternative transportation fuels. Phone: 781.270.8317; E-mail: rkatofsky@navigantconsulting.com.

Richard Germain, Associate Director, Navigant Consulting
Richard Germain has been involved in the energy industry for more than 20 years. His practice at Navigant Consulting combines industry analysis with transaction strategy, concentrating on RE, alternative fuels, and advanced energy technologies. He has advised companies on new energy investment opportunities, been involved in developing, financing, and negotiating contracts for more than $5 billion in new electric generation and transmission project investments; and had P/L responsibility for a portfolio of operating power plants with a gross capacity of over 1000 MW. He was a principal contributor to a project that led to the creation of a statewide Bioenergy Action Plan and Governor¿s Executive Order on Bioenergy for the State of California. Phone: 415-356-7177; E-mail: rgermain@navigantconsulting.com.

Michele Rubino, Managing Consultant, Navigant Consulting
Michele Rubino assists clients in biofuels and biomass energy, with a focus on their impact on the global energy and agricultural markets. He was involved in the financing, construction and start-up of biofuels projects in the U.S and Europe and managed global operations for the biofuels divisions of a major oil company and agribusiness. He has a solid understanding of the evolving technologies and policies impacting the industry. His experience extends into the renewable power generation sector, where he is involved in technology, policy and market assessments in addition to due diligence and market entry strategies for private sector clients. He has recently done some detailed work in the area of environmental finance, analyzing markets for renewable obligations, carbon credits and offsets. Phone: 781-270-8303; E-mail: mrubino@navigantconsulting.com.

Instructor
John M. Hynes, Partner, Excidian, LLC

Intended Audience and Course Objective: This course is aimed at all job titles, whose duties relate directly or indirectly to capital investment decisions regarding the production of electricity. These job titles could include power plant managers / engineers, project managers, OEM sales and technical representatives and entrepreneurs / research and development. The course is designed to provide participants with financial knowledge that will assist them in making sound business decisions based upon fundamental principles of business finance.

Course Overview: This course provides a detailed review of key aspects of business finance as applied to the power generation industry. The course has four content areas:

1. Financial Statements

Participants learn basic concepts of accounting and how the three major financial statements are constructed. Balance Sheet, Income and Cash Flow statements are studied using short, interactive exercises to demonstrate how routine business transactions impact each statement. Participants learn how these three major financial statements are interconnected by studying the impact they have on each other as routine business transactions are recorded.

2. Financial Analysis and Ratios

Participants then learn how to calculate key financial ratios and how to interpret those ratios to analyze the status of a company¿s financial health.

3. Break-Even Analysis

The differences between financial and managerial income statements are taught so that the participants can correctly categorize costs as either variable or fixed. Next, participants learn how to calculate contribution margin and then perform a simple break-even analysis.

4. Capital Investment Decision Analysis

After learning how to calculate break-even points, participants learn the time value of money and how to calculate present value and net present value.

• Exercises are customized for power generation.
• Instructor led, hands-on, application-oriented learning.
• Combines lecture with large and small group activities.
• Participant workbooks follow facilitator¿s PowerPoint presentation.
• Interactive with question and answer sessions throughout the course.
• Relevant. Facilitator relates teaching points to current financial news.

Workshop Instructor Biography

John M. Hynes, MSEE, MBA, Partner, Excidian, LLC
John began his career in the energy industry in 1983. He developed and facilitated technical training programs for nuclear operators, telecommunications technicians, relay protection technicians and high voltage equipment maintenance technicians before moving on to senior positions in sales, marketing, and strategic planning.

John used his financial skills to design production optimization models for heavy manufacturing clients, analyze the profitability of business and marketing plans, perform due diligence on targeted acquisitions and determine the valuation of businesses selected for investment. Drawing on perspectives gained from his wide-ranging background and real-world management experience John develops and facilitates Excidian's Business Finance and Energy Industry Knowledge programs.