Events

UNEP FI Renewable Energy Finance Workshop

27 September, 2004 | Budapest, Hungary

The UNEP FI Renewable Energy Finance Workshop, held in collaboration with the Sustainable Energy Finance Initiative (SEFI), attracted more than 90 participants from the international and local financial sector, NGOs, project developers and governmental agencies. The large number of participants and the vibrant discussions showed that renewable energy and energy efficiency in Central and Eastern Europe is an important and growing field of interest.

The aim of the day was to discuss experiences in financing renewable energy in the countries of Central and Eastern Europe in order to spread best practice. Presentations were held by key players in the renewable energy field, including Bank Austria Creditanstalt, Fortis Bank, OTP Bank.

During the day, Mark King (EBRD), the Chair of the Central and Eastern European Task Force, presented the planned activities of the task force and the results of the study, “Finance & Sustainability in Central and Eastern Europe” (PDF: 423 KB). OTP Fund Management, the largest fund manager in Hungary, took the opportunity to sign the UNEP FI Statement as the first asset management company in the CEE region.

Documents

• Press release: UNEP launches new Sustainable Finance Initiative in Central and Eastern Europe (PDF: 193 KB)
• UNEP FI CEE Taskforce Launch Announcement (PDF: 145 KB)
  Mark King, EBRD, & Chair, CEE Taskforce

Presentations

• Chairman's Opening Remarks
  Paul Clements-Hunt, Head of Unit, UNEP Finance Initiative

Regulation & Public Policy - Creating Financially Attractive Markets

• Green Subsidiarity from a Carbon Economy Perspective  (PDF: 208 KB)
  Seb Walhain, Fortis Bank
• Developing an ESCO Industry in the European Union (PDF: 251 KB)
  Paolo Bertoldi, European Commission

Mitigating Risk Management

• Financing Sustainable Energy Projects in the CEE (PDF: 334 KB)
  Christian Unger, Bank Austria Creditanstalt
• Risk Management in Practice - The Case Study of Pannongreen Project (PDF: 1.1 MB)
  Eva Revesz, OTP Bank
• Effective Risk Management Tools for “Green” Projects in Eastern European, Central European, and CIS Countries (PDF: 163 KB)
  John Palmisano, Energy & Environmental Capital

Attracting Venture Finance

• Keys to Successful Private Equity Raising - Renewable Energy in Central and Eastern Europe (PDF: 218 KB)
  Alex Mayhook-Walker, Ceres Capital
• How to Attract Private and Institutional Investors in Renewable Energy (PDF: 283 KB)
  Max Deml, Oeko-Invest

Micro-Finance

• Moving Beyond ESCOs (PDF: 900 KB)
  Lansing Gatrell, EETEK
• Securing Fuel Supply a Precondition to Project Finance (PDF: 683 KB)
  Michael Wild, European Bio Energy Services

The Road Ahead

• Bureaucrats and Businessmen: Limitations of "Carbon Finance" in CEE (PDF: 164 KB)
  James Atkins, Vertis Finance
• Panel Debate: Future Financing Initiatives