Climate change, optic fiber networks, regulation, access to emerging markets, ... :
innovative solutions for new challenges
||Welcome coffee and registration
Michel COJEAN, Senior Advisor, Paris EUROPLACE
Caroline LEBOUCHER, COO, Business France (Invest)
Jean BEUNARDEAU, CEO, HSBC France
Jérémie PELLET, Deputy CEO, Agence Française de Développement (AFD)
Pedro ARIAS, Global Head of Real & Alternative Assets, ComEx Member, Amundi
Thomas WILLIAMS, Managing Editor, Infranews
Financing low carbon and climate resilient infrastructure in the wake of the Cop 21 Paris Agreement: the need for innovation
In 2015, the Paris agreement has set the goal of limiting global warming under 2°C and most countries have published a national plan to contribute to this goal. While the need for new infrastructure is estimated at US$90 trillion between 2015 and 2030, investment choices in the coming years will be decisive for achieving the goals of reducing carbon emissions and adapting economies to climate change. New infrastructure compatible with climate goals will not necessarily cost much more, but they will require right policies, public and private finance, new skills and innovations from financial actors.
This workshop brings together developers, public and private investors and asset managers that all have successful track records in financing green infrastructure.
Pierre DUCRET, Special Advisor on Climate Change, Caisse des Dépôts Group ; Chair of Institute for Climate Economics - I4CE
Sébastien CLERC, CEO, Voltalia
François-Yves GAUDEUL, Director Infrastructure Debt, Allianz Global Investors
Christopher KNOWLES, Head of Climate change and Environmental Division, European Investment Bank (EIB)
Jean-Pascal PHAM-BA, Co-founder, Engie Solar; Secretary General and Spokesperson, Terrawatt Initiative
Alain QUINET, CEO, SNCF Réseau
Julien TOUATI, Corporate Development Director, Meridiam / Long Term Infrastructure Investors Association (LTIIA)
Financing superfast broadband across Europe: the emergence of a new asset class?
The French government launched in 2013 a €20 billion ambitious program to equip the country households with high speed technologies, essentially optic fiber. Other strategic initiatives are also ongoing in other European countries, notably in Ireland and Italy.
The largest broadband project finance closed so far (Nord-Pas-de-Calais broadband) has been awarded Telecom Deal of the Year 2016 in Europe by Project Finance International, and there is a pipeline of new projects that will come to the market in the next two years. For the financiers, these hybrid projects mix features of infrastructure finance and merchant telecom risk (revenues paid by Internet Service Providers).
The workshop brings together developers, financial investors, public authorities and banks, to address key strategic and financial issues related to the emergence of this new asset class.
Denis de PAILLERETS, Global Co-Head Telecom, Media & Technology Finance Group, Société Générale CIB
Salim BENSMAIL, Managing Director, Fininfra, Directorate-General of the French Treasury
Gabrielle GAUTHEY, Head of Investment and Local Development, ComEx Member, Groupe Caisse des Dépôts
Emmanuel GILLET-LAGARDE, Global Head of Infrastructure & Projects, Natixis
Stéphane GRANDGUILLAUME, Partner, 3i Group plc
Sébastien PEJOAN, MD Project Finance Department, Bouygues Construction
Trends in infrastructure finance: when regulation fosters innovation in LT financing solutions
In the wake of the financial crisis, the European infrastructure markets have been profoundly reshaped by public and private sector initiatives bringing new sources of long term financing for Infrastructure projects. With the impulse of the EU Capital Markets Union Action Plan, European and national-level regulators have set the scene for institutional investors and asset managers to join forces with banks in providing innovative financing solutions.
While at the European level Solvency II is now recognizing Infrastructure as a specific asset class, and ELTIF is facilitating pan-european access to investors, France has also championed initiatives (Fonds de Prêts à l’Economie, Société de Libre Partenariat, direct lending, …) helping asset managers and investors play a significant role in infrastructure financing alongside the banks. With regards to bank lending, the European Commission has recently proposed to lower capital requirements for infrastructure under CRR2 is welcome, though uncertainties remain as to the outcome of the Basel IV negotiations.
In this workshop, European authorities, regulators, banks, investors and asset managers will discuss their evolving roles and interactions, as well as key challenges ahead.
René KASSIS, Head of Private Debt, La Banque Postale AM, Chairman of AFG’s Infrastructure Committee
Mikael COHEN, Chief Investment Officer, CNP Assurances
Thierry FRANCQ, Deputy CEO, Commissariat Général à l’Investissement
Martin MERLIN, Director, DG FISMA, Regulation & Financial Supervision of financial institutions, European Commission
Matthew NORMAN, Global Head of Infrastructure, Crédit Agricole-CIB
Philippe SOURLAS, Deputy Head of the Asset Management Directorate, Autorité des Marchés Financiers (AMF)
Emerging markets: how can developers/investors contribute to sustainable growth?
It is unanimously recognized that huge amounts of CAPEX will have to be invested to pave the way of sustainable development in emerging markets and that the magnitude of the related financing needs will require the mobilization of private funds both at equity and debt levels.
Whilst liquidity is overabundant and low interest rates push investors out of their former comfort zone, they nonetheless need investment grade (or close) rated projects to invest in. This requires first the best possible project organization in the destination country, then an optimized blending of public and private financial inputs, a project development and structuring activity in which all participants to this workshop are skilled practitioners.
Pierre SORBETS, Managing Director, Vice Chairman Public Sector, HSBC France
Mehdi BENJELLOUN, Project Structuring, Masen
Thierry DEAU, CEO, Meridiam
Emmanuelle MATZ, Head of Energy & Infrastructure, Proparco
Christopher MILLWARD, Head of Europe, Multilateral Investment Guarantee Agency (MIGA)
Romain VERZIER, Head of Structured Finance, Vinci Concessions
Thierry de LONGUEMAR, Vice President Chief Financial Officer, Asian Infrastructure Investment Bank (AIIB)
Michel SAPIN, Minister of Economy and Finance
* To be confirmed