Expert Details

Expert in Financial and Regulatory Trends for the Renewable Energy Sector, in particular Solar PV

Expert ID: 729515 Italy

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Expert has been in Investment Banking since 1986. He has worked since then for leading international banks, in which he has been Head of Credit, Head of Structured Finance and Head of Project Finance. Expert has worked continuously in Project Finance since 1995. He has structured or evaluated and managed most of the Project Finance transactions that have been closed in the Italian market and lso worked or assessed transactions in other European markets. Since 2004 he is fully dedicated to the energy sector, of which he has a deep knowledge, as he has been responsible for the relationship with large integrated energy companies, utilities, power producers, gas suppliers and distributors and renewable energy investors. Since 2004 he has headed a team doing corporate and project finance for the energy sector in Italy and Switzerland.
In 2008 Expert became the competence center for Solar PV in a major international bank. He has worked on many deals in Italy, Spain and France. He founded the Grid Parity Association, a group of experts, who promote knowledge of the Solar PV technology and industry and discuss with regulatory bodies industry associations about crucial issues for the industry, such as grid parity, sustainable incentives to renewable energy, grid constraints, energy policies, etc. He is in the Executive Commitee of the Grid Parity Project Association and is the owner of their Linked In Group.
Expert is a well known figure in the banking sector and in the Renewable Energy Industry, because of his long experience, his material contribution to historic deals (especially in the Italian market), of his lectures frequent lectues, articles, interviews, etc.
Having been a Department Head for over 15 years in top international banks, Expert has a deep understanding of the bank decision processed and key focus points in financing and investment decisions. He's very knowledgeable on bankability issues, expecially with regards to renewable energy investments.
Expert's macroeconomic background allows him a deep understanding of economic implication of energy issues, He has a very deep knowledge of regulatory developments in Italy and a very good knowledge of policies and trends in Europe.
Expert speaks perfect English, but can also have a consultation in French, German or Italian.

2010. Consultation to a large multinational company, wishing to acquire a solar PV material producer.
Expert answered, among others, the following questions:
"How to ensure that the acquired company can successfully compete on the European market?"
"What is needed to achieve bankability of Solar PV material ?" 2010. Consultation to an American fund manager investing in renewable energy assets.
Expert answered, among others, the following questions:
"How much power grid capacity constraints are limiting the revenue generation capacity of renewable energy producers on the Italian market?"
"What is the current situation of the Italian power generation assets and wich are the current trends of the Italian energy policies ?"
2010. Consultation to a Chinese producer of Solar PV material, wishing to expand his presence on world's second largest market by installed capacity:
Expert answered, among others, the following questions:
"How to make my modules suited to be chosen by investors?"
"How to overcome the banking system's reluctance to lend for long tenors (15-20 y)?"
"How to gain recognition for my products on the Italian territory'"2010. Consultation to an equity investor.
Expert answered, among others, the following questions:
"What is happening to the italian Green Certificate system?"
"Shall we abandon wind energy investments in Italy?"
"Which regulatory changes are probably going to be enacted over the next few years in the Italian energy system?"2009. Consultation to an equity investor.
Expert answered, among others, the following questions:
"What are the outlooks of the Spanish energy market?"
"Why are renewable energy incentives being brutally cut?"
"Which Eurpean countries and subsectors offer interesting and less risky opportunities to investors?"

Education

Year Degree Subject Institution
Year: 1985 Degree: PhD (equivalent) Subject: Economic and Social Disciplines Institution: Bocconi University in Milano

Work History

Years Employer Title Department Responsibilities
Years: 2004 to Present Employer: Undisclosed Title: Managing Director, Head of Energy and Utilities Italy Department: Energy Responsibilities: Expert is in charge for coverage and project finance activities for Italian and Swiss companies of the energy sector (gas, power, waste to energy and renewables).
Years: 2008 to Present Employer: Undisclosed Title: Member of the Executive Committee Department: Executive Committee Responsibilities: Expert is a Founding Partner of this influential non profit association, aimed at promoting knowledge of the solar PV technology and of debating relevant issues with regulatory bodies, public decision makers and industrial associations of renewable energy producers.
Years: 1999 to 2004 Employer: HypoVereinsbank (initially called Bayerische Vereinsbank) Title: Diector/Head of Project and Asset-based Finance Italy Department: Project and Asset-based Finance Responsibilities: Expert headed for many years this unit, at Hypovereinsbank Milan Branch.
This large unit arranged and financed large projects in Energy, Transportation & Infrastructure, Industry, Telecom, Renewables, Waste to Energy, etc.
Expert closed also a few shipping and other asset based deals.
Years: 1994 to 1999 Employer: Bayerische Vereinsbank (later rebranded HypoVereinsbank) Title: Director/Head of Risk Management & Structured Finance Department: Risk Management & Structured Finance Responsibilities: Expert headed Risk Management and Structured Finance activities in Italy, including Project Finace, Asset-Backed deals and Acquisition Finance.
Structured Finance activities were a start-up in 1995 in Italy but they grew spectacularly over the following years. Expert examined practically all, and structured or financed many Italian projectsin all industry sectors.Among the most famous are:
Rosen, Isab Energy, Api Energia, Sarlux, Omnitel, Sviluppo Sud, Lomellina Energia, Tecnoborgo, Frullo Energia Ambiente, Edens, etc.
Expert joined the structuring of the first Mortgage Backed Securitization deal in Italy (Banca del Salento) as liquidity provider and hedging bank, and some ABS deals.
Carko also contributed to the structuring of the first large Acquisition Finance deals in Italy (Ducati, SEAT, Telecom Italia, Aeroporti di Roma,...).
Years: 1991 to 1993 Employer: Bayerische Vereinsbank (later rebranded HypoVereinsbank Title: Department: Multinational Desk Responsibilities: Expert looked after large corporate clients of the Italian branch of Bayerische Vereinsbank, mostly multinational companies.
Years: 1986 to 1991 Employer: Deutsche Bank Title: Department: Responsibilities: Expert worked for 2 years in Germany (Ludwigshafen and Frankfurt) and for about 3 years in Italy (including a training period in London). Expert has been Relationship Manager in the Multinational Desk and the German Desk in Milano.

International Experience

Years Country / Region Summary
Years: 1987 to 1988 Country / Region: Germany Summary: Expert worked in Deutsche Bank in Ludwigshagen and Frankfurt to gain a solid credit background for his next origination job in the corporate relationship desk of Deutsche Bank.
Years: 1990 to 1990 Country / Region: U.K. Summary: Expert worked in the Global Markets area of Deutsche Bank London to improve his investment Banking training with the knowledge of hedging instruments.
Years: 1990 to 1990 Country / Region: Germany Summary: Expert improved his knowledge of investment banking products (project finance, acquistion finance, etc)

Career Accomplishments

Associations / Societies
Grid Parity Project Association: Founding Partner & Member of Executive Committee.
Professional Appointments
Managing Director, Head of Energy & Utilities Italy, BNPP Fortis

Additional Experience

Training / Seminars
Expert has regularly delivered lectures and presentation and the S.A.F.E. Master Energy Course in Roma from 2005 to 2009.
Expert has delivered presentations and lectures for the Kyoto Club Association from 2005 to 2008.
Expert delivers presentations in his activity for the Grid Parity Project Association, the last one on November 2011 at the HQ of the Italian Grid System Operator.
Marketing Experience
Expert is in the Executive Committee of the Grid Parity Project Association, a non profit entity with the aim to measure the effective cost of energy production from Solar PV and promote knowledge of Solar PV technology. The founding members have different industry backgrounds and technical competences, which allow them a comprehensive insight of the Solar PV sector. The Grid Parity Association has recently created a JV with Asso Energie Future. The JV joins 20 key players in the Solar PV industry and debates crucial issue for the sector with regulatory authorities, public bodies and other industry associations.
Other Relevant Experience
Expert is very knowledgeable on energy and renewable energy issues, including economic and policy implications, regulatory developments, strategic outlooks, etc.

Language Skills

Language Proficiency
English Expert's knowledge of the language corresponds to that of a native speaker
Italian Expert is a native Italian speaker
French Expert speaks very well and can have a consultation in French.
German Expert speaks well.

Fields of Expertise

alternative energy, banking, core banking, debt, economic analysis, electricity market, energy economics, energy finance, energy market analysis, energy market development, finance, foreign language, international economics, investment banking, language, loan, money, photovoltaic energy system, project appraisal, project finance, renewable energy source, renewable resource, solar energy, solar energy system, wind energy, equity, international relations, military doctrine, geopolitics, wind farm, energy law, core banking system, macroeconomics, French, economic impact, language interpretation, French language translation, European language translation, international banking, international affairs, international finance, corporate finance, economic research, international development, business analysis, strategy, portfolio, economic development, swap, derivative (finance), commodities, bond, private equity fund, investment, business valuation, energy supply, energy industry behavior, electricity price, natural resource economics, business ethics, business strategy, business operations, environmental economic analysis, international investment, business management, solar power supply, solar panel, language translation, solar technology, linguistics, natural resource, economics, electric energy generation, energy generation, geography, photovoltaic effect, photovoltaics, environmental impact assessment, wind energy system, energy system, renewable energy system, environmental impact, energy, project management, fossil fuel

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