Creative US and International Debt and Equity Fiancing ...

Creative US and International Debt

And Equity Financing Mechanisms For

Bioeconomy Projects And Technology

Companies

Panel: The Pitch ¨C Solving the Bioeconomy¡¯s Toughest Challenges

U.S. Department of Energy Bioenergy 2016

July 12 ¨C 14, 2016

Walter E. Washington Convention Center, Washington, DC

Mark J. Riedy | Partner

Kilpatrick Townsend & Stockton LLP

607 14th Street, NW

Washington, DC 20005

Work: 202-508-5823

Cell: 703-201-6677

mriedy@



? 2013 Kilpatrick Townsend

Mark J. Riedy, Esq.

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Has Represented Clients In Renewable And Conventional Energy (Fuels And Power And Infrastructure) Project Finance Since 1975,

Government Funding Initiatives (Grants, Loans, Loan Guarantees, etc.) Since 1980, And Clean Tech Private Placements Since 1999,

Domestically And Internationally.

A Founder And Original General Counsel:

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Renewable Fuel Association ¨C1979-1984.

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Clean Fuels Development Coalition ¨C Since 1985.

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Clean Fuels Foundation ¨C Since 1990.

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American Council On Renewable Energy/Biomass Coordinating Council ¨C Since 2001.

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Latin American Council On Renewable Energy ¨C Since 2009.

Member of the Finance Committee of the Alliance to Save Energy (2015 to present).

Assisted Clients In The Creation Of The Original Alternate Energy Tax Incentives In The 1978 And 1980 Tax Acts, And Their

Expansions And Extensions Thereafter.

Assisted Clients In The Renewable Fuels And Renewable Power Industries In The Development Of Provisions In The 1978 Public

Utility Regulatory Policies Act, 1983 Caribbean Basin Economic Recovery Act, 1990 Clean Air Amendments (And Reformulated

Gasoline Regulations Thereto), 1992 Energy Policy Act, 2005 Energy Policy Act, And The 2007 Energy Independence And Security

Act, 2008 and 2014 Food, Conservation And Energy Acts, And 2009 American Recovery And Reinvestment Act.

Named One Of The Top 100 Bioenergy Leaders Worldwide ¨C BiofuelsDigest ¨C 2011-2012 (#67), 2012-2013 (#50), 2013-2014 (#56),

2014-2015 (#49) and 2015-2016 (#42).

AV Preeminent Rating By Martindale-Hubbell For Last 20 Years.

Named One Of Washington, DC & Baltimore¡¯s Top Rated Lawyers For Business & Commercial By Legal Leaders and Wall Street

Journal For 2012-2016.

Vice Chairman For Project Finance, American Bar Association, Section For Energy & Natural Resources Since 2010.

Kilpatrick Townsend Ranked #1 Worldwide For Infrastructure Construction ¨C Chambers ¨C 2011-2015 and #1 in the U.S. in Intellectual

Property ¨C Chambers ¨C 2011-2016.

Graduated With JD ¨C Georgetown University Law Center And BA ¨C University of Michigan ¨C Summa Cum Laude And Phi Beta Kappa.

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Policies That Drive The Bioeconomy

To Achieve GHG Emissions Reduction/Sequestration Goals Directly or Indirectly

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Investments of $5.3 trillion in 0% carbon power, over the projected $7 trillion need for the renewable energy sector

over the coming decades, is needed by 2020.

Advanced Carbon Capture and Storage (DOE Grants for R&D).

US Department of Transportation (¡°DOT¡±) Federal Transit Administration (¡°FTA¡±) Transit Investment in

Greenhouse Gas & Energy Reduction (¡°TIGGER¡±) (DOT Grants).

To Achieve Greater Energy Efficiency

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ARPA-E funding (DOE Grants) for Advanced Biofuels and Renewable Power. On August 24, 2015, President

Obama announced $24 million for high performance solar projects through ARPA-E.

Advanced Biofuels and Renewable Power Funding (USDA REAP/Section 9007 Grants up to $500,000 per

applicant).

Efficient Clean Fossil Energy Systems (DOE Grants).

Sunshot Grant Program (DOE Grants for Solar Fuels).

Clean Energy Fund (broad-based DOE Grants).

USDA Rural Infrastructure Opportunity Fund ($10 billion investment commitment by Co-Bank and managed by

Capitol Peak (which is to raise an additional $10 billion) ¨C expect institutional investors to invest or loan ¨C includes

Advanced Biofuels, Renewable Chemicals, Biobased Products and Renewable Power).

Integrated Biorefineries Grant Program (DOE Grants).

DOE Pilot and Demonstration Facility Grants for Military Advanced Biofuels.

USDA, Navy, DOE, First Commercial Facility Grants for Military Advanced Biofuels.

Clean Diesel Grant/Program (EPA grants).

3 new USDA Rural Business Investment Companies (Made In and/Rural America - $150 million funds, Meritus

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Kirchner Capital - $100 million fund and Innova Memphis - $25 million fund for, each for equity investments).

Policies That Drive The Bioeconomy

To Integrate Urban and Rural Government Funding Programs to Increase US Energy

Security

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DOE Section 1703 Loan Guarantee Program, USDA Business & Industry (¡°B&I¡±) Loan Guarantee Program, USDA

Rural Energy for America Section 9007 Loan Guarantee and Grant Program (¡°9007¡± or ¡°REAP¡±), USDA Section

9003 Integrated Biorefinery Loan Guarantee Program, USDA Rural Utilities Service (¡°RUS¡±) Loan Program and

USDA Energy Efficiency and Conservation Loan Program (in the USDA RUS family of loans) for Advanced

Biofuels, Renewable Chemicals, Biobased Products and Renewable Power.

To Stimulate Economic Growth and Development of Economy, of Markets After 2008

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FTA Clean Fuels (DOT Grants).

Energy Efficiency & Renewable Energy (DOE Grants for Advanced Biofuels and Renewable Power).

Energy Policy Modernization Act of 2015 (S. 2012) ¨C would increase the development of clean energy

technologies (passed by the Senate).

Proposed Clean Energy Victory Bond Act of 2015 (H.R. 4162 ¨C Representative Lofgren (D-California) S.2860 ¨C

Senator Boxer (D-California)). $7.5 billion to raise revenue for the purpose of extending renewable energy tax

incentives through 2023 and 2024.

To Obtain Economically Feasible Energy Conversion Technologies

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Clean Coal-to-Liquid or Gaseous Fuel Technologies Grant Program (NSF Grants).

RFS efforts that encourage Advanced Biofuels and, in turn, the development and implementation of Advanced

Biofuels Technologies.

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Industry Highlights

Renewable Energy Generation Data

¨C A December 2015 report by FERC¡¯s Office of Energy Projects provided an update on existing and new

generating capacity of renewable energy in the US:

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Renewable energy accounted for 50% of all new US electric generating capacity installed in 2015, making it, for the first

time, the largest new generating segment of all new electric capacity.

New renewable energy generating capacity in January-December 2015 grew by 10% compared to January-December

2015.

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