Save the Date!

Dear colleague

Announcing the Renewable Energy Finance Forum (REFF) to take place on June 23-24 2004 at the Metropolitan Club in New York City, sponsored by the American Council On Renewable Energy (ACORE) and Euromoney Energy Events, a wholly owned subsidiary of Euromoney Institutional Investor PLC.

Why Now?

The Renewables finance market is vibrant and emerging in 2004-2005 with opportunities for both financiers and developers, offering significant economic gains with over $15 billion in annual installations of renewable energy systems around the world. The renewable energy markets are booming in Europe and beginning to emerge at a substantial level in the US.

What is New?

The aim of this event is to show the opportunities that exist in the RE finance market in the US and worldwide, educate the financial community about the important aspects of successful deals and risks to be avoided and bridge the gap between the US and European RE finance. This forum will be the professional focal point for major players within the US and international RE finance and development sector.

Program

The REFF program will consist of plenary sessions where top-ranked leaders of financial institutions and other organizations involved in RE will present and discuss financing techniques and best practices in RE finance. Sessions with industry-specific focus will allow discussions among participants. The evening networking reception on June 23 will provide an ideal opportunity for maximum interaction between the delegates and expert speakers.

Key focal points of the forum

* Why invest in renewables?
* Making RE deals financeable
* Increasing access to capital
* Case-studies of how RE projects are developed and financed
* Bridging the gap between the US and European RE finance
* Raising capital, sources of finance, and key issues by finance sector
* Private equity financing for projects and companies
* Project debt financing and risk management.

Speakers

Governor George Pataki has been invited and has staff support to attend. Top treasury and pension fund officials from several major states will speak. Top bankers and financial professionals from Wall Street and London will present their portfolios, and leading attorneys and accountants will speak on regulatory and tax matters, as well as risk mitigation. Top executives from RE manufacturers will speak on corporate commitments to renewables, and the leading developers of wind and ethanol projects will describe the marketplace.

Participants

The conference will appeal to all levels of management and professions in US and international financial institutions: commercial banks, investment banks, asset managers, project finance, structured finance, venture capital, private equity, public equity; lawyers, accountants, financial consultants, CEOs, CFOs and other industry groups involved in RE.

Produced by

REFF is produced jointly by the American Council On Renewable Energy (ACORE) and Euromoney Energy Events, a wholly owned subsidiary of Euromoney Institutional Investor PLC, building on ACORE's all-renewables leadership in the US, including its successful Power-Gen Renewable Energy trade event in Las Vegas, plus Euromoney's proven track record on its prestigious and highly acclaimed London-based Renewable Energy Finance Forum.

This is a team that has proven success at producing the highest-quality finance and business conferences in renewable energy.

More information

The full conference brochure is in production and will be available shortly. For additional information, please see the conference web site at: www.euromoneyenergy.com

We hope to see you and your colleagues in New York on June 23-24 2004. Please save the date!

Yours faithfully