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Course Introduction
Course Objective
Learning Outcomes
Introduction to Project Neptune – Case Study and Analysis Tasks
Project Neptune: Information Memorandum
Project Finance Basics
Project Finance Basics Quiz
Introduction to Advanced Project Finance Model
General Inputs and Assumptions
Understanding Depreciation, Amortization, and Goodwill
Engineering, Procurement, and Construction (EPC) Agreement
Construction and Development Costs
Understanding Interbank Offered Rates
Time-Dependent Inputs
What is a Power Purchase Agreement (PPA)?
MW vs. MWh: Clarifying the Difference
Unveiling Full Load Hours
Comparing P50, P75, and P90 Energy Yield
Standard Uncertainty and its Influence on Energy Yield Distribution
Renewable Energy Basics Quiz
Power Generation and Revenue Assumptions
Fixed and Variable Operational Expenditures (Opex)
Decommissioning Reserve Account Setup
Interpreting the Debt Service Coverage Ratio (DSCR)
Debt Sculpting with Target DSCR
Understanding the Loan Life Coverage Ratio (LLCR)
Interest Rate Swaps: Understanding and Implementing Hedging Strategies
Interest Rate Swaps Quiz
Senior Debt - Sculpted Tranche
Introduction to a Debt Service Reserve Account (DSRA)
Debt Service Reserve Account (DSRA)
Introduction to Letters of Credit (LCs)
Letters of Credit in Project Finance Quiz
Letters of Credit (LCs)
Equity, Shareholder Loan, and Dividend Assumptions
Tax Assumptions and Finalizing the Debt Sizing Case
Introduction to a Debt Service Reserve Facility (DSRF)
Step-by-Step Implementation of DSRF in the Financial Model
Understanding the Internal Rate of Return (IRR)
Case Study IRR Optimization: DSRA vs. DSRF
Scenario 1: Debt Sizing (Bank 1 Proposal)
Interpreting the Net Present Value (NPV)
Scenario 2: Equity Base Case
Excel’s Power Unveiled: Goal Seek Function
Scenario 3: Breakeven Energy Yield
Scenario 4: Merchant Breakeven Price
Scenario 5: Lower Merchant Prices
Scenario 6: Downside Scenario
Scenario 7: Extended Lifetime
Scenario 8: Fully Merchant & Full Equity
Scenario 9: Opex Sensitivity
The Mechanics of Cash Sweep: How It Works and Why It's Used
Scenario 10: Cash Sweep (Debt Sizing Case)
Running All Scenarios for Bank 2 Proposal
Final Financing Partner Decision: Bank 1 vs. Bank 2
Review of Key Learnings
Case Study Conclusion

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Testimonials

Jonas Benholz

Founder & CEO, IOTA Energy

As someone with over a decade of experience in the renewable energy sector, I highly recommend the Renewables Valuation Analyst Certification Program by RVI. This program provides a comprehensive and practical approach to mastering financial modeling, specifically designed for renewable energy projects. It's an invaluable resource for professionals aiming to excel in this field. The program’s depth and clarity make it an essential tool for anyone serious about advancing their career in renewable energy finance.

Timo Werner, CFA

Fund Manager

With years of experience in the infrastructure investment sector, I highly recommend RVI's Advanced Renewable Energy Financial Modeling course. This course guides students through the step-by-step construction of a project finance model from scratch. The resulting model offers exceptional flexibility, allowing users to model nearly any renewable energy project with a clear, intuitive, and user-friendly interface.