Expert-Level Project Finance Modeling for Renewable Energy
Achieve Industry-Standard Excellence: Utilize a Monthly-Based Model for Solar, Wind, and Hydro Projects with Advanced Debt Structures and Complex Scenario Analysis.
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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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Helping over 5,000 students excel in renewable energy & storage finance
Our students have enhanced their careers by mastering financial modeling for renewable energy & storage projects. Here are just a few of their success stories.
As someone with over a decade of experience in the renewable energy sector, I highly recommend the Renewables Valuation Analyst Certification Program by RVI. The program offers a comprehensive and practical approach to financial modeling, designed specifically for renewable energy projects. Its depth and clarity make it an invaluable resource for analysts and teams working on real renewable energy transactions.
With many years of experience in infrastructure investing, I highly recommend the RVA Certification Program to anyone working seriously in renewable energy finance. The courses go far beyond Excel mechanics and focus on how project finance models are actually built, structured, and used in real transactions. The models are intuitive, flexible, and immediately applicable — exactly what analyst teams need in practice.
Coming from a private equity and strategic finance background, I had strong financial modeling and underwriting experience but lacked direct exposure to renewable energy. The RVA Certification Program provided a clear, concise overview of how the industry works and translated that knowledge directly into building practical, project-level financial models. The content is detailed, actionable, and easy to follow, making it valuable regardless of your prior experience.
Yinka
Best Couse on Project Finance Modeling
This course is awesome and the best course I have undergone on project finance.
Taek-Hyun
Comprehensive and Practical Approach to Renewable Energy Project Finance
This course delivers exactly what the title promises: Expert-level instruction in renewable energy project finance modelling. The content strikes excellently practical application of financial modelling, making it valuable for both experienced professionals and those seeking to deepen their expertise. Lukas's treatment of financial modeling concepts is methodical and well-structured.The modelling exercises provide hands-on practice that reinforces learning and builds confidence in working with complex financial scenarios. What particularly impressed me was technical expertise to implement every single detail of term sheet and conditions into excel model and visually attractive template design. Moreover, I've never seen the most advanced debt structure model like this in anywhere else. The progression from foundational concepts to advanced modelling techniques is logical and allows participants to build competency incrementally. By the end, I'm equipped to develop sophisticated financial models that capture the true economics of renewable energy investments. Minor note: Additional case studies from emerging renewable topics (Carbon Capture Transportation and Storage, Green Hydrogen etc.) could further strengthen an already excellent curriculum.
Heráclito
Intuitive and relevant
The Expert-Level Project Finance Modeling for Renewable Energy course by RVI is very intuitive and relevant for professionals working with renewable energy Project. I have the opportunity to learn new financial and engineering concepts and also review old ones in a new perspective. Thank you!
VISHAL
Exceptional course. Give it a try!
This course has been excellent. One of the very best on the market. First the depth of the course and modeling skills are first class. It's clear Lukas has put a lot of effort and thought how to develop this course. What I especially like is the variety of scenarios and cases we model, just as a sponsor would look at it. Lukas walks us through each module and explains the impact it has on the model. One piece of advice I would give anyone is please do the advanced renewable modelling first before trying this course. Being able to develop the model from scratch greatly benefits doing this course which is more to do with using the model. I look forward to more courses like this in the future!
Elchin
Renewables Valuation Analyst (RVA) certification
The course offers a thorough exploration of project finance modeling, equipping learners with essential knowledge, practical skills, and advanced techniques to build confidence in model development. It systematically addresses critical components of project finance models, with step-by-step instruction delivered with clarity and expertise. The curriculum is robust and meticulously designed, making it an invaluable resource for professionals aspiring to excel in the field of project finance.
Gabriela
Fantastic and thank you
The course was fantastically organized, with impressive work behind it that truly facilitates learning. It strikes a very balanced mix between theory and hands-on work that couldn't be fully grasped otherwise. Super useful for any professionals looking to refresh or improve their project finance skills. It's best to work with two screens. Highly recommended!
Marek
amazing