Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA

Lukas is the founder of the Renewables Valuation Institute (RVI), where finance meets sustainability. After starting his career in the renewables investment sector, Lukas encountered the complexities of financial modeling and valuation firsthand. His determination to master these skills led him on an extensive learning journey, ultimately inspiring him to create the Renewables Valuation Analyst (RVA) Certification Program. This program is designed to provide students with a clear, accessible path to mastering the critical knowledge and skills needed in renewable energy finance. With a Bachelor of Science in Energy Management and as a CFA charterholder, Lukas is dedicated to empowering the next generation of finance professionals to make a meaningful impact in the renewable energy sector.

Top Project Finance Modeling Shortcuts (Windows and Mac)

Top Project Finance Modeling Shortcuts (Windows and Mac)

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 01/18/2024 6:00am 6 minute read

Excel | Financial Modeling

Renewable Energy Financing: The Art of Asset Structuring

Renewable Energy Financing: The Art of Asset Structuring

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 11/23/2023 6:00am 12 minute read

Energy | Financial Modeling | Renewables | Valuation

Understanding KPIs for Renewable Energy Projects

Understanding KPIs for Renewable Energy Projects

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 11/16/2023 6:00am 9 minute read

Accounting | Energy | Financial Modeling | Renewables | Valuation

Pay-as-produced PPA vs. Baseload PPA

Pay-as-produced PPA vs. Baseload PPA

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 04/11/2023 6:00am 9 minute read

Energy | Financial Modeling | Renewables | PPA

How to Model a Debt Service Reserve Facility (DSRF)

How to Model a Debt Service Reserve Facility (DSRF)

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 10/18/2024 6:00am 9 minute read

Accounting | Excel | Financial Modeling | Project Finance

Mini-Perm Loans: The Game-Changer for Project Finance

Mini-Perm Loans: The Game-Changer for Project Finance

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 03/22/2024 6:00am 15 minute read

Financial Modeling | Renewables | Valuation

Letter of Credit (LoC) in Renewable Energy Project Finance

Letter of Credit (LoC) in Renewable Energy Project Finance

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 03/15/2024 6:00am 14 minute read

Energy | Renewables | PPA

What is a Power Purchase Agreement (PPA)?

What is a Power Purchase Agreement (PPA)?

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 02/07/2024 6:00am 8 minute read

Energy | Renewables | PPA

Financial Model User Guide - Advanced Renewable Energy Model

Financial Model User Guide - Advanced Renewable Energy Model

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 02/01/2024 6:00am 151 minute read

Accounting | Energy | Excel | Financial Modeling | Renewables | Valuation | VBA

Green Bonds: Revolutionizing Renewable Energy Financing

Green Bonds: Revolutionizing Renewable Energy Financing

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 11/11/2023 6:00am 12 minute read

Renewables

Financial Modeling and Valuation of Renewables

Financial Modeling and Valuation of Renewables

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 04/14/2023 6:00am 6 minute read

Financial Modeling | Renewables | Valuation

Debt Sizing with Target DSCR - Project Finance

Debt Sizing with Target DSCR - Project Finance

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 04/13/2023 6:00am 6 minute read

Excel | Financial Modeling

Internal Rate of Return (IRR) - Project Finance

Internal Rate of Return (IRR) - Project Finance

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 04/12/2023 6:00am 5 minute read

Financial Modeling | Valuation

DSRA | Debt Service Reserve Account

DSRA | Debt Service Reserve Account

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 03/01/2023 6:00am 8 minute read

Accounting | Financial Modeling

Solar Project Finance Modeling

Solar Project Finance Modeling

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 02/28/2023 6:00am 8 minute read

Financial Modeling | Renewables | Valuation

Renewable Energy Project Finance Modeling

Renewable Energy Project Finance Modeling

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 02/27/2023 6:00am 7 minute read

Financial Modeling | Renewables

ESG Analyst | Financial Modeling | Renewable Energy

ESG Analyst | Financial Modeling | Renewable Energy

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 02/26/2023 6:00am 9 minute read

Energy | Financial Modeling | Renewables

How to Build a Financial Model in Excel?

How to Build a Financial Model in Excel?

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 02/25/2023 6:00am 7 minute read

Excel | Financial Modeling

Loan Life Coverage Ratio (LLCR) - Project Finance

Loan Life Coverage Ratio (LLCR) - Project Finance

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 02/24/2023 6:00am 6 minute read

Accounting | Financial Modeling | Valuation

YEARFRAC Function - Financial Modeling

YEARFRAC Function - Financial Modeling

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 02/23/2023 6:00am 6 minute read

Excel | Financial Modeling

Project Finance Deal - Contractual Relations

Project Finance Deal - Contractual Relations

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 02/22/2023 6:00am 6 minute read

Energy | Renewables

Levered vs. Unlevered Return - Project Finance

Levered vs. Unlevered Return - Project Finance

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 02/21/2023 6:00am 6 minute read

Financial Modeling | Valuation

Net Present Value (NPV) - Project Finance

Net Present Value (NPV) - Project Finance

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 02/20/2023 6:00am 6 minute read

Financial Modeling | Valuation

Payback Period - Project Finance

Payback Period - Project Finance

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 02/19/2023 6:00am 4 minute read

Financial Modeling | Valuation

Project Finance Modeling in Excel

Project Finance Modeling in Excel

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 02/18/2023 6:00am 5 minute read

Excel | Financial Modeling | Valuation

Cash on Cash Return (CoC) - Project Finance

Cash on Cash Return (CoC) - Project Finance

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 02/17/2023 6:00am 5 minute read

Financial Modeling | Valuation

Sources and Uses of Funds - Project Finance Modeling

Sources and Uses of Funds - Project Finance Modeling

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 02/16/2023 6:00am 3 minute read

Accounting | Financial Modeling | Valuation

MATCH Function - Financial Modeling

MATCH Function - Financial Modeling

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 02/15/2023 6:00am 3 minute read

Excel | Financial Modeling

How to model an interest rate barrier?

How to model an interest rate barrier?

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 02/14/2023 6:00am 3 minute read

Accounting | Excel | Financial Modeling | Valuation

What are Guarantees of Origin (GoOs)?

What are Guarantees of Origin (GoOs)?

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 02/13/2023 6:00am 4 minute read

Energy | Renewables

How to build a project finance model from scratch?

How to build a project finance model from scratch?

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 02/12/2023 6:00am 3 minute read

Excel | Financial Modeling | Renewables

LOOKUP Function - Financial Modeling

LOOKUP Function - Financial Modeling

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 02/11/2023 6:00am 5 minute read

Excel | Financial Modeling

OFFSET Function - Financial Modeling

OFFSET Function - Financial Modeling

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 02/10/2023 6:00am 3 minute read

Excel | Financial Modeling

What is Project Finance - Financial Modeling?

What is Project Finance - Financial Modeling?

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 02/09/2023 6:00am 6 minute read

Energy | Financial Modeling | Renewables

EPCM vs EPC agreement - what's the difference?

EPCM vs EPC agreement - what's the difference?

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 02/08/2023 6:00am 5 minute read

Energy | Renewables

What is renewable energy and how to model it?

What is renewable energy and how to model it?

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 02/08/2023 6:00am 4 minute read

Energy | Renewables

How to model seasonality of renewable energy revenues?

How to model seasonality of renewable energy revenues?

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 02/08/2023 6:00am 3 minute read

Energy | Excel | Financial Modeling | Renewables

AC vs DC - what's the difference?

AC vs DC - what's the difference?

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 02/07/2023 6:00am 5 minute read

Energy | Renewables

How to model a Major Maintenance Reserve Account (MMRA)?

How to model a Major Maintenance Reserve Account (MMRA)?

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 02/07/2023 6:00am 3 minute read

Accounting | Financial Modeling | Renewables

INDEX Function - Financial Modeling

INDEX Function - Financial Modeling

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 02/04/2023 6:00am 3 minute read

Excel | Financial Modeling

NORMINV Function - Financial Modeling

NORMINV Function - Financial Modeling

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 02/03/2023 6:00am 3 minute read

Energy | Excel | Financial Modeling | Renewables

What is degradation and how to model it?

What is degradation and how to model it?

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 02/02/2023 6:00am 3 minute read

Energy | Excel | Financial Modeling | Renewables

How to use flags in financial models?

How to use flags in financial models?

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 02/01/2023 6:00am 4 minute read

Excel | Financial Modeling

Debt Service Coverage Ratio (DSCR)

Debt Service Coverage Ratio (DSCR)

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 01/31/2023 6:00am 4 minute read

Financial Modeling | Renewables

How to model a Debt Service Reserve Account (DSRA)?

How to model a Debt Service Reserve Account (DSRA)?

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 01/30/2023 6:00am 4 minute read

Accounting | Excel | Financial Modeling | Renewables

EOMONTH Function - Financial Modeling

EOMONTH Function - Financial Modeling

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 01/29/2023 6:00am 4 minute read

Excel | Financial Modeling

How to use the Name Manager in Excel?

How to use the Name Manager in Excel?

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 01/28/2023 6:00am 3 minute read

Excel | Financial Modeling | VBA

What's the purpose of a shareholder loan?

What's the purpose of a shareholder loan?

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 01/27/2023 6:00am 4 minute read

Accounting | Financial Modeling | Valuation

How to break a circular reference in Excel?

How to break a circular reference in Excel?

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 01/26/2023 6:00am 5 minute read

Excel | Financial Modeling | VBA

Goal Seek in VBA: How to automate Goal Seek in Excel?

Goal Seek in VBA: How to automate Goal Seek in Excel?

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 01/25/2023 6:00am 6 minute read

Excel | Financial Modeling | Valuation | VBA

How to use the Goal Seek Function in Excel

How to use the Goal Seek Function in Excel

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 01/24/2023 6:00am 3 minute read

Excel | Financial Modeling

How to value a wind farm or solar plant?

How to value a wind farm or solar plant?

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 01/23/2023 6:00am 4 minute read

Financial Modeling | Renewables | Valuation

XNPV Function - Financial Modeling

XNPV Function - Financial Modeling

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 01/22/2023 6:00pm 4 minute read

Excel | Financial Modeling | Valuation

XIRR Function - Financial Modeling

XIRR Function - Financial Modeling

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 01/21/2023 4:00pm 3 minute read

Excel | Financial Modeling | Valuation

How to Land a Financial Modeling Job?

How to Land a Financial Modeling Job?

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 01/20/2023 6:00am 9 minute read

Excel | Financial Modeling

Top Financial Modeling Interview Questions

Top Financial Modeling Interview Questions

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 01/19/2023 6:00am 13 minute read

Financial Modeling

How to become a Finance Project Manager?

How to become a Finance Project Manager?

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 01/18/2023 6:00am 7 minute read

Financial Modeling

How to become a Project Finance Analyst?

How to become a Project Finance Analyst?

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 01/17/2023 6:00am 9 minute read

Excel | Financial Modeling | Renewables

Building a Financial Model in Excel

Building a Financial Model in Excel

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 01/16/2023 6:00am 5 minute read

Financial Modeling | Renewables

What companies are in the finance field?

What companies are in the finance field?

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 01/15/2023 6:00am 9 minute read

Financial Modeling | Renewables

How to Consider Seasonality in Excel?

How to Consider Seasonality in Excel?

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 01/14/2023 6:00am 7 minute read

Excel | Financial Modeling | Renewables

How to find a circular reference in Excel?

How to find a circular reference in Excel?

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 01/13/2023 6:00am 7 minute read

Excel | Financial Modeling | VBA

CFADS| Project Finance | Renewable Energy

CFADS| Project Finance | Renewable Energy

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 01/12/2023 6:00am 6 minute read

Accounting | Financial Modeling

Detriments of the Merit Order - Surging Electricity Prices

Detriments of the Merit Order - Surging Electricity Prices

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 04/18/2022 12:48pm 4 minute read

Energy | Financial Modeling | Renewables

How to model PPA offtake agreements?

How to model PPA offtake agreements?

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 03/07/2022 9:00am 4 minute read

Energy | Financial Modeling | Renewables

How to model sculpted debt financing with DSCR target?

How to model sculpted debt financing with DSCR target?

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 03/05/2022 12:00pm 3 minute read

Financial Modeling | Renewables

How to model P50, P75, and P90 energy yield?

How to model P50, P75, and P90 energy yield?

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 03/05/2022 12:00pm 9 minute read

Energy | Financial Modeling | Renewables

What are full load hours and what is a capacity factor?

What are full load hours and what is a capacity factor?

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 03/05/2022 9:00am 3 minute read

Energy | Renewables

What's the difference between kW and kWh?

What's the difference between kW and kWh?

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 03/04/2022 12:00pm 5 minute read

Energy | Renewables

Renewables Valuation Analyst (RVA) Certification

Become a world-class financial modeler within the renewable energy sector and push your career to the next level.