Accounting

Understanding KPIs for Renewable Energy Projects

Understanding KPIs for Renewable Energy Projects

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 9 minute read

In the renewable energy sector, evaluating project viability and performance hinges on understanding Key Performance Indicators - KPIs for renewable energy projects. These metrics are vital for...

ITC vs PTC: How to Choose the Right Credit for Your Project

ITC vs PTC: How to Choose the Right Credit for Your Project

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 12 minute read

Renewable energy projects depend on federal tax incentives to drive down capital costs and improve project returns. The debate of ITC vs PTC is a crucial one for developers and finance professionals alike....

Tax Equity in U.S. Renewables: ITC, PTC & Structures

Tax Equity in U.S. Renewables: ITC, PTC & Structures

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 8 minute read

The U.S. renewable energy market relies on innovative financing tools to unlock the full potential of federal incentives. Tax Equity is one such tool that monetizes federal tax credits and depreciation...

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 9 minute read

In the world of project finance, accurately modeling financial mechanisms is critical to ensuring the long-term success of a project. One such mechanism is the Debt Service Reserve Facility (DSRF),...

Revolving Credit Facility vs. Term Loan in Project Finance

Revolving Credit Facility vs. Term Loan in Project Finance

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 6 minute read

In renewable energy project finance, structuring debt is crucial to optimizing a project's return and attractiveness to investors. Two commonly used financing structures are term loans and revolving...

Financial Model User Guide - Advanced Renewable Energy Model

Financial Model User Guide - Advanced Renewable Energy Model

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 151 minute read

This Financial Model User Guide supplements the underlying financial model and video courses by Renewables Valuation Institute.Students and users of the financial model can gain maximum value from using...

DSRA | Debt Service Reserve Account

DSRA | Debt Service Reserve Account

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 8 minute read

DSRA stands for Debt Service Reserve Account, which is a financial mechanism used in project finance to ensure that a borrower can make debt service payments on a loan. In a project finance transaction,...

Loan Life Coverage Ratio (LLCR) - Project Finance

Loan Life Coverage Ratio (LLCR) - Project Finance

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 6 minute read

The Loan Life Coverage Ratio (LLCR) is a financial ratio that is commonly used in project finance to evaluate the ability of a project to generate enough cash flow to repay the outstanding loan balance...

Sources and Uses of Funds - Project Finance Modeling

Sources and Uses of Funds - Project Finance Modeling

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 3 minute read

Sources and Uses of Funds: In the context of project finance, sources of funds refer to the various means by which a project can raise capital, while uses of funds refer to the different capital, financing,...

How to model an interest rate barrier?

How to model an interest rate barrier?

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 3 minute read

In a tax-related context, an interest barrier is a mechanism used to limit the amount of tax deductions that a company can claim on its interest expenses. An interest barrier provision specifies a...

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 3 minute read

The Major Maintenance Reserve Account (MMRA) ensures that during certain operational years with lumpy capital expenditures, a project can be maintained without raising further capital. This requires...

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 4 minute read

The Debt Service Reserve Account (DSRA) protects a lender against an unexpected decrease in cash flow available for debt service (CFADS). The DSRA ensures that the debt provider receives the debt service...

What's the purpose of a shareholder loan?

What's the purpose of a shareholder loan?

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 4 minute read

What's the benefit of using a shareholder loan when financing a renewable energy project? It's simple - saving taxes! Learn how to properly integrate a shareholder loan into a financial model for renewable...

CFADS| Project Finance | Renewable Energy

CFADS| Project Finance | Renewable Energy

Lukas Duldinger, CFA, RVA

Lukas Duldinger, CFA, RVA 6 minute read

CFADS stands for Cash Flow Available for Debt Service. It is a financial metric that calculates the amount of cash generated by a business or investment after deducting all operating expenses, taxes, and...

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