The Mechanics of Renewable Energy (Online)

IFF Training

IFF Training

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Who should attend

  • Financiers involved in renewable/project finance
  • Syndication Staff
  • Agency and Credit Staff
  • Government Executives involved in assessing private finance transactions for infrastructure and service delivery
  • Investment Bankers
  • Bond Investors / Fund Managers
  • Advisors and project finance Consultants
  • Insurance Providers
  • Project Sponsors
  • Export Credit Agencies
  • Contractors
  • Lawyers involved in project finance transactions

About the course

Course Structure

The course takes place over 20 weeks and comprises 10 core units. The units will be released every two weeks from the start of the course. Download the units or study completely online.

Assessment and Post Graduate Certification

At the end of each unit there is an assessment that will allow you to benchmark your growth in knowledge and understanding. For those wishing to receive a Postgraduate Certificate from Middlesex University, an additional marked assignment of 5000 words will also need to be submitted. The assignment will be based on an on-going case study that runs throughout the duration of the course.

Syllabus modules

Unit 1 - Overview of renewable energy sources

Topics Covered:

  • Energy production and energy economics
  • Climate change, energy contribution to carbon emissions and the evolution of renewable energy
  • Solar Power (from rooftop to solar farm)
  • Bioenergy
  • Hydroelectricity
  • Tidal Power
  • Wind Energy
  • Wave Energy
  • Geothermal

Unit 2 - Renewable energy technologies, sustainability and costings

Topics Covered:

  • What technologies are needed for each type of renewable energy
  • What are the construction costs for renewable energy plants
  • How do costs compare with conventional power sources
  • Renewable energy lifecycle costs
  • Battery technology and energy storage (community, corporate and individual)
  • Comparative sustainability analysis
  • Public and private applications
  • Integration with the grid, including network integration issues and costs

Unit 3 - Government regulation, targets and investment

Topics Covered:

  • Government energy strategies compared
  • International climate change regulation and targets
  • Government budgeting and spending on renewable energy
  • The internal decision-making process for government including legislative oversight
  • Working with the private sector: PPP for renewable energy
  • International differences in renewable energy and their causes
  • Renewable energy and city planning
  • Environmental assessment and community involvement

Unit 4 - Markets, competition, and pricing

Topics Covered:

  • World energy markets – international differences in market structure and pricing
  • Energy markets – wholesale and retail
  • Analysing offtakers: industry, agriculture and consumers
  • Subsidies and differential pricing/tariffs
  • Grid issues including energy resale and microgrids
  • Energy competition and power draw-downs
  • International energy trade and renewables

Unit 5 - Investors in renewable energy

Topics Covered:

  • The renewable research world
  • Leading companies developing renewables
  • Competition in renewable development
  • Renewable energy company management
  • Involvement of major energy companies in renewable energy
  • Private equity and other independent investment in renewables
  • Socially responsible investment (SRI) and renewable energy
  • Valuation of renewable energy companies

Unit 6 - Financial structure of renewable energy projects

Topics Covered:

  • Corporate vs.project finance
  • Assessing performance (NPV, IRR, cost of capital, and measures of sustainability)
  • Equity and debt integration
  • Cashflow waterfalls
  • The lender's perspective on a renewable model
  • Integrating model results with valuation, policy, regulation and the market
  • Handling risk management in the financial model
  • Auditing a renewable energy model - telling good from bad

Unit 7 - Ownership/legal structures of renewable energy projects

Topics Covered:

  • Government, private and other ownership analysis
  • Considerations in selecting a structure
  • Corporate finance structures
  • Project finance structures for renewable energy
  • Special purpose vehicle (“SPV”)
  • General and limited partnerships
  • Trust structures and the role of trustees
  • Joint ventures (“JVs”)

Unit 8 - Contracts for renewable energy construction, finance and operation

Topics Covered:

  • Requests for Proposals (RFPs)
  • Public tender information and requirements
  • Expressions of Interest
  • Power Purchasing/offtake Agreements (PPAs) for renewables
  • Comparing and contrasting international PPP contracts with application to renewables
  • Licences and land agreements
  • Construction cost agreements (EPC contracts)
  • Operating and Maintenance (O&M) agreements
  • Term Sheets
  • Shareholder Agreements

Unit 9 - Renewable energy project technologies and risks

Topics Covered:

  • Technological innovation in renewable energy
  • Significant technical risks in renewable energy
  • Political risk and its components (nationalisation, regulation, tax)
  • Risks of the economic cycle (demand and supply)
  • Other economic risks (inflation, currency, commodity prices)
  • Construction problems and technical risk
  • Natural disasters, force majeure and terrorism
  • Partner and counterparty risks (equity, debt, input supplies)
  • Environmental compliance

Unit 10 - Risk mitigation techniques

Topics Covered:

  • The risk matrix, risk allocation and transference
  • Derivatives and their use in renewable energy projects
  • Insurance and Reinsurance for renewable energy projects
  • Contracts as risk mitigation methods
  • Credit enhancement and the role of international agencies
  • Modelling the implications of risk mitigation
  • Risks remaining outside the model
  • Risk retention and presentation to management

Experts

Julian Roche

Julian Roche holds a first class degree in Philosophy, Politics and Economics from Oxford University, an MPhil in politics from Exeter University and a PhD in agricultural risk management policy from Deakin University. He is an Adjunct Lecturer in the Agriculture Department of the University of W...

Videos and materials

The Mechanics of Renewable Energy (Online) at IFF Training

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Disclaimer

Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.

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