FINANCIAL ANALYSIS FOR RENEWABLE ENERGY PROJECTS

COURSE DESCRIPTION

DEWA's Innovation Centre in collaboration with Gulf Renewable Energy Lab organizes the 1st cycle of training and international standard certification: Financial Analysis for Renewable Energy Projects

Successfully managing a Renewable Energy (RE) project often require a combination of significant financial analysis with technical project development awareness, and this hands-on financial analysis training course has been developed to provide the skills and confidence require to develop a comprehensive financial model for planning, investments, and financing analysis of RE Projects. This course presents a deep dive into critical factors to ensure the development and delivery of a bankable renewable energy project developed in a way consistent with the industry best practices.

Duration
05 February 2024 - 09 February 2024

Cost
AED 7,819

Admission Requirements:

• Diploma in an Electrical/Mechanical or bachelor’s degree in any Engineering field.

• Professionals with University degrees in Finance that are dealing with project financing and evaluation of renewable energy projects.

 

Registration is now closed. Submit your interest now.

For more information, please contact: cleantech@innovationcentre.ae

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LEARNING OBJECTIVES

At the end of the program, participants are expected to gain knowledge in:

• Renewable Energy Industry characteristics and actual status.

• The concept of LCOE, sensitivity to key input variables, renewable energy resource, resource maps, how to translate resource level into LCOE.

• PV and wind projects cost structure, examples of MENA RE Projects CAPEX and OPEX and their breakdown.

• Essential Elements for RE project development: capital, bankability, corporate finance vs project finance, introduction to project finance, project finance structure, risk profile evolution during project development.

• Complete project financial modelling.

CONTENT

• Renewable energy industry characteristics and actual status.

• Introduction to the concept of LCOE, sensitivity to key input variables, renewable energy resource, resource maps, how to translate resource level into LCOE.

• Drivers for the success of RE worldwide and energy markets, risk approach to RE evaluation.

• RE generation and impact on the energy prices as well as RE integration costs.

• Essential Elements for RE Project Development : bankable wind and solar resource assessment, power curves, energy production.

• Introduction of Power Purchase Agreement (PPA).

• Professional profiles needed for the development of a RE project, technical advisors roles, financial advisors roles, legal advisors roles.

• Bankability, corporate finance vs project finance, introduction to project finance, project finance structure, risk profile evolution during project development.

• PV and wind projects cost structure, examples of MENA RE projects CAPEX and OPEX.

• O&M strategy definition, preventive and corrective activity plans, OPEX cost estimation.

• Weighted average cost of capital (WACC) , cost of equity, risk free rate definition, equity risk premium, tax rate definition.

• Complete project financial modelling.

• Asset value reduction over time: depreciation and types of depreciation, project financing, free cash flows, loans, best industry practices.