This course is designed to help participants with a basic level of project finance knowledge understand the renewable power sector, its evolution and the project finance risk assessments associated with its particular technologies.
Following an introduction to project finance and the structure of the renewable energy industry, participants are guided through the process of analyzing relevant risks and understanding the various mitigation strategies available. A live cashflow model is used to illustrate how the quantum of debt a project can support is assessed and to highlight specific due diligence issues in a renewable power transaction.
The course then guides participants through the sector value chain, highlighting similarities and differences between the various technologies (onshore/offshore wind, solar power, biomass), while also providing an update on the recent power sector transition. Debt structuring knowledge is consolidated with participants building their own project organogram, before the course concludes with an introduction to the increasing importance of environmental, social and governance (ESG) issues.
On completion of the course, participants will be equipped with a clear understanding of:
- Why and when project finance is used in the renewable power industry;
- Different power technologies and their key due diligence issues for financiers;
- Qualitative & quantitative risk analysis;
- Risk allocation & mitigation techniques;
- Debt structuring;
- The importance of environmental, social and governance (ESG) considerations.
The course is led by Audrey Caulliez-Louis, who has over 15 years’ experience of power & utilities project financing. Audrey began her career in project finance at the time when the first renewable power project finance transactions were coming to market.