Renewable Energy Project Finance

3 days 26-28 Jul 2017, New York United States $4,950.00 Download brochure Add to basket

* Claim back your VAT
Find out more

Request a different date or location for this course (we regularly add courses following requests).


* Claim back your VAT
Find out more


This course is held in partnership with:





This 3-day program teaches participants how to analyse renewable energy project financing and investment opportunities; with particular emphasis on intermittent technologies like solar and wind, explaining how they differ form conventional power facilities. Delegates will learn to structure project transactions to minimize risks and improve the prospects for future strong performance both in existing portfolios and new transactions.

Day 3 includes a final hands-on modelilng session where delegates will construct a model to forecast cashflows of an 8MW solar facility, estimate LCOEs and test the project for debt capacity and investor returns.

Who should attend

  • Financiers involved in project finance, investment analysis and syndicated lending
  • Government and Parastatal Executives involved in sponsoring/assessing project finance deals
  • Bankers (Commercial, Investment, Institutional, Corporate and Development)
  • Project Managers
  • Contractors
  • Investment Analysts
  • Project Sponsors


We work with a series of expert instructors, please select the course location of interest to review the credentials of who will be delivering the programme.

New York
Meg Osius
The Course Director specializes in capital markets, risk management, and international project finance. She works with corporations, financial institutions, public agencies, law firms, and private equity investors. She has had extensive transactional experience in the oil, gas, power, transport, and telecom sectors.

She began her career at JP Morgan Chase Manhattan Bank, where she structured highly leveraged deals and project financings also advising clients on foreign exchange and other price risk management strategies. Before that she was responsible for evaluating the quality of the bank’s global loan portfolio as well as that of its newly acquired affiliates. In that role she had extensive experience with workout and distressed debt.

She has published articles in the business press and co-authored several self-study guides covering international project finance, trade and export finance, foreign exchange, and financial futures. The World Bank has published her articles on approaches to financial analysis in emerging markets.

Previously she was Chairperson of the Technical Advisory Panel (TAP) of the Public Private Infrastructure Advancement Fund (PPIAF) managed by the World Bank. The fund provides technical assistance to emerging market governments in order to encourage private involvement in infrastructure development. She is currently a Director of British Caribbean Bank and Waterloo Holdings Ltd. She received an M.B.A. from INSEAD, the European Institute of Business  Administration, in Fontainebleau, France. Her B.A. degree is from Princeton University.


New York

New York Hotel

This program takes place on a non-residential basis at a New York hotel. Non-residential course fees include training facilities, documentation, lunches and refreshments for the duration of the programme. Delegates are responsible for arranging their own accommodation, however, a list of convenient hotels (many at specially negotiated rates) is available upon registration.

As with all programmes on-site administrators are with you throughout the programme to ensure smooth administration and group interaction.

Related Courses



Do you have five or more people interested in attending this course? Do you want to tailor it to meet your company's exact requirements? If you'd like to do either of these, we can bring this course to your company's office. You could even save up to 50% on the cost of sending delegates to a public course.

To find out more about running this course in-house:

Our Tailored Learning Offering

If you want to run this course at a location convenient to you or if you want a completely customised learning solution, we can help.

We produce learning solutions that are completely unique to your business. We'll guide you through the whole process, from the initial consultancy to evaluating the success of the full learning experience. Our learning specialists ensure you get the maximum return on your training investment.


We can offer any of our public courses delivered at your office or we can devise completely tailored solutions:

Read more about our offering or complete a call back request to speak to a learning specialist.



Day 1

Themes: Structuring Renewable Projects and Creating a Security Package; Discovering the Most Efficient Sources of Debt Finance Introduction to Cash flow Forecasting Metrics.

Overview of Renewable Energy Project Financing

  • Global Growth of the Market: Countries, Sectors, Drivers of growth
  • Energy usage and investment globally
  • Renewable Energy Projects and Comparative Levelized Cost of Energy (LCOE)
     - Wind Farms
     - Solar Power
     - Landfill Gas
     - Geothermal Energy
     - Small-scale Hydro
  • Global Incentive Programs 
     - Feed-in tariffs (FIT)
     - Renewable portfolio standards (RPS)
     - Renewable Energy Credits (RECs)
     - Depreciation, Allowances, etc.
     - Public Tendering
     - Other Grants and Incentive by Country
  • Financing Structures and Players

Renewable Project Risk Identification and Allocation

  • Different Approaches/Risks Compared to Conventional Power Project Finance
     - Construction and Warranty Issues
     - Land Acquisition
     - Environmental and Permitting Considerations
     - Technology Advances
     - Operational Issues
     - Transmission and Interconnection
     - PPA Considerations: Availability, Energy and Environmental Credits

Workshop: Assessing Debt capacity and Investment Opportunities
              - Forecasting Techniques and Limitations
              - Cashflow Sensitivity Analysis and Creditor Considerations
              - Sponsor Return Calculations
              - Tax-equity Investors and Considerations

Case study: Delegates break into small groups to evaluate the security package for a wind power plant.  They will look at financing choices, structure, project cash flows, and quantify their risk assessments.

End of Day 1 

Day 2

Themes: Legal Issues, Bank Finance, Capital Market Issuance; Political Risk Support; Leasing and Islamic finance

Further Legal Issues and Contractual Considerations for Intermittent Power

  • Key Contractual Agreements and Structuring Considerations
  • Power Purchase Agreements (Pricing Structures, Milestones and Penalties)
  • Equipment Supply and Timelines
  • Balance of Plant (BOP) Agreements
  • Land Lease
  • Shareholder Structures

Bank Debt and Capital Markets as Funding Alternatives

  • Bank Debt Term Sheet Considerations, Club Loans and Syndications
  • Domestic and International Capital Markets Access: Eurobonds, Private  Placements
  • Rating Agencies, Basel Accords, and Credit Wraps

Electricity Price Hedging

  • Commodity Pricing and Hedging Mechanisms
  • Hedges for Renewable Energy Projects
  • Leasing Structures for Renewable Projects

Leasing Structures and Applications in Renewable Projects

  • Evaluating Cost
  • Islamic Structures: Ijara and Istisna

Case Examples: Wind and Solar

Focus on Solar power

  • Solar Photovoltaic Systems and Concentrating Solar Thermal (CST)
     - Thin Film vs Crystalline Technologies
     - Tracking Systems
     - Issues of Scale, Cost and Application
     - Financing Challenges and PPA solutions
     - Roof and Ground Leasing issues; Other Site Requirements
     - Technology Warranties
  • Financing Standards and Requirements; DSCRs etc.

Case study: Financing a photovoltaic solar park.
Evaluating the security package and forecast outcomes.

End of Day 2

Day 3

Themes: Export Credit Agencies, Development Banks and Other Forms of Support; Cashflow Modeling Workshop 

Developing Projects in International Markets

  • Sources of Credit and Risk Support for International Renewable Projects
  • Official Political Risk Enhancement (ECAs, Development Banks and Others)
  • Private Sources of Political Risk Insurance

Workshop: Building a Cashflow Model for a 8MW Solar facility

Delegates will assess a wide range of scenarios in order to test a limited recourse financing package for debt capacity and suitability for investment. With discussion of common approaches to modeling with Excel, ‘dos’ and ‘don’ts’s as well as the practical use of models for negotiations.

Structuring the Model and Organizing the Data to Create a Cashflow Statement

  • Developing the Assumptions Page
  • General Plant Parameters
     - Installed Plant Capacity
     - Panel Efficiency
     - Insolation and Panel Wattage
     - Operating Months and Degradation
  • Project Capital Costs 

Financing Section

  • Equity First or Pro Rata
  • Manually Designed Equity Subscription
  • Draw-down of Debt Linked to Specific Contracts or Expenditures or in a Hierarchy

Developing the Profit and Loss and Balance Sheet

  • Factoring in Reserves
  • Considering Currencies
  • Tax Calculations

Ratios and Sensitivity Analysis: Objectives and Limitations

  • Measuring Debt Capacity and Investor Return
  • Using Modeling Output for Initial Project Vetting
  • Supporting on-going Negotiations

Self-test, Summary and Wrap-up of Modeling Workshop

End of Program

Why us

We have a combined experience of over 60 years providing learning solutions to the world’s major organisations and are privileged to have contributed to their success. We view our clients as partners and focus on understanding the needs of each organisation we work with to tailor learning solutions to specific requirements.

We are proud of our record of customer satisfaction. Here is why you should choose us to help you achieve your goals and accelerate your career:

  • Quality – our clients consistently rate our performance ‘excellent’ or ‘outstanding’. Our average overall score awarded to us by our clients is nine out of ten.
  • Track record – we have delivered training solutions for 95% of worlds’ top 100 banks and have trained over 250,000 professionals.
  • Knowledge – our 150 strong team of industry specialist trainers are world leading financial leaders and commentators, ensuring our knowledge base is second to none.
  • Reliability – if we promise it, we deliver it. We have delivered over 20,000 events both in person and online, using simultaneous translation to delegates from over 180 countries.
  • Recognition – we are accredited by the British Accreditation Council and the CPD Certification Service. In an independent review by Feefo we scored 96% on service and 95% on product