Renewable Energy Project Finance

Graduate / Professional

The course is intended to be a practicum, exposing students to real-world tools of the trade as well as the theory underlying them. In place of a textbook, students will read approximately 400 pages of legal contracts and engineering reports from a U.S. renewable energy project. Through weekly homework assignments, students develop the skills necessary to construct a detailed financial model, largely comparable to what would be used by an investment firm, project developer, or independent power producer. Modeling skills include sizing debt capacity, sensitivity analysis, stochastic forecasting, taxes, and 3-way financial statements. Lectures introduce energy market dynamics, financial structuring, equipment engineering, risk management, and alternative contractual frameworks. While the primary lecturer will teach on Zoom for as much as three weeks per month, students are expected to attend all lectures in person, where members of the teaching team will be physically present to coordinate discussion and Q&A. Admission requires an application. 3 Course cr 9am-12:30pm