FINANCIAL ANALYSIS FOR RENEWABLE ENERGY PROJECTS

COURSE DESCRIPTION

DEWA's Sustainability & Innovation Centre in collaboration with Gulf Renewable Energy Lab organizes the 2^nd 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
18 November 2024 - 22 November 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.

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.