Advanced Renewable Energy Financial Modeling

Descripción

This course is part of the Renewables Valuation Analyst (RVA) Certification by Renewables Valuation Institute (RVI) — a complete, start-to-finish roadmap for mastering renewable energy finance and project finance modeling. The RVA Certification is the one-stop shop for building bank-ready financial models and valuation skills from A to Z. (On RVI directly, students can even earn back up to 100% of their tuition — see the instructor profile for details.) What you’ll build in this course • A fully integrated 3-statement project finance model for a renewable energy solar asset, built step-by-step from scratch in Excel. • Debt and equity structures reflecting real project finance deals. • Transparent logic for key outputs: NPV, project & equity IRR, CoC, DSCR, and scenario dashboards. • A clean, well-structured workbook you can discuss confidently in interviews and on the job. Hands-on case study You’ll work through a realistic, IM-style case with the core information needed to evaluate a renewables project. Along the way you’ll implement the mechanics used in practice: • Debt sizing & sculpting and waterfall mechanics. • Partial energy hedge: pay-as-produced PPA with ~70% fixed-price coverage and ~30% merchant component. • P50 / P75 / P90 energy yields and production uncertainty. • Operating costs: O&M, land lease, insurance, TMA/CMA, degradation. • Construction & COD timing, capex schedules, sources/uses, funding waterfalls. • Sensitivity & scenario analysis that stands up to diligence-style conversations. Advanced topics you’ll practice • Modeling PPA hedge logic and measuring residual merchant exposure. • Seasonality of generation and degradation impacts. • Tax & reserve mechanics (e.g., MMRA, DRA) and jurisdiction-specific adjustments. • A compact model dashboard for quick decision-making. Who this course is for • Analysts and associates in infrastructure/renewables investing. • Project developers and IPPs building or evaluating assets. • Debt financing professionals (project finance lenders, advisors). • Investment banking and advisory teams working on energy transactions. • Portfolio, asset, and fund managers seeking bank-ready modeling standards. (Beginners are welcome: the build is structured so you can follow from fundamentals to advanced features.) Prerequisites • Working knowledge of Excel; basic finance concepts are helpful. • No prior VBA required (you’ll learn the bits you need as you go). What’s included • ~15 hours of focused, step-by-step video instruction. • Downloadable spreadsheet checkpoint files, including the final template. • A structured build that mirrors real-world project finance work. • Certificate of completion on Udemy. Pathway to the RVA Certification (optional next step) This course is one module within the broader RVA Certification—RVI’s complete roadmap covering foundations, advanced debt & equity structures, valuation, and case-study execution across technologies. • Credential: Earn the RVA Certification to signal mastery to employers and clients. • Curriculum depth: Go beyond a single model—gain the full toolkit used in practice. • Extra benefit: On RVI directly, students may be eligible to earn back up to 100% of their tuition (see the instructor profile for details). Outcome By the end of the course you’ll have a clean, defensible project finance model and the judgment to adapt it to real transactions—skills you can use immediately in interviews, on the desk, and in investment committees.

Lo que aprenderás

• Build a fully integrated 3-statement project finance model for renewable energy investments
• Model sculpted debt financing structures and learn how to break common circularities with macros using VBA
• Learn diverse valuation approaches for renewable energy projects
• Model different PPA offtake structures with different hedging ratios
• Learn how to value projects from a developer's or investor's perspective
• Implement P50, P75, and P90 energy yields and dynamically adjust to any other P-value
• Understand contractual relations within a project finance deal
• Build an investment dashboard with dynamic charts and key industry KPIs which support investment decision-making

Requisitos

• General knowlegde of MS Excel and basic financial modeling experience is recommended
• No previous VBA knowledge is required, you will learn what you need during the course
• General finance knowlegde is recommended