Financial Modelling for Renewables

Sector-specific financial modelling taught using best practice and the FAST Standard

Financial Modelling for Renewables focuses on the challenges that arise in preparing financial models for renewables projects: construction vs operations, seasonality, monthly timelines, P90 / P50 forecasting and financing (including equity bridge loans and cash sweeps). It is a modular course for analysts and financiers in the renewables sector who need to build, modify, or run financial models. It is available as a 2-day intensive and immersive classroom course, or as interactive tutor-led distance learning over approximately 30 hours.

We run this course on an open basis in London, Edinburgh, Toronto, Rotterdam and Antwerp.

Book and pay online for your place below, or contact us to request an invoice.

 

What you will learn

This course will teach you:

  • The concepts of P90 and P50 and how to apply those within the model’s financial forecasts
  • Approaches for taking annual inputs and implementing those into a monthly financial model and how to aggregate monthly models into broader timelines
  • Methods for selecting different draw down options and how construction phase revenues can impact funding
  • How to optimise financial models under both P50 and P90 cases
  • How to model Equity Bridge Loans, Cash Sweeps and Debt Refinancing, all integral parts of typical renewable project financings
  • Understand the challenges of converting a bid model into an operational model

Who should attend

This course is suited to participants who already have some basic Excel skills and aspire to, have recently started or know they are going to start building financial models in the renewable energy sector. We also assume that participants have a basic familiarity with the layout of financial statements (income statement, balance sheet and cash flow) but not necessarily how they are modelled.

Based on a template financial model with a monthly timeline, participants will cover – step-by-step – the construction phase (costs, income and financing), model optimisation for lenders and sponsors, equity bridge loans, cash sweeps, debt refinancing and introducing actuals to a forecast model.

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Book your course

Change currency

All of our courses are now available as Tutor-led Distance Learning; contact us to learn more about this option.

If you’d like to receive special offers and discounts via email let us know.

Date
Format
Location
Duration
Instructor
Price
8, 10, 15 & 17 Dec (GMT time zone)
Tutor-led distance learning
live online
24 hours
Toby Tucker
£995
8 - 9 Dec 2020
Classroom-based
Dubai
2 days
Omar Shaker
£1,500
Dates to follow
Classroom-based
London
2 days
Toby Tucker
£1,900
Dates to follow
Classroom-based
Toronto
2 days
Andrew Berkley
£1,900

Course Topics

Revenue
  • tariff and power generation
  • timeline / time sheet design and construction
  • seasonality
  • degradation
EBITDA
  • operating costs
  • P50 vs P90 scenario selection
Construction costs
  • sources and uses of funds
  • construction finance: approaches to debt draw downs
  • concept of funding circularity
Fees during construction
  • financing fees
  • interest during construction
Linking construction and operations
  • conversion of the senior debt from construction debt to term loan
  • term loan calculations
  • accrued interest balances
Term loan
  • principal repayment profiles
  • debt service cover ratios
  • debt sculpting
Model optimisation
  • equity rate of return
  • model optimisation: concepts and objectives
  • optimising the model under P90 and P50
  • introduction of Visual Basic / macro coding
  • checks / check sheet
Refining the model
  • aggregation of monthly data for financial summaries
  • track sheet
  • pre-completion date revenues
  • bid model vs operational model
Adjusting the financing
  • equity bridge loan
  • term loan cash sweep
Find out more:
Financial Modelling for Renewable Energy Projects - training course

Our clients

Asset Alliance Group logo
Energia logo
Drax logo
I use my new found skills on a daily basis and can’t speak highly enough of the course and what it has given myself and my colleague. It has changed how we do all of our modelling in the company and has received really positive feedback from everyone that has used the model or reviewed the model.
Sally Brierley, Financial Modeller, FCC Environment
We were stunned at the difference that a standardised approach made. Our new Excel models can provide information that just isn’t accessible through an ERP.
Philip Whittingham COO (and former FD), Virgin Trains
The course was great. I learned so much and really enjoyed it. I’m looking forward to using it in my own work. I would be very happy to recommend the course.
Eric Eastlund, Head of Analytics, SCIO Capital
From start to finish the team were very professional and demonstrated considerable experience in what they were doing. The end result is an exceptionally powerful tool, which is straightforward to use, and now forms the backbone to our forecasting process. I would have no hesitation in recommending F1F9.
Douglas McArthur, CA Group FD, Asset Alliance
[The instructor] was enthusiastic about the material and the course itself which created good engagement in class. I particularly liked the fact that we were consistently taking part in the course, rather than being "taught" we were facilitated.
Andrew Dias, Finance Business Partner, Stansted Airport
The Enterprise model is great value for money. We compared it to the other standard reporting systems available such as Sage and Oracle but the F1F9 solution was much cheaper and also gave us the flexibility to change the way we report our business as it grows and develops. It has halved the time our month end reporting process takes. We started out wanting a model for budgeting purposes only but when we saw what the model could do we decided to use it for actuals reporting as well as our rolling forecasts.
Charles Carolan, Senior Financial Analyst, Skrill
[The instructor] was absolutely excellent. Everything was extremely clear, the pace of the class was spot on. I thought I would come away being slightly better at reading models but actually now I would feel completely confident starting my own.
Emma Paterson,  SSE/ Beatrice Offshore Windfarm Limited 
The team at F1F9 were responsive, hardworking and helped us upgrade our model to be fit for purpose post acquisition. F1F9 took the time to understand our needs early in the process, met deadlines and were professional in their approach.
Investment Manager, UK Private Equity House
Thanks for the excellent academy which has so boosted my own modest modeling skills. F1F9's strong customer service culture is a big help.
Geoffrey Finch, Resident Adviser for Infrastructure Finance for the US Treasury Office of Technical Assistance - Government of Paraguay, Ministry of Finance
I particularly liked the setup of the online training, and the portions provided in each section. The ability to go back and review and exercise with the models after each training and even after a few training provided an excellent opportunity to really 'learn' the skills. The setup allowed for my own pace of learning and the time I was able to dedicate besides work to complete the training. I highly recommended the training to colleagues.
Hartmut Weissmann
Very useful tips and tricks, certainly helped me a lot in understanding and 'simplifying' the enormous models. Thank you very much!
Julie de Bock, Senior Advisory / Corporate Finance, BDO

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Looking for live online training?
Tutor-led Distance Learning

Any of our courses can be delivered as tutor-led distance learning - to learn more about this interactive and flexible option call Andrew Berkley on +44 20 3239 8534 or email info@f1f9.com.