RE/EE financial/economic aspects


Are you interested in a tailor-made training?

The following sample training courses give an overview of possible topics we cover in our tailor-made trainings. The sample trainings can be used as basis to develop a tailor-made training for your company or organisation. If you are interested in a tailor-made training, please fill out this questionnaire and send it to Manolita Wiehl.

Manolita Wiehl
Head of Division
International Business Development and Sales
Tel: +49 (0)30 58 70870 63
Fax: +49 (0)30 58 70870 88
Email: wiehl[at]renac.de

Face-to-face training


Green energy finance

RE technologies, due diligence, project finance, project contracts, financial modelling
 


Content:
 
  • Introduction to RE Markets & Green Energy Finance
  • Fundamentals of RE Technologies
  • Experience with RE Market Designs, Institutional Frameworks & Financing Conditions in Europe
  • Project Risks and Mitigation Techniques (group work)
  • Valuation, Financing & Due Diligence
  • Cash Flow Planning & Valuation
  • Project Finance
  • Due Diligence (scope and best practice)
  • Introduction to the RENAC Financial Model
  • Financial Modelling Case Study (group work)
 

Learning objectives:
 
  • Have an overview of the market scope and potential
  • Understand the relevant RE technologies
  • Evaluate RE projects
  • Use financial models for RE projects
  • Know about options for international climate finance and how to access such funds ommunicate effectively and knowledgably with technology suppliers and customers
 
Target group:

Professionals from the public and private sector working in the field of energy and finance who may come from the following backgrounds:

  • Financing institutions
  • Project developers
  • Ministries
  • Utilities
 
Duration:3 days

Online trainings


Methodology of project valuation

Time value of money, NPV, IRR, LCOE, risk and uncertainty
 


Content:
 
  • RE project financing options
  • RE project risks and uncertainties
  • Basic financial principles
  • Financial performance indicators
 
Learning objectives:

After completing the course, participants will be able to:

  • Describe the principal setting of a renewable energy project, incl. relevant stakeholders, development processes and project appraisal structure
  • Explain the most important economic parameters used in renewable energy project planning
  • Perform some example calculations of the basic economic parameters, e.g. the internal rate of return (IRR)
 
Target group:

This training suits those who

  • Are or will be involved in financial valuation of RE and EE projects
  • Want to engage in RE or EE project development, investment or finance
  • Need to understand the financial principles of any kind of investement

Professionals from the energy sector, policy makers (lawyers, economists, scientists, political scientists, engineers), project developers

Duration:Ca. 1 - 3 weeks
Study time:Ca. 20 hours


Policy frameworks for RE power generation

Physical basics, net metering, feed-in tariff design, auctions, quota systems
 


Content:
 
  • Introduction to renewable energy policy and target setting
  • Net-metering for Distributed Generation
  • Feed in tariff for distributed generation and large-scale projects
  • Competitive procurement/auctions for large-scale projects
  • Additional incentives
  • Policies for smooth technical and market integration of RE
 
Learning objectives:

After completing the course, participants will be able to:

  • analyse the most widely used support mechanisms for renewable energy (feed-in tariff, net-metering, auction and quota-based mechanisms),
  • evaluate how specific support mechanisms influence certain RE projects
  • determine conditions to design successful support mechanisms or regulatory policies
  • discuss suitability of policy regulations for different phases of the energy transition
 
Target group:

This training suits those who:

  • Are responsible for developing RE support mechanisms
  • Want to make use of RE support mechanisms in their RE project
  • Evaluate, compare and assess RE support mechanisms
 
Duration:Ca. 2 - 4 weeks
Study time:Ca. 40 hours


Renewable energy project finance

SPV, business planning, bankability assessment, financial engineering, case studies
 


Content:
 
  • Available financing options
  • SPV-contract negotiation
  • Business planning
  • Bankability assessment
  • Financial engineering
  • Examples: Wind farm project in Germany, PV project in France, Biogas project in Romania
 
Learning objectives:

After completion of this course, participants will be able to:

  • Know the different financing options of REprojects in principle and the project finance option in more detail
  • Perform a risk assessment for renewable energy projects
  • Understand a bank‘s view of the risks related to PV, wind, and biogas plants
  • Collect the data required for a bankability assessment of a renewable energy project
 
Target group:

This training suits those who

  • Are or will be responsible for securing the finance of a RE project
  • Provide debt financing for RE projects
  • Want to know more about risks in RE projects and RE due diligence

Professionals from the energy sector, policy makers (lawyers, economists, scientists, political scientists, engineers), project developers

Duration:Ca. 2 - 4 weeks
Study time:Ca. 40 hours


Project contracts

EPC, PPA, supply agreements, land lease contracts, O&M contracts
 


Content:
 
  • Introduction to project contracts
  • Contracts in international projects
  • Contracts in renewable energy projects
  • Potential risks for investors
  • Requirements of financing institutions
 
Learning objectives:

After completion of this course, participants will be able to:

  • Distinguish different types of project contracts and the corresponding contract partners
  • Draft and prepare different types of contracts required in renewable energy project finance
  • Apply these project contracts in order to achieve a bankable project finance structure and to minimise the project risks
  • Analyse the requirements of international financing institutions on project contracts
 
Target group:

This training suits professionals from the energy sector, policy makers (lawyers, economists, scientists, political scientists, engineers), project developers and alike who…

  • need to manage the various contracts in a renewable energy project under project finance schemes,
  • want to understand the contractual commitments in renewable energy projects and
  • seek to set up a Special Purpose Vehicle and develop a RE project.
 
Duration:Ca. 2 - 4 weeks
Study time:Ca. 40 hours


Environmental and social standards for RE projects

Equator principles, ESIA, sample standards, practical implementation guidance
 


Content:
 
  • The equator principles for the financial industry
  • Concrete examples of environmental, social, climate change, gender or cultural standards
  • Application procedures to access funds or credit for large grid connected projects
  • Implementation, execution and monitoring of compliance with standards
  • Potential risks for investors
 
Learning objectives:

After completion of this course, participants will be able to:

  • compare different internationally recognized standards for environmental, social, climate change, gender or cultural issues
  • explain environmental, social, climate change, gender or cultural standards in renewable energy project financing
  • organise procedures and processes in order to comply to these standards from a project perspective
  • assess in how far renewable energy and energy efficiency projects comply with these standards from a bank perspective
 
Target group:

This training suits financial experts, political stakeholders and project developers who

  • deal with large-scale RE projects on international levels
  • are responsible for environmental and social safeguards for large-scale infrastructure projects
  • want to explore financing options from multilateral or international agencies
  • need to commit to regulations from international financiers
 
Duration:Ca. 2 - 4 weeks
Study time:Ca. 40 hours


Bankable insurance cover for international RE projects

Construction insurance, operational insurance, scope of cover, typical clauses, insurance as credit collateral
 


Content:
 
  • Stakeholders and at-risk project factors
  • Taking collateral in insurance contracts
  • Risk and related insurance cover
  • Technology-specific damages and insurance requirements
  • Political risk insurance
 
Learning objectives:

After completion of this course, participants will be able to:

  • Illustrate endangered RE project factors and distinguish, which types of risk are insurable and in which cases other risk management alternatives need to be pursued
  • Define typical RE project stakeholders and their insurable interests and cover options
  • Classify the risks that are to be insured in RE projects under standard market conditions
  • Propose a suitable insurance programme for renewable energy projects based on general best market practice in an international context
 
Target group:

This training suits those who

  • Are responsible for RE project development and finance
  • Need to secure bankable insurance cover for a large-scale RE projects
  • Have to check upon bankability of insurance cover from the perspective of a lender for RE projects
 
Duration:Ca. 2 - 4 weeks
Study time:Ca. 40 hours


Greening the bank

Climate change, greening bank operations, green finance definition, green credit cycle, project environmental performance monitoring (EPM)
 


Content:
 
  • Climate change and its implications
  • Greening internal operations
  • The green finance framework
  • Remedial management
 
Learning objectives:

After completing this course, participants will be able to:

  • Explain potential effects of climate change on businesses
  • Recognise different areas to convert a bank into a “green” bank
  • Illustrate the green finance framework including the green credit cycle
  • Summarise principles of remedial management
 
Target group:

This training suits those who:

  • Need to organise the transition of a finance institution to become more energy efficient, environmentally friendly and sustainable
  • Are in charge of developing a green banking policy in a financial institution
  • Want to learn about the basics of the green finance cycle
 
Duration:Ca. 1 - 2 weeks
Study time:Ca. 10 hours


Portfolio management in renewable energy

RE as asset class, risk management, quantitative basics, portfolio diversification, portfolio management
 


Content:
 
  • Renewable energy as an asset class
  • Risk management as a basis for portfolio management
  • Classification of different components of management of RE investments
  • Quantitative basics of portfolio theory
  • Diversification in RE portfolios
  • RE portfolio management – practical application
  • Case study related to RE portfolio management
 
Learning objectives:

After completion of this course, participants will be able to:

  • Explain the basic concept behind an investment in a renewable energy asset
  • Classify the different components of RE investment management
  • Define the role of portfolio management and identify diversification potential to exploit portfolio effects
  • Establish strategies to efficiently manage and monitor existing RE portfolios and their single assets nterpret the findings of co-benefit analyses for re-formulating RE policies
 
Target group:

This training suits professionals in the financial sector involved or interested in RE project finance who

  • Want to establish and maintain a portfolio of RE projects
  • Have to assess portfolios of RE projects for their clients
  • Are interested to improve their risk management as a lender, investor or project developer for RE projects
 
Duration:Ca. 2 - 4 weeks
Study time:Ca. 40 hours


Debt financing process and credit risk management

Project finance credit risk analysis, term sheet, loan documen - tation, due diligence, contract options
 


Content:
 
  • Foundations of risk management in project financing
  • Project documentation, structuring, credit analysis, rating and credit approval
  • Project loan documentation
  • Due Diligence - documenting a project for credit assessment
  • Analysis of contracting options in the RE project setting
 
Learning objectives:

After completion of this course, participants will be able to:

  • Explain the process of credit risk management related to RE project financing transactions
  • Apply the principles of risk allocation in projects
  • Discuss the project loan documentation and important clauses included in its main agreements
  • Recall the principles of restructuring project financing
 
Target group:

This training suits professionals in the financial sector involved or interested in RE project finance who

  • Have to assess RE projects from a lender’s / bank’s perspective
  • Want to secure loans for a large-scale RE projects and therefore need to negotiate with banks and understand their internal procedures
 
Duration:Ca. 2 - 4 weeks
Study time:Ca. 40 hours


Loan syndication for RE project

Originate-to-hold model, originate-to-distribute model, syndication process, pricing, syndication risks
 


Content:
 
  • Emergence and evolution of the market for loan syndication
  • From structuring to operating – The syndication process
  • Risk consideration – Potential risks for the syndicated loan market
  • Advantages and risks of syndication for a renewable energy’s project
 
Learning objectives:

After completion of this course, participants will be able to:

  • Know the importance of syndication, its advantages and disadvantages
  • Describe the different stages of a syndication process
  • Know about the different aspects of adverse selection and moral hazard within a syndication
 
Target group:

This training suits professionals in the financial sector involved or interested in RE project finance who

  • Want to secure debt financing for large-scale RE projects from a consortium of banks
  • Have to establish a consortium of loan providers for a specific RE project
  • Want to understand more about RE project finance on a large, international scale
 
Duration:Ca. 1 - 3 weeks
Study time:Ca. 20 hours


Bankable O&M strategies for RE projects

O&M PV-Wind-Biogas, contractual arrangements, guarantee schemes, incentives, maintenance strategies
 


Content:
 
  • O&M Strategies – Photovoltaic Power Plants
  • O&M Strategies – Wind Farms
  • O&M Strategies - Biogas Plants
 
Learning objectives:

After completion of this course, participants will be able to:

  • Understand and explain the market standards related to long-term bankable O&M strategies for different technologies
  • give reasons why financing partners have an interest in the performance reporting of an energy project
 
Target group:

This training suits professionals in the financial sector involved or interested in RE project finance who

  • Have to develop a bankable O&M concept and present it to the lenders or investors
  • Need to assess O&M strategies of RE projects under a due diligence process
  • Are interested in O&M strategies of large-scale RE projects in general
 
Duration:Ca. 1 - 3 weeks
Study time:Ca. 20 hours


Measures for competitive power markets

Market structure, associated opportunities, single buyer market, provision of flexibility, centralized vs. decentralized
 

Additional information following soon.
 



RE investment vehicles and the aggregation of projects

Rationale for project bundling, YieldCos, infrastructure investment funds, FinCos, bank portfolio financings
 


Content:
 
  • The need for aggregating projects into larger investment units
  • Yield Companies (“YieldCos”)
  • Infrastructure investment funds (“IIFs”)
  • Financing Companies (“FinCos”)
  • Bank portfolio financings
 
Learning objectives:

After completion of this course, participants will be able to:

  • Give reasons why investors and banks have an interest in bundling RE projects into investment vehicles
  • Classify investment vehicles according to the four types presented (YieldCo, IIF, FinCo and bank portfolio financing) and explain their advantages and disadvantages
  • Explain the areas of application of the different investment vehicles
  • Propose strategies based on examples that can be implemented operationally using the different types of investment vehicles
 
Target group:

This training suits professionals in the financial sector involved or interested in RE project finance who

  • Are interested in international finance options of large-scale RE projects and RE project portfolios
  • Want to explore new financing options for larger RE project portfolios
  • work in or will develop new investment funds and investment vehicles that want to focus more on green energy projects
 
Duration:Ca. 1 - 3 weeks
Study time:Ca. 20 hours


Climate finance

Principles of climate finance, UNFCCC, sources of climate finance, carbon pricing, NDC implementation
 


Content:
 
  • Principles of climate finance
  • Sources and mechanisms of climate finance
  • Frameworks to deliver finance for climate action
  • Measurement, Reporting and Verification
 
Learning objectives:

After completing this online course, participants will be able to:

  • compare the roles and respective contribution of the main players and institutions involved in the climate finance landscape
  • distinguish between the different sources and mechanisms of climate finance
  • assess the suitability of various sources and mechanisms for specific projects
  • analyse practical examples of climate finance concepts
 
Target group:

This training suits those who:

  • Want to have an overview on the climate finance landscape, its mechanisms and institutions
  • Aim to make use of climate finance options for their project or as a financial institution
  • Are responsible for business development in large institutions that want to engage in international climate finance schemes
 
Duration:Ca. 2 - 4 weeks
Study time:Ca. 40 hours


Accessing the Green Climate Fund

Introduction to GCF, investment criteria, accredited entities, accreditation process, project approval
 


Content:
 
  • Introduction to GCF
  • Financing mechanisms and instruments
  • Accredited entities
  • Projects
 
Learning objectives:

After completion of this course, participants will be able to:

  • Draft a concept on how to receive funding from the Green Climate Fund
  • Design a project plan for accreditation and funding application
  • Specify further training needs from the GCF Readiness Support team >Interpret the findings of co-benefit analyses for re-formulating RE policies
 
Target group:

This training suits those who

  • Plan to get in touch with the Green Climate Fund for any kind of cooperation
  • Want to receive funding from an international organization for climate mitigation or climate adaptation projects.
  • Are responsible for climate finance programmes within their financial institution
 
Duration:Ca. 1 - 3 weeks
Study time:Ca. 20 hours


Green microfinance

Introduction to microfinance, country case studies, checklist for implementation
 


Content:
 
  • Introduction
  • Green microfinance: examples
  • Green microfinance: Checklist for implementation
 
Learning objectives:

After completion of this course, participants will be able to:

  • Understand the concept of green microfinance
  • Get to know present cases of green microfinance products with climate change relevance
 
Target group:

This course suits those who

  • Care about financial inclusion of micro, small and medium sized enterprises (MSME)
  • Want to develop microfinance projects for small-scale renewable energy or energy efficiency appliances
 
Duration:Ca. 1 - 3 weeks
Study time:Ca. 20 hours


Climate finance options for South-East Asia

Climate finance overviews for: India, Indonesia, Philippines, Thailand, Vietnam
 


Content:
 
  • International climate finance options for SEA
  • Domestic climate finance options for India
  • Domestic climate finance options for Indonesia
  • Domestic climate finance options for the Philippines
  • Domestic climate finance options for Thailand
  • Domestic climate finance options for Vietnam
 
Learning objectives:

After completion of this course, participants will be able to:

  • Compare different climate finance options and select the most suitable one for his/her company or project
  • Analyse principles and aims of the main international climate finance options for South-East Asian countries (other than the Green Climate Fund)
  • Distinguish between the various procedures for access to these different funds
  • Analyse the principles and aims of country-specific climate finance options for their country and explain the procedures to access these funds
 
Target group:

This training suits those who:

  • Want to have an overview on the climate finance options in South-East Asia as a region and in selected countries
  • Aim to make use of climate finance options for their project or as a financial institution in South-East Asia
 
Duration:Ca. 1 - 2 weeks
Study time:Ca. 20 hours


Carbon pricing mechanisms

GHG Emission Landscape, emission trading, carbon taxes, offsetting mechanisms, effectiveness evaluation
 


Content:
 
  • Introduction to carbon pricing mechanisms
  • Evolution of carbon pricing mechanisms
  • Principles of emission trading schemes
  • Principles of carbon taxes
  • Principles of offsetting mechanisms
  • Analysing the effectiveness of carbon pricing mechanisms
  • Further orientation on carbon pricing
 
Learning objectives:

After completing this online course, participants will be able to:

  • Illustrate the global landscape of emissions and respective pricing mechanism
  • Explain principles of the main carbon pricing mechanisms (carbon tax, emission trading system and offsetting)
  • Discuss pros and cons of carbon pricing mechanisms on national and international levels
  • Analyse the impact of carbon pricing mechanisms on the economy and on actual greenhouse gas emission reduction
 
Target group:

This training suits those who:

  • Want to have an overview on carbon pricing mechanisms and related experience
  • Aim to develop a carbon pricing framework or mechanism for their country
  • Want to consult governmental institutions on different options to establish carbon pricing
 
Duration:Ca. 2 - 4 weeks
Study time:Ca. 40 hours