Program : Renewable and New Energy Systems (RNES)

Degree : MEng/Msc

Course Code : ACE 619

Course Name : Renewable Energy Financing and Portfolio Standards

Course Category : Compulsory Core Courses

Semester : First Semester

Credit Hours : 2

Basic objectives of financial management and characteristics of project finance. Differences between project finance and corporate finance. Project finance in the field of renewable energy and energy efficiency. The nature of risk and typical risks in renewable energy and energy efficiency projects-market risk, construction risk, performance risk, resource risk and technological risks. Risk management strategies. Cash flow nature through the project life-cycle. Financial modeling of project and cash flows, equity versus debt financing, bankability and financial ratios in project financing. Sources of project financing, Equity, Mezzanine and Debt financing. Project financing options peculiar to renewable energy and energy efficiency projects-Energy services companies (ESCOs), Clean Development Mechanism (CDM) and Joint Implementation (JI) mechanism. Renewable energy portfolio standards, Policy issues and examples from across the globe