2 Part Course  | 
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Advanced Renewables Financing

2 Part Course  |  The latest insights to the renewable energy market and renewable energy financial models

Discovering hidden treasures in a lush green forest an oasis of calm and beauty

A one-day course presented over two-half days in a virtual class from 9:30am to 1:00pm UK time

Part One

Latest on the global renewable energy market

  • Renewable versus traditional energy
  • Drivers of renewable energy
  • Market share of renewables & growth outlook
  • Exercise: Compare growth drivers of renewables

 Regulatory & risk environment

  • Climate transition
    • Global policy shifts, including the Sustainable Development Goals (SDGs) and the Paris Climate Agreement (2015)
    • Net Zero targets & Nationally Determined Contributions (NDCs)
  • Renewable energy subsidies, incentives and mandates
  • Carbon market incentives

 Revenue structure for renewables

  • Market pricing
    • Intermittency and price volatility
  • Auctions and Renewables Certificate
    • Government support
    • Auction market
  • Exercise: Compare and contrast revenue structure of 3 projects
  • RECs and PPAs
    • Risks in PPAs
    • Baseload vs pay-as-produced
    • PPA price index

 ESG risks in renewables

  • Environmental risk
    • Case studies: hydropowers and biofuels
  • Social risks
    • Case studies: slave labour, indigenous rights and food supply
  • Governance risks
  • NIMBYism
  • Exercise: Identify ESG risks in a project

Part Two

Types of renewables financing & investment

  • Role of government in financing
    • Regulation and incentives
    • Investment
    • Grants
  • Institutional investors
    • Debt vs equity

 Opportunities and challenges

  • Renewable funding gap
  • International finance to EMDEs
  • Challenges
    • Political
    • FX
    • Immature regulation
    • Counterparty risk
    • Grid
    • Carbon market
  • Development risk
    • RtB vs COD
  • Financial risks
    • Mitigating tools
  • Insurability
  • The unknowns
  • Exercise: Compare and contrast risks of 2 projects

 Investment in renewable energy

  • Project finance vs corporate finance
    • Equity vs debt
  • Financial modelling: P50, P75 and P90
    • Case study: energy yield of wind project
  • Key considerations for project finance models

 Final group exercise

  • Model dashboard: Onshore wind farm
    • key assumptions
    • debt sizing
    • returns
    • cash waterfall
    • Exercise: Impact of different structuring on returns

Redcliffes' Advanced Renewables Financing trainer is member of the Advisory Board of EDHEC Infra and director of 1PlanetInfra, an infrastructure advisory boutique.

She has over 30 year experience in investment, strategy, research and credit across infrastructure and private markets.

In the past 11 years, our trainer has worked for Aviva Investors, a large international asset manager, where she has led the growth of the company’s infrastructure debt investment business from start-up phase to top 10 in Europe.

She has subsequently established real assets quantitative research, creating an innovative approach to calibrate the risk and correlation of different sectors, and improve portfolio construction. She also led the development of policies and processes to incorporate environmental and social factors in investment decisions across infrastructure and real estate.

Prior to Aviva Investors, she led the development of Fitch’s project finance rating business in Europe from 3 to 100 ratings, and held senior credit roles in Deutsche Bank, RBS and Hypo Real Estate.

Our trainer holds a Master’s of Management from HEC Paris as well as the Investment Management Certificate. Laurence is the author of a number of thought leadership publications on infrastructure, real asset investment and climate impact.

  • Gain an understanding of the latest developments in renewable technology and market.
  • In-depth review of the renewable energy power market, its key characteristics, drivers and players.
  • Review the risks to asset valuation, as well as mitigating factors for key risks.
  • Review global regulation and consider the impacts of policy shifts on the private sector.
  • Explore finance structures, includign their pros and cons.
  • Review key considerations for building a robust renewable energy portfolio.

  • Expert with 20 years + experience in infrastructure with focus on energy and renewable energy sector.
  • Insight into advanced insights into the latest on power markets.
  • Thorough market research & review of regulation and its implications.
  • Practical insights on renewable energy policy for financiers and investors, based on international experience.
  • Highly interactive sessions, with online polls to drive discussion, quizzes on key topics, and group exercises.

The course is targeted at those who:
  • Want to specialise in RE project financing (e.g., as credit analysts, project finance specialists, client relationship managers);
  • Evaluate RE projects and related credit requests; or
  • Seek to establish a green energy finance or climate finance unit within an organisation.

Significant commercial and financing opportunities for renewable energy continue to rise as governements deliver commitments to reduce carbon emission, companies seek to reduce energy bill and prices for renewable energy and its technology continue to fall. On the other hand, as the market matures, renewable energy frameworks and markets feature more innovative incentives to structure and analyze RE financial models to ensure that PF transactions are financially profitable.

Today’s renewable energy transactions require a higher level of expertise not only in programming more sophisticated and flexible financial models, but also in incorporating the latest risk mitigation and credit enhancement instruments.

 This course covers critical concepts in evaluating a renewable energy project, including debt sizing and funding, renewable energy project operations, investment returns and key risk mitigations. It also covers financing considerations, risk analysis instruments, as well as bankability practices. The objective of this course is to provide participants with an enhanced understanding of the financing structures and risk mitigation considerations for all interested parties to today’s RE PF transactions.

Number of places:
Part 1

£ 795.00

Number of places:
Part 2

£ 795.00

Discounts available:
Virtual Class

  • 2 places at 30% less
  • 3 places at 40% less
  • 4 places at 50% less
  • 5 places at 55% less
  • 6+ places at 60% less
  • Select the number of course places and dates to automatically calculate the discount
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