Note: Grant funding comes from Skillnet Ireland through the Irish National Training fund, and, as a result, is ONLY available to residents of the Republic of Ireland who work as a sole trader, or for a private or semi-state commercial company registered in ROI. If you are not eligible for the discount, you will still have the option to enrol by paying the full course fee. Please read Eligibility Criteria.
The purpose of this course is to equip non-finance experienced industry professionals with an overview of the interaction between technical and financial aspects of the industry.
Day 1 will be a finance focused course for new industry entrants; Day 2 will be focused on non-finance experienced industry professionals.
Click here for the FULL 2 Days
This course will cover the following topics:
- Project Lifecycle
- Company Structures
- Accounting for Revenue
- PPA Agreements
- Operating Expenses in a Renewables Farm
- Interest, Debt and Financing
- Balance Sheet Management
- Budgets
- Upstreaming
Project Lifecycle
Understanding of the stages of the lifecycle of an asset and finance implications along each stage:
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- Project assessment;
- Development;
- Construction;
- Operational;
- End-of-use.
Company Structures
Understanding of the various investment and company structures one can expect to see in a renewables portfolio, and understanding tax, accounting and cashflow implications of various structures, such as:
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- SPV’s;
- Holding companies & Top Co’s;
- Service Co’s.
Accounting for Revenue
Participants will learn how to account for revenue in a renewables farm, and all the various forms of revenue, such as:
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- REFIT / RESS PPA;
- Corporate PPA’s;
- Guarantees of origin;
- DS3;
- Merchant market revenue;
- Constraint & curtailment income;
- Fees associated with revenue;
PPA Agreements
Participants will learn about:
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- PPA’s;
- How they are constructed;
- Key aspects of a PPA to extract from a finance perspective;
- Invoicing and cash collection.
Operating Expenses in a Renewables Farm
Participants will learn about:
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- What operating expenses one can expect to see in a renewables farm;
- Major line items and drivers of each cost item;
- Calculation of multi-year OEM agreements;
- Calculation of rental agreements.
Interest, Debt and Financing
Participants will learn about:
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- Levels of leveraging in a renewables project;
- Funding structures;
- Debt covenant ratios;
- Bank reporting.
Balance sheet Management
Participants will learn how a renewables project balance sheet is typically structured.
Budgets
Participants will learn:
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- How to draft budgets from beginning to end;
- Challenges in drafting a budget;
- Benefits of rolling budget vs static budget.
Upstreaming
Participants will learn:
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- Importance and rationale of cash upstreaming;
- Different types of upstreaming;
- Frequency and risks associated with upstreaming.
SkySpecs Financial Asset Management is Ireland’s number one financial asset management firm for the renewable energy industry. In addition to managing farms in Ireland, SkySpecs also manage renewable energy farms across Europe on behalf of funds and IPP.
