*** Please note that if the trainee does not qualify for the funded discount, we will be in contact for full payment of the course should they decide to proceed with the course. ***

Click here for the FULL 2 Days

Date: 21st June 2024
Time: 09:00 AM - 12:30 PM
Venue: Online (via MS Teams)

Course Overview

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.

Course Outline

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

Course Content

• Project Lifecycle
  Understanding of the stages of the lifecycle of an asset and finance implications along each stage:
  • 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:
  • 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:
  • 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:
  • 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:
  • 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:
  • 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:
  • how to draft budgets from beginning to end;
  • Challenges in drafting a budget;
  • Benefits of rolling budget vs static budget.

• Upstreaming
  Participants will learn:
  • Importance and rationale of cash upstreaming;
  • Different types of upstreaming;
  • Frequency and risks associated with upstreaming.

About the Trainer

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.