P17146 Financial Evaluation and Capital Structuring of Renewable Energy
Download Brochure Request

Register your interest

Comments

Register your interest

Comments

Financial Evaluation and Capital Structuring of Renewable Energy

17 – 18 Apr 2018, Singapore

Book Now Download Brochure

Team Savings: Register 2 Delegates & the 3rd Comes free!

overview

Key Learning Outcomes

  • Project Finance vs. the financing of projects
  • The Project Finance “route map” – an overview of the key issues in evaluating and structuring a Project Finance transaction
  • Key risks – construction, operating, counterparty and financial
  • Risk issues of relevance to Renewable Energy projects
  • Typical approaches to risk allocation
  • The project financial statements and review of key assumptions – issues to consider and approach
  • Key elements in the structure of Project Finance spreadsheets
  • How equity investors assess projects – financial yardsticks used by investors
  • An overview of the main project investment appraisal techniques
  • Documentation and structuring issues in Project Finance
  • New course programme with focus on pricing, marketing and business development!
  • 6 in-depth exercises and Case Studies for applied learning!

Who Should Attend

To obtain maximum benefit from this training participants should already be familiar with:

  • Corporate financial analysis techniques
  • The main functions in Excel
  • The key features of the principal banking and Capital Markets debt products
  • Investment appraisal techniques (e.g. IRR, NPV) and the fundamental principles of company valuation
  • Key aspects of banking documentation
  • Industrial and commercial end users

pricing

Packages Price
2 Day Training$3495Early Bird

Register 2 Delegates & the 3rd attends FREE!
Group rate is based on normal rate of 2-day main conference package only.
For Group Registrations, email info@ibcasia.com.sg or call +65 6508 2477

 

  • Special Group Discount pricing is applicable to groups of 2 or more delegates from the same organisation registering for the same event, at the same time.
  • Fee stated is the discounted price PER DELEGATE. Only one discount applies – either the early bird rate OR the Special Group Discount.
  • All fees stated include luncheons, refreshments and complete set of documentation. It does not include the cost of accommodation and travel.
  • A 7% Goods & Services Tax (GST) is applicable to all Singapore based companies for Singapore venue.

trainer

Malcolm Sullivan

Agenda

DAY 1
SESSION 1
AN OVERVIEW OF KEY ISSUES IN THE FINANCING OF POWER PROJECTS

  • Overview of activity in Project Finance in the area of Renewable Energy
  • Project Finance vs. the financing of projects
  • The Project Finance “route map” – an overview of the key issues in evaluating and structuring a Project Finance transaction
  • An overview of the process in a Project Finance transaction and the principal issues to consider including the motivations of the main parties involved in the transaction

Exercise / discussion: Review of a Renewable Energy Project Finance to illustrate key aspects of the transaction

SESSION 2
RISK EVALUATION IN PROJECT FINANCE

  • Trends in power prices and changes in the relative economics of different sources of power such as onshore and offshore wind and solar projects
  • Key risks – construction, operating, counterparty and financial
  • Typical approaches to risk allocation
  • Risk issues of particular relevance to Renewable Energy projects – involvement of government in terms of tariff support and investment incentives, and impact of auctions for Renewable Energy projects in selected markets

Exercise: participants review background on a project and prepare a summarised” risk assessment” based on the risks and mitigants in the project

SESSION 3
THE PROJECT FINANCIAL STATEMENTS AND REVIEW OF KEY ASSUMPTIONS – ISSUES TO CONSIDER AND APPROACH

  • Key elements in the structure of Project Finance spreadsheets
  • Review of a generic Project Finance spreadsheet to identify potential key influences on project viability
  • Determining what is realistic in terms of projected financial performance – use of benchmarks and sources of information
  • Lessons from the past – what can be learned from past transactions about the value of forecasts and feasibility studies

Exercise: reviewing the underlying assumptions – participants review background on a case study project to assess the underlying assumptions, and how they might affect the project cash flows and the key influences on the Project IRR

 

DAY TWO
SESSION 4
SOURCES OF DEBT FINANCING IN PROJECTS AND DEBT CAPACITY

  • Rationale for Project Finance vs. other debt financing techniques
  • Using projected cash flows as a basis for assessing debt servicing capacity
  • Export Credit Agencies and Development Banks; bank debt vs. bonds; senior vs. subordinated debt
  • Interest and foreign exchange management issues in Project Finance
  • Review of selected Project Finance transactions – risk and return in structuring Project Finance transactions
  • Credit enhancement techniques

Exercise: review of a case study project to assess the debt servicing capacity and factors that influence the debt servicing capacity of the project

SESSION 5
HOW EQUITY INVESTORS ASSESS PROJECTS – FINANCIAL YARDSTICKS USED BY INVESTORS

  • An overview of the main project investment appraisal techniques
  • A brief review of the principles for calculating corporate cost of capital and use as a basis for evaluating project returns
  • Understanding the equity investor’s approach to achieving returns from the project company, including operating relationships with the project company, and cash extraction through re – financing

Exercise: developing a capital structure to balance the requirements of debt and equity providers

SESSION 6
DOCUMENTATION AND STRUCTURING ISSUES IN PROJECT FINANCE

  • Rationale and structure of loan documentation
  • Key covenants and potential complications
  • Construction contracts and cost overrun guarantees
  • Intercreditor issues, including senior vs. subordinated debt
  • Third party credit support and security issues for debt financiers, including critical commercial issues in Concession agreements, offtake agreements, tariff support, completion and cost overrun agreements, and shareholder agreements

Case study – Structuring third party credit support and security: Participants produce an outline proposal for the capital structure, covenants, third party credit support and security for an assigned case study project

COURSE SUMMARY AND REVIEW

when & where

17 - 18 Apr 2018

Mandarin Orchard Singapore, by Meritus
333 Orchard Road, Singapore 238867
Tel: +65 6831 6062 | Fax: +65 6737 3130
Mobile No.: +65 8298 9442
Contact Person: Tan Ai Li
Email: aili.tan@meritushotels.com
Website: www.meritushotels.com

On-site & in-house training

Deliver this course how you want, where you want, when you want – and save up to 40%! 8+ employees seeking training on the same topic?

Talk to us about an on-site/in-house & customised solution.

STAY UPDATED ON OUR NEWS & EVENTS

IBC Asia is Singapore's leading event organiser. We conceive, develop and promote our own B2B industry conferences and corporate training courses, and offer tailored managed event solutions.

Find out more