Apply for January 2024 by filling out our short application form.
THE SKILLS YOU WILL LEARN
Before the 8-week project simulation begins, you will undertake a period of pre-course tuition in core legal, financial and technical concepts.
Legal Foundations -Overview of PF contracts -Government support -Case Study: Rwanda Peat Project -Which risks remain with the project company -Introduction to PPAs -Introduction to finance docs -Factors that influence the debt package -When it all goes wrong…
Key Legal Concepts
-Reps and warranties
-Amendments and waivers
-Events of default
-Compensation on termination
Wind Power -Origins of a probability-based approach in renewables -Introduction to wind -Resource assessment -How to measure and predict wind speed -Turning wind into energy -The importance of uncertainty
Capital Risks & Their Mitigations
-What happens when it all goes wrong
-The future of wind energy
Pools of Capital
-Export credit agencies
-Multi-lateral development banks
-Development finance institutors
-Private equity & infrastructure funds
-Mini-perm debt and cash sweeps
-What really happens when projects underperform
-Construction period risks
-EPC commercial considerations & contingency
-What’s included in project costs?
-EPC security package
-Introduction to volume and price risk
-Renewable energy revenue structures
-Impact of revenue structures on debt sizing
PROJECT FINANCE MODELLING
-Stages of a Project Finance deal
-Model set-up & timelines
-Sources and Uses of cash
-Financial statements update
-Debt sculpting & sizing revisited
-Equity returns revisited
-Pre-funding working capital
-Assignment: Impact of development fee on tariff
-Debt service reserve account
-Part 1 solutions
-How to use Excel’s probability distribution functions to obtain P-values
-DSCR - base case, distribution lock-up & default
-Loan Life Cover Ratio (LLCR)
-Project Life Cover Ratio (PLCR)
-Average cost of debt
-Weighted Average Loan Life
-Debt capacity revisited
-Equity bridge loan
-Modelling multiple tranches of debt
-Solving P50 vs P90
-Mini-perm debt modelling
-Advanced accounting and tax modelling
CPFA IS THE DUAL AWARD PROJECT FINANCE PROGRAMME
The Project Finance Institute is a highly competitive institution.
The first accreditation you will earn as part of the full programme' is the designation of the "Certificate in Project Finance Modelling" (CPFM).
On successful completion of the programme, you will be awarded the "Certified Project Finance Analyst" (CPFA) certification.
HEAR FROM OUR ALUMNI ABOUT THEIR COURSE EXPERIENCE
Learn from leading lawyers, engineers, and financiers.
Use your model to support live negotiations with lenders and suppliers. Structure your project and present to a real Investment Committee. Then optimise your bid, competing against other teams on the course.
All the while you’ll be developing world-class financial modelling and project structuring skills.
There is no other Project Finance training course like it.