What will you learn in your course?

You will learn how to do financial modeling of solar power plants/projects and decide about the profitability in investing solar power plant by covering the topics as follows:

• Inputs: solar insolation kWh/m2/day, various component specs, and efficiencies, units produced (kWh/ year), generation derating factor %, tracker efficiency %, tariff discount %.
• Carbon credits rate Euro/CER, project cost, loan interest rates %, moratorium period years, capital structuring equity ratio
• Optimization levers to key project costs accelerated depreciation selection, tax incentives, tax, and MAT rates %.
• Outputs: levelised cost of energy (LCOE), project IRR, project payback, equity IRR, equity payback, average DSCR, return on equity (ROE)
• Return on capital employed (ROCE), return on investment (ROI), gains from tax savings due to depreciation, net estimated expenses and revenues in 25 years, net gain over the project life cycle, cash flows for the project life cycle
• Modeling analysis: project costs details, electricity generation estimates, depreciation including accelerated depreciation, loan interest, working capital for preoperative phase, projected balance sheet
• Profit and loss statement, income tax both under the companies act and income tax act, minimum alternative tax (MAT), cash flows, debt service charge ratio (DSCR), internal rate of return (IRR)
• Breakeven point, payback ratios, summary various ratios, form II to form VI various standard forms required for bankable detailed, project report, carbon credit modeling
• Bid related results: scenario analysis to arrive at optimum bid tariff rate, bank.