Project Evaluation, Financing and Risk Management (2024/2025)

Introduction

This course is part of the Executive Master of Management in Energy in cooperation with BI Norwegian Business School and IFP School.

The topics in this course will cover the key concepts, tools and techniques of project finance and financial management and show students how to apply them to companies in the energy sector

Course content

Project Finance

• Capital budgeting reminder
• Theory and practice of financing projects in the energy sector (Key Valuation Drivers, Non-recourse financing)
• Role of understanding, analyzing, and anticipating political, technical, and economic risks when evaluating a project finance plan
• Project finance risk management techniques: contractual, operational, logistical
• Assessing strategic economic, industrial investment decisions
• Illustration of the roles and interests of public, private, and other stakeholders involved in a large energy project

Project and Credit Rating

• Role of equity analysts in the capital markets and importance for the energy sector
• Fundamentals of credit scoring: how do banks and credit ratings agencies assess the credit-worthiness of companies and projects. Examples from the energy sector.

Energy Project Risk Management

• The Risk Management Process
• Project Governance & Decision making
• Risk mapping / mitigation
• Prevention
• Transfer
• Anticipating and managing uncertainties

Project Development

• Regulation
• Project Development
• Construction
• Operations & Maintenance
• Case Study regarding Solar Energy