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DRPS : Course Catalogue : Business School : Common Courses (Management School)

Postgraduate Course: Advanced Energy Finance (CMSE11454)

Course Outline
SchoolBusiness School CollegeCollege of Arts, Humanities and Social Sciences
Credit level (Normal year taken)SCQF Level 11 (Postgraduate) AvailabilityNot available to visiting students
SCQF Credits10 ECTS Credits5
SummaryThe Advanced Energy Finance course examines the links between energy markets, renewable energy generation technologies and project finance of renewable energy infrastructure investments. The course will provide students with advanced skills for understanding how to finance energy projects and running project finance financial models. Students will learn how to use advanced tools to analyse and rank different funding structures in order to define the best solution to finance an energy project.
Course description The course provides an overview of the different forms of energy policy instruments, and their different purposes, particularly their application to energy finance. Project finance financial modelling will be applied to real world cases in energy infrastructure investments.

The course will draw on both theoretical and applied concepts in delivering lectures on all topics. Lectures will also be delivered by experienced practitioners, with knowledge of project finance and capital structure. In addition to introducing students to the wider literature, recent publications and case studies will be used to ensure that students will come out of the course with specific skills in financing energy projects.

Outline Content

1. Introduction of electricity markets
2. Finance for renewable energy projects
3. Theory of capital structure and project financing
4. Project finance financial modelling
5. Debt size vs. margins vs. tenor
6. Project finance scenario analysis

Student Learning Experience

Formal teaching occurs via lectures and tutorials. Much of the learning will be the result of students' own reading and reflection, and preparation for coursework. A high degree of student participation is expected, through in-class discussions. Scholarly endeavours are fundamentally about building on the discoveries and insights of others, and we hope that team cooperation will enrich all students. There will be time for questions and discussion in class as well as practice sessions for cash flow modelling.
Entry Requirements (not applicable to Visiting Students)
Pre-requisites Co-requisites
Prohibited Combinations Other requirements None
Course Delivery Information
Not being delivered
Learning Outcomes
On completion of this course, the student will be able to:
  1. Critically assess energy policies and understand the factors contributing to the development of energy markets.
  2. Apply project finance financial modelling to real world cases.
  3. Critically evaluate the appropriate use of key assumptions in project finance financial modelling.
Reading List
Bodmer (2014) Corporate and project finance modelling : theory and practice. Wiley Finance
Additional Information
Graduate Attributes and Skills Communication, ICT, and Numeracy Skills

After completing this course, students should be able to:

- Convey meaning and message through a wide range of communication tools, including digital technology
and social media; to understand how to use these tools to communicate in ways that sustain positive and
responsible relationships.
- Critically evaluate and present digital and other sources, research methods, data and information; discern
their limitations, accuracy, validity, reliability and suitability; and apply responsibly in a wide variety of
organisational contexts.

Cognitive Skills

After completing this course, students should be able to:

- Be self-motivated; curious; show initiative; set, achieve and surpass goals; as well as demonstrating
adaptability, capable of handling complexity and ambiguity, with a willingness to learn; as well as being able to
demonstrate the use digital and other tools to carry out tasks effectively, productively, and with attention to

Knowledge and Understanding

After completing this course, students should be able to:

- Demonstrate a thorough knowledge and understanding of contemporary organisational disciplines;
comprehend the role of business within the contemporary world; and critically evaluate and synthesise primary
and secondary research and sources of evidence in order to make, and present, well informed and transparent
organisation-related decisions, which have a positive global impact.
KeywordsNot entered
Course organiserMiss Mengfei Jiang
Course secretaryMiss Jen Wood
Tel: (0131 6)50 8335
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