Postgraduate Course: Applied Energy Finance (CMSE11619)
Course Outline
| School | Business School |
College | College of Arts, Humanities and Social Sciences |
| Credit level (Normal year taken) | SCQF Level 11 (Postgraduate) |
Availability | Not available to visiting students |
| SCQF Credits | 10 |
ECTS Credits | 5 |
| Summary | The Applied 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 core skills for understanding the approach and process of finance energy projects, and working with project finance financial models. Students will learn how to use project finance financial models to analyse and rank different capital structures in order to identify the best solution to finance an energy project. |
| Course description |
The course provides an overview of energy markets, and different financing options for energy project. Project finance financial model 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. 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. Introduction of project finance
4. Project finance financial modelling
5. Debt sizing
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.
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Course Delivery Information
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| Academic year 2024/25, Not available to visiting students (SS1)
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Quota: 63 |
| Course Start |
Block 2 (Sem 1) |
Timetable |
Timetable |
| Learning and Teaching activities (Further Info) |
Total Hours:
100
(
Lecture Hours 10,
Seminar/Tutorial Hours 5,
Programme Level Learning and Teaching Hours 2,
Directed Learning and Independent Learning Hours
83 )
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| Assessment (Further Info) |
Written Exam
0 %,
Coursework
100 %,
Practical Exam
0 %
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| Additional Information (Assessment) |
100% coursework (individual) - Assesses all course Learning Outcomes |
| Feedback |
Formative: Feedback will be provided throughout the course.
Summative: Feedback will be provided on the assessment within agreed deadlineS. |
| No Exam Information |
Learning Outcomes
On completion of this course, the student will be able to:
- Critically assess energy policies and understand the factors contributing to the development of energy markets.
- Apply project finance financial modelling to real world cases.
- Critically evaluate the appropriate use of key assumptions in project finance financial modelling.
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Reading List
Raikar, Santosh., and Seabron Adamson. Renewable Energy Finance Theory and Practice / Santosh Raikar, Seabron Adamson. London: Academic Press, 2020. Print. Chapters 2-4.
Bodmer (2014) Corporate and project finance modelling: theory and practice. Wiley Finance. Chapters 1-3, 39-43. |
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
quality.
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. |
| Keywords | Not entered |
Contacts
| Course organiser | Miss Mengfei Jiang
Tel:
Email: mengfei.jiang@ed.ac.uk |
Course secretary | Mr Pete Park
Tel:
Email: Pete.Park@ed.ac.uk |
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