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

Postgraduate Course: Applied Energy Finance (CMSE11619)

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 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.
Entry Requirements (not applicable to Visiting Students)
Pre-requisites Students MUST have passed: Fundamentals of Infrastructure Finance (CMSE11478)
Prohibited Combinations Other requirements None
Course Delivery Information
Academic year 2024/25, Not available to visiting students (SS1) 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 )
Assessment (Further Info) Written Exam 0 %, Coursework 100 %, Practical Exam 0 %
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:
  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
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

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 Eilean Deane
Tel: (01316) 513758
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