Advanced Renewable Energy Financial Modeling

This course is part of the Renewables Valuation Analyst (RVA) Certification by Renewables Valuation Institute (RVI) — a complete, start-to-finish roadmap for mastering renewable energy finance and project finance modeling.

The RVA Certification is the one-stop shop for building bank-ready financial models and valuation skills from A to Z. (On RVI directly, students can even earn back up to 100% of their tuition — see the instructor profile for details.)

What you’ll build in this course

• A fully integrated 3-statement project finance model for a renewable energy solar asset, built step-by-step from scratch in Excel.

• Debt and equity structures reflecting real project finance deals.

• Transparent logic for key outputs: NPV, project & equity IRR, CoC, DSCR, and scenario dashboards.

• A clean, well-structured workbook you can discuss confidently in interviews and on the job.

  
  

Hands-on case study
You’ll work through a realistic, IM-style case with the core information needed to evaluate a renewables project. Along the way you’ll implement the mechanics used in practice:

• Debt sizing & sculpting and waterfall mechanics.

• Partial energy hedge: pay-as-produced PPA with ~70% fixed-price coverage and ~30% merchant component.

• P50 / P75 / P90 energy yields and production uncertainty.

• Operating costs: O&M, land lease, insurance, TMA/CMA, degradation.

• Construction & COD timing, capex schedules, sources/uses, funding waterfalls.

• Sensitivity & scenario analysis that stands up to diligence-style conversations.

  
  

Advanced topics you’ll practice

• Modeling PPA hedge logic and measuring residual merchant exposure.

• Seasonality of generation and degradation impacts.

• Tax & reserve mechanics (e.g., MMRA, DRA) and jurisdiction-specific adjustments.

• A compact model dashboard for quick decision-making.

  
  

Who this course is for

• Analysts and associates in infrastructure/renewables investing.

• Project developers and IPPs building or evaluating assets.

• Debt financing professionals (project finance lenders, advisors).

• Investment banking and advisory teams working on energy transactions.

• Portfolio, asset, and fund managers seeking bank-ready modeling standards.
  (Beginners are welcome: the build is structured so you can follow from fundamentals to advanced features.)

  
  

Prerequisites

• Working knowledge of Excel; basic finance concepts are helpful.

• No prior VBA required (you’ll learn the bits you need as you go).

  
  

What’s included

• ~15 hours of focused, step-by-step video instruction.

• Downloadable spreadsheet checkpoint files, including the final template.

• A structured build that mirrors real-world project finance work.

• Certificate of completion on Udemy.

  
  

Pathway to the RVA Certification (optional next step)

This course is one module within the broader RVA Certification—RVI’s complete roadmap covering foundations, advanced debt & equity structures, valuation, and case-study execution across technologies.

• Credential: Earn the RVA Certification to signal mastery to employers and clients.

• Curriculum depth: Go beyond a single model—gain the full toolkit used in practice.

• Extra benefit: On RVI directly, students may be eligible to earn back up to 100% of their tuition (see the instructor profile for details).

  
  

Outcome
By the end of the course you’ll have a clean, defensible project finance model and the judgment to adapt it to real transactions—skills you can use immediately in interviews, on the desk, and in investment committees.