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Overview

Recommended Prep Courses

These preparatory courses are optional, but we recommend you to complete the stated prep course(s) or possess the equivalent knowledge before enrolling in this course:

Renewable Energy – Solar Financial Modeling Course Overview

This Renewable Energy – Solar Financial Modeling course covers critical concepts in evaluating a renewable energy project. This advanced course will guide you through a case study on a solar energy project. You’ll be given a confidential information memorandum (CIM) containing all the project details and financials you will need to build a financial model and analyze the return to investors.

Renewable Energy Learning Objectives

By completing this course, you’ll be able to:

Learn the definition of renewable energy and important terms used in the industry.
Understand the development timeline and funding structure of a solar project.
Construct a robust financial model for a solar project based on the provided assumptions.
Calculate the key return metrics (NPV, IRR, credit metrics, cash flow, and payback) and capital stack to assess the project’s profitability.

Why take this renewable energy course?

This Renewable Energy – Solar Financial Modeling course is built around a comprehensive solar energy case study. Upon completing this course, you’ll be able to construct an industry-specific financial model to evaluate the profitability of a renewable energy project.

Who should take this renewable energy course?

This renewable energy financial modeling course is designed for finance professionals who are looking to develop advanced financial modeling skills or want to learn how to build a financial model for a renewable energy project.

Renewable Energy - Solar Financial Modeling

Led by Antoine Bishara

Get Started

Level 5

Approx 6.5h to complete

100% online and self-paced

Get Recognized With CFI

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What you'll learn

Lesson

Multimedia

Exams

Files

Introduction

Course introduction Free Preview

Solar case study overview Free Preview

Case study details

Downloadable files

Renewable Energy Overview

Learning objectives Free Preview

Renewable energy Free Preview

Key renewable energy terms Free Preview

Other key renewable energy terms Free Preview

Key financing terms

Corporate vs project finance

Financial model goals

Return Metrics

Determining the IRR

Return metrics

Financial Model – Layout and Structure

Model structure and formatting

Financial Model – Assumptions Section

Assumptions section

Date periods

Energy production and capex assumptions

PPA assumptions

Operating costs assumptions

Tax rates financing assumptions and PPA term pricing Free Preview

Financial Model – Financial Section

Financial Model – Returns Section

Returns section

Discounting year for debt

Debt covenants

Maximum debt sizing

Interest and target principal amount

Debt schedule

Debt service coverage ratios

Depreciation schedule

Tax shelter and taxes payable

Tax shelter section audit

EBITDA and adjustments

FCFE and project IRR Free Preview

Running IRR, cash-on-cash, running cash-on-cash

Payback

Acquisition cost

Financial Model – Sensitivity Analysis

Sensitivity analysis overview

Sensitivity analysis on IRR and payback

Charts and Graphs

Charts and graphs overview

Linking the data

Pie chart - construction costs and capital stack

Bar chart - return data Free Preview

Download completed model

Thank you

Qualified Assessment

Qualified assessment

This Course is Part of the Following Programs

Why stop here? Expand your skills and show your expertise with the professional certifications, specializations, and CPE credits you’re already on your way to earning.

Financial Modeling & Valuation Analyst (FMVA)® Certification

Renewable Energy – Solar Financial Modeling is part of the Financial Modeling & Valuation Analyst (FMVA)® certification, which includes 42 courses.

Skills Learned Financial modeling and valuation, sensitivity analysis, strategy
Career Prep Investment banking and equity research, FP&A, corporate development

Learn More

What our students say

Feels great to learn more about renewable energy
Renewable Energy modelling is important in the era of ESG financing projects and investing

Arvin winatha

Love it
Very useful for project finance and sizing debt.

Rodrigo Cardenas

A lot of work on the recording is towards the bottom of the screen and can be annoying to see if the media menu is not hidden.

Sheikh Ishteyaq

Worth to be invested in
Wonderful courses are inside with excellent practice material and teaching quality.

Abdul Baseer

Complex but detail and enjoyable
This course is very complex with its industry-driven concepts. But with detailed exercises, it is very enjoyable.

Atinafu Asefa

Excellent course
Excellent course! Very informative, good locutor. I even laughed at times.

Francisco José Donoso Solís

Ultimate course
Ultimate Financial Modeling course for Renewable Energy !

Zaahid Cariem

it was all good
the pay back funcation is too much complicated

AMIR MIZRACHI

Fantastic. Definitely a good investment.
Either to obtain knowledge on the subject or refresh concepts you previously learned, the CFI courses are really worth it. Plus, you can expand your horizons by taking other courses or free electives besides your desired/selected certifications. The CFI courses combine the theory and practicality of different subjects with real-life problems and situations. Plus, the learning models are easy to use, the videos are user-friendly and the instructors are experienced. Good value for money especially if you are in a finance-related field and want to deep-dive into a specific area as well as become more proficient in it.

JOAO DIOGO MENDES MARINHO

LEVEL 5 INDEED
This course is indeed at Level 5, needs a firm background in modeling.

Victor Musonda

Good intro into project finance
A bit on the complicated side, but the model you create is very dynamic and showcases a lot of the skills you've picked up on over CFI courses.

Efren Oxlaj

Amused
learning a lot of great content

Kazibwe Ivan Tommy

Great course
Valuable and relevant course. More case study examples would have been great to have in the presentation.

Sabra Saleh

Recommendation
Excellent course! Thanks a lot! The acquired knowledge has already come in handy in the workplace, and in the RES field, too, you need an understanding of the subject area in order to be "in the know". For me, the topics about "Renewable Energy – Solar Financial Modeling" were the most useful. In addition, CFI offers other financial courses. The presentation of the material is very good. Complex material is explained as simply as possible. I really liked that there is an alternation of video lessons and a material format - it does not let you get bored. Thanks again!

Aidana Chalgynbayeva

The instructor had great enthusiasm and was really helpful

Charlie Li

Renewable Energy - Solar Finance Modelling
Very challenging course but I feel a lot more confident on how to do renewable energy models

Arnold Musadziruma

well put together
excellent - right level of detail

Sven van Bommel

The course was well laid out, great instructor who is knowledgeable in the sector. Great thanks to Antoine Bishara for the insightful knowledge shared.
This is a great introductory course if you are passionate about project finance in the renewable energy space.

Euler Ayaga

Best Course so far!
Has been the best course in the FWMA course so far!

Mate Toth

Great course!
Needs to be improved and get deeper into debt sizing.

Alejandro Fernandez

Solid framework
But highly suggest studying the core concepts/terms in advance of taking the course to have a better foundational understanding.

Steven Brooks

Applicative course!
This course is so impressive!

Irma Melvine TCHIPDA

Time worthy experience
overall the course gives a good indication of how to build a solar energy model, however, there should be more information regarding key variables of a solar energy panel such as the load factor.

Vangelis Samoilis

Very insightful and a good challenge
More practice models will be nice. Also, Models for other types of renewable energies will be nice.

IFENLOTA APAKAMA

Great course
great learning material and instruction

Innocent Vusumuzi Dube

Instructor gave an excellent explanation at all times.

Rodrigo Pineda

Great place to immerse yourself in solar modeling knowledge
I recently signed on a client who tasked me with constructing a financial model for a energy distribution (solar panels) business, and this helped me cut the learning curve and construct the model.

Diego Rafael Bermudez Flores

Amusing course
I recommend this course for professionals like me, who are from a country striving to meet energy need of its economy but has to conduct worthlessness of the project it is considering. It is a very good course. I personally loved it.

Fetene Kase

Very Advance Course
This course covers many information about modeling renewable energy project, very advance for most people. Make sure to have strong basic understanding on excel modeling and valuation prior taking this course.

Hendra Rakhmawan

Great solar financial modelling course
I enjoyed learning solar financial modelling in this course. It was presented in a clear and concise manner.

Oniel Oras

It's of different kind compared to other financial modeling courses
A hard module with complex assumptions and with a new particular way of computing free cash flow, cash-on-cash, etc.

Innocent Rukundo Musabyimana

Vital Knowledge
This course is exceptionally vital for today's finance professionals as we are moving towards green energy. It creates opportunities in the energy sector. It was exciting, and new skills developed.

Moses Kargbo

Course Completed But still showing 98% progress and unable to claim the certfificate
I have completed the Renewable Energy - Solar Financial Modeling Course, but still showing 98% progress and unable to claim the certfificate even though i have achieved 80% pass mark in qualified assesment and all the sections are marked with green check marks. Kindly review and issue the certificate and mark the course as 100% progress and completed in CFI Dashboard. Regards, Manoj

Manoj Kumar Nayak

Solar Financial Modeling#FMVA#
Well informative, precise and clear. Very recommended#Renewable energy#

Adama Sera Bah

Renewable Energy - Solar Financial Modeling
The course is essential for my business. However, I found that the instructor although highly qualified technically speaks too fast, sometimes he says one thing and does a different thing on the screen. In addition, there are errors of description in the templates. These glitches caused lots of pain and time. I am satisfied with the certification program, however, I recommend a review of the material and speed in which is given. Used the e-commerce course as a benchmark. The course is taught at the right speed, material well documented etc. I would be glad to speak to the instructor for further suggestions.

Luis Arroyo

Questions regarding the model
hi i have almost finished this model but there is one place that i dont quite understand - G101, when you calculate the principal amount if 85% Capex caps the Debt raised, why are we using the ratio of that / min of P50 or P99? Would be great if you could answer me! thanks, Rita

Rita ZHOU

Insightful!
I found this financial modeling course to be both fun and unique. I have not been familiar with the construct of solar energy financial modeling and after completing it there were sufficient learning experiences. Understanding the development timeline of a solar project was straight forward. It was also a helpful refresher to practice advanced financial modeling. Thank you CFI and Antoine for putting this together in the program.

Gurdeep Singh Jassal

Frequently asked questions

What are the requirements to take the courses?

All of our certification programs are open to students and professionals in various industries and levels of experience. Our curriculum is designed to teach what you need to know from basic fundamentals to advanced practical case studies. To take the courses and complete the exercises, students will only need access to a PC and/or Mac, Microsoft Suite (2016 or newer), and a stable internet connection. Click here to view the Technical Requirements

Can I download the Excel files and financial modeling templates for the course?

Absolutely! All the files and templates needed in a course are available for download. Just look for a module that shows Downloadable Files within the course dashboard. See here for a visual guide on how to do this.

How long do I have to complete the courses?

You will have yearly access to the courses as long as you maintain an active subscription. All the courses are self-paced as well so you can take your time in learning without worrying about any deadlines. Click here to compare our available enrollment options.

Are CFI courses officially accredited?

Yes, CFI is accredited by the Better Business Bureau® (BBB) to maintain training standards, the CPA Institutions in Canada, and the National Association of State Boards of Accountancy (NASBA) in the USA. Most of our courses qualify for verified CPE credits for CPA charter holders. Please refer to this page to view all available CPE credits.

Are there any additional fees or costs?

None! The bundle price includes everything and there are no additional fees or charges to earn your digital certification. You can see our enrollment fees listed here.

What currency are your courses priced in?

All our online courses are priced in USD. As this is a recurring payment, we accept all major credit and debit cards including Visa, MasterCard, and American Express.

How do I earn my certificates?

Students must complete all the video lessons, quizzes, and final assessments in each course. You can retake the assessments as many times as necessary until you reach an 80% passing grade. For more information on how to earn a course certificate, click HERE.

How are the exams conducted?

Students are required to complete an online assessment (Multiple choice questions, Fill-in-the-Blanks, and Excel Questions) at the end of each course. You can take the exams on your own schedule and will need to earn at least 80% to pass the course and earn your certificate of course completion. Please note that course exams can be repeated as many times as you need. Students are also required to complete the FMVA® final exam to earn their certification. How to Take a Qualified Assessment

Can I email the instructor if I have questions?

While the courses are designed mainly for self-study, we are happy to provide email assistance for general or technical support inquiries. The Full Immersion bundles include a premium email support function that allows you to communicate directly with in-house experts regarding course content. This is one of the key features that sets the Full Immersion bundle apart and makes it a worthwhile upgrade over the more affordable self-study bundle. You can compare more features in our bundles here.

Will these courses help me advance my career?

Based on hundreds of reviews from thousands of students we know how CFI courses have helped so many people advance their finance careers. Our courses are designed to be extremely practical and simulate the experience of being trained as a professional financial analyst…the ultimate way to advance your career. For real-world examples and to help delve even deeper into the course concepts, please look into our free career resources library.

Renewable Energy - Solar Financial Modeling

Recommended Prep Courses

Renewable Energy – Solar Financial Modeling Course Overview

Renewable Energy Learning Objectives

Why take this renewable energy course?

Who should take this renewable energy course?

Renewable Energy - Solar Financial Modeling

Get Recognized With CFI

What you'll learn

This Course is Part of the Following Programs

What our students say

Arvin winatha

Rodrigo Cardenas

Sheikh Ishteyaq

Abdul Baseer

Atinafu Asefa

Francisco José Donoso Solís

Zaahid Cariem

AMIR MIZRACHI

JOAO DIOGO MENDES MARINHO

Victor Musonda

Efren Oxlaj

Kazibwe Ivan Tommy

Sabra Saleh

Aidana Chalgynbayeva

Charlie Li

Arnold Musadziruma

Sven van Bommel

Euler Ayaga

Mate Toth

Alejandro Fernandez

Steven Brooks

Irma Melvine TCHIPDA

Vangelis Samoilis

IFENLOTA APAKAMA

Innocent Vusumuzi Dube

Rodrigo Pineda

Diego Rafael Bermudez Flores

Fetene Kase

Hendra Rakhmawan

Oniel Oras

Innocent Rukundo Musabyimana

Moses Kargbo

Manoj Kumar Nayak

Adama Sera Bah

Luis Arroyo

Rita ZHOU

Gurdeep Singh Jassal

Gurdeep Singh Jassal

Frequently asked questions

Get certified for Financial Modeling (FMVA)®