Renewable Energy Project Finance
Embark on a comprehensive journey through renewable energy project finance with Lachlan Tait. Gain an understanding of the fundamentals, including special purpose vehicles (SPVs), securities, contract bankability, project documents, EPC agreements, and sector-specific challenges.
Pathway Information
Duration
52 mins 50 secsLevel
CompetentReviews
4.7CPD credits
1Subtitles
Danish (Dansk), German (Deutsch), English, Spanish (Español), Finnish (Suomi), French (Français), Norwegian (Norsk), Swedish (Svenska)
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To achieve the path to net zero, we need renewable energy. Before we can get renewable energy, we need to fund renewable energy projects. Where do you start? Join Lachlan Tait as he explains the fundamentals of renewable energy project finance. Explore SPVs, securities, contract bankability, project documents, EPC agreements and sector specific challenges in this all-encompassing pathway.
What you will learn
Understand the fundamentals of renewable energy project finance
Explore special purpose vehicles (SPVs)
Assess securities, contract bankability, project documents, and EPC agreements
Who is this for?
This pathway is designed for individuals interested in understanding the financial aspects of renewable energy projects. Whether you're a finance professional, project developer, or renewable energy enthusiast, this pathway provides valuable insights into the fundamentals of renewable energy project finance.
Experts
Lachlan Tait
15 years: Renewable energy & project finance lawyer
Lachlan Tait is a lawyer specialising in renewable energy and project finance, and has been for 15 years. For the last 5 years he has worked in-house with renewable energy developers active across a range of jurisdictions, including both developed and emerging markets. He has participated in the negotiation, documentation and closing of numerous renewables project financings, involving a wide range of lenders including smaller national banks and international commercial banks.
Pathway content
Introduction to Renewable Energy Project Finance
This video explains what project finance actually is, with a few examples of how it differs from corporate finance. It further highlights the non-recourse nature of this type of financing and explores the role of SPVs and how they turn renewable energy and other large-scale projects from high-risk, high-cost, inaccessible undertakings into more manageable endeavours.
Lachlan Tait • 06:54
Project Finance Security and Limited Recourse
In this video, Lachlan will continue to explore the key elements involved in project finance and will explain why security is such a vital consideration for lenders. He will also take us through project revenues, which are used to service the project finance debt and pay contractors for work completed.
Lachlan Tait • 06:21
Bankability of a Renewable Energy Project
In the third video of this series, Lachlan talks about "bankability", what it means, and what makes a renewable energy project "bankable."
Lachlan Tait • 05:21
Renewable Energy Project Documents
In this video, Lachlan will explore the different document types, often referred to as "project documents," that are typically used for renewable energy projects, as well as look at how they influence bankability.
Lachlan Tait • 09:45
Renewable Energy Financing Documents
This video highlights some key examples of the other type of document involved here, the financing documents under which renewable energy projects are financed.
Lachlan Tait • 05:08
EPC Solvency and Grid Connection
In this video, Lachlan covers the overarching challenges facing renewables as a sector and how the project contracts can be used to overcome or otherwise manage these challenges.
Lachlan Tait • 10:20
PPA Price Risk and Force Majeure
In the final video of this series, Lachlan expands on the area by outlining two more sector-specific challenges: PPA price risks and the impacts of COVID-19 as a force majeure event.
Lachlan Tait • 09:01
