What is project finance? What makes project or structured finance so relevant for large renewable energy infrastructure? What concepts are paramount when developing utility-scale wind and solar energy, battery-based energy storage, or green hydrogen projects? How are such projects structured to be bankable? These questions - and many more - are answered throughout this book, from technical, financial, and legal perspectives, thus offering real-world examples to bridge the gap between theory and practice.

Now in its second, updated and expanded edition, the book details the role of each stakeholder in the development of renewable energy projects, the interconnection between all agreements, and the financial process from fundraising to financial close. It also covers due diligence, risk analysis, project investment valuation, and much more. A commented glossary enables readers to unpack the jargon used in project finance for renewable energy and investment management, while numerous creative figures and comprehensive tables aid understanding.

The new edition explores the implications of a just transition to a low-carbon economy. It includes expanded chapters addressing stochastic and unforeseen changes that affect the financing of renewable energy projects, as well as new chapters on carbon markets and pricing, energy transition finance, ESG and sustainable investing, portfolio management, blended finance and decarbonization funds, and project finance applied to battery energy storage systems (BESS) and green hydrogen infrastructure.

Offering a complete picture of the discipline, Introduction to Project Finance in Renewable Energy Infrastructure will be of value to professionals such as lawyers, bankers, developers, engineers, and academics interested in understanding the processes and components of project finance in renewable energy infrastructure - across both private and public-private contexts, and with mature or emerging technologies.

Offers a thorough guide to project finance in renewable energy infrastructures with real-world case studies Includes a commented glossary, clearly explaining jargon from both the financial and energy sectors with case studies This new, updated and expanded edition includes new chapters on carbon markets, energy transition finance, ESG and more

Autorentext

Farid Mohamadi graduated in industrial engineering from HTW in Berlin (2006) and ESTA in Belfort (2004) and holds a master s degree in Green Energy and Climate Finance from the Berlin School of Economics and Law, HWR (2022). He is certified Financial Modeling and Valuation Analyst (FMVA) from CFI in Toronto and Green Energy Finance Specialist (GEFS) from RENAC in Berlin. He was visiting lecturer at the National University of Colombia. He currently works in the Energy Transition team of KGAL, an asset and investment manager, and is Co-CEO of the KfW s P-t-X Development Fund that promotes the ramp up of green H2 markets in the Global South. Mr Mohamadi is a seasoned professional with almost two decades of experience in management of renewable energy projects in developed and developing countries (Europe, North Africa and Latin America). He has knowledge of the complete process of project development and financing, from the fundraising to the operation of the assets. This includes knowledge of private and public procurement and tender processes, technical assessment and financial valuation of large-scale projects and assets, interaction and negotiation between the involved parties, the legal frameworks in developed and emerging countries, the contractual structure behind the projects and complex M&A transactions.

Inhalt

Introductory Concepts.- Chapter 1. Corporate Vs. Project Finance.- Chapter 2. Project Finance From the Perspective of Each Stakeholder.- Chapter 3. Developing Renewable Energy Projects.- Chapter 4. Interest Conflicts Between the Stakeholders.- Chapter 5. Public Private Partnerships and Concessions.- Chapter 6. Contracts in Project Finance.- Chapter 7. Basics of Financial Modelling.- Chapter 8. Quantitative Evaluation of Renewable Energy Projects.- Chapter 9. Qualitative Evaluation of Renewable Energy Projects.- Chapter 10. Risk Definition and Analysis.- Chapter 11. Termination: Change in Law, Default and Dispute Resolution.- Chapter 12. Due Diligence.- Chapter 13. Technology Development.- Chapter 14. Climate Finance at a Glance.- Chapter 15. Case Studies: Auction Bid (I) and Shares Purchase Offer (II).- Chapter 16. Financial and Technical Glossary.