Advanced Financial Modeling for Renewable Energy – ( US )

Tax Equity Flip Structure

Created by: Greg Ahuy
Financial Modeler at FMO - Financial Model Online

What Will I Learn?

• How to model the allocations of tax benefits between tax equity and sponsor, including the capital accounts, DRO, Qualifies Income Offset, and outside basis;
• How to size tax equity investment in a yield-based flip;
• Optimize the model to achieve the requirements of lender, sponsor and tax equity investor;
• How to size debt based on multiple covenants for wind and solar projects;
• How to create best practice macro’s and Excel VBA codes to break circularities;
• How renewable projects are financed;
• Gain insights into the financial model development process, step-by-step – for a renewable energy model;

Requirements

• Note that this is an advanced financial modeling course, and it is expected that you know how to model the project finance models for renewable energy projects. Most of our students take our other course "Project Finance Modeling for Renewable Energy" before taking the advanced course.

Target audience

• Typical students include analysts, managers, senior managers, associate directors, financial advisors, financiers and CFOs from project companies, investment banks, private equity and infrastructure funds.