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KEMI 2155A - Renewable energy transition: financing and regulatory consequences

Type d'enseignement : Seminar

Semester : Spring 2017-2018

Number of hours : 12

Language of tuition : English

Pre-requisite

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Course Description

The course describes the disruptive impact of renewable energy on the current electricity market, and explains how financing solutions which were designed for more mature technologies can be used to finance renewable energy projects. It first discusses the workings of today's electricity market, with its ongoing deregulation, then explains how electricity market prices are set and how renewable energy makes it necessary to switch paradigm. It then explores the origins of project finance and its applicability to renewable energy, including an explanation of bankability requirements for such projects. Finally, through a case study, the course will look at how offshore wind projects are financed, and current market conditions and typical financing challenges for such projects.

Teachers

  • BILSKI, Philippe (Project Manager, Green Giraffe)
  • GUILLET, Jérôme (Président)

Required reading

  • « Energie – Economie et politiques » Jean-Pierre Hansen et Jacques Percebois aux éditions De Boeck 2ème édition
  • Principles of project finance » de E.R Yescombe
  • Publications de Green Giraffe : https://green-giraffe.eu/publications
  • « The cost of wind, the price of wind, the value of wind” : https://green-giraffe.eu/article/cost-wind-price-wind-value-wind