Finance in energy
energy finance: heavy capital expenditure and long asset lives, the regulated rate base and allowed returns, project finance, and commodity price risk.
Energy and utilities finance runs on capital intensity, long asset lives, and regulated or contracted revenue streams that shape how projects get funded and valued. This block builds financial fluency for the sector: how generation, transmission, distribution and midstream assets are financed and valued, how regulators set allowed returns, and how commodity price swings, interest rates and policy shifts translate into cash flow and balance sheet risk. You will work through the core concepts applied to power, gas and renewables, master the calculations and benchmarks analysts and lenders actually use (LCOE, RAB, capacity factors, debt service coverage, credit metrics), and learn the regulatory frameworks and due-diligence checks needed to assess a utility, IPP or infrastructure fund investment with confidence.
Ce que vous allez maîtriser
- Read and interpret a utility or energy company's financial statements and capital structure through a sector-specific lens
- Calculate and benchmark key metrics such as LCOE, RAB, DSCR and capacity factor to assess project or company performance
- Evaluate the financial impact of regulatory frameworks like rate-of-return and RPI-X regulation on utility valuation and returns
- Conduct practical financial due diligence on an energy asset, PPA or infrastructure deal, identifying key risks and red flags