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Overview

Recommended Prep Courses

These preparatory courses are optional, but we recommend you to complete the stated prep course(s) or possess the equivalent knowledge before enrolling in this course:

Renewable Energy – Solar Financial Modeling Course Overview

This Renewable Energy – Solar Financial Modeling course covers critical concepts in evaluating a renewable energy project. This advanced course will guide you through a case study on a solar energy project. You’ll be given a confidential information memorandum (CIM) which contains all the project details and financials that you will need to build a financial model and analyze the return to investors.

Renewable Energy Learning Objectives

By completing this course, you’ll be able to:

Learn the definition of renewable energy and important terms used in the industry.
Understand the development timeline and funding structure of a solar project.
Construct a robust financial model for a solar project based on the provided assumptions.
Calculate the key return metrics (NPV, IRR, credit metrics, cash flow, and payback) and capital stack to assess the project’s profitability.

Why take this Renewable Energy Course

This Renewable Energy – Solar Financial Modeling course is built around a comprehensive solar energy case study. Upon completing this course, you’ll be able to construct an industry-specific financial model to evaluate the profitability of a renewable energy project.

By taking this course, you’ll apply the knowledge and skills you’ve learned throughout the FMVA® program. You’ll learn step-by-step how professionals build solar financial models from scratch.

Who should take this Renewable Energy Course

This renewable energy financial modeling course is designed for finance professionals who are looking to develop advanced financial modeling skills or want to learn how to build a financial model for a renewable energy project.

This course is one of the elective requirements for CFI’s Financial Modeling and Valuation Analyst (FMVA)® certification.

Renewable Energy - Solar Financial Modeling

Get Started

Level 5

Approx 6.5h to complete

100% online and self-paced

Subscribe to get access to FMVA and other programs

From $497/year

Learn More

What you'll learn

Lesson

Multimedia

Exams

Files

Introduction

Course introduction Free Preview

Solar case study overview Free Preview

Case study details

Downloadable files

Renewable Energy Overview

Learning objectives Free Preview

Renewable energy Free Preview

Key renewable energy terms Free Preview

Other key renewable energy terms Free Preview

Key financing terms

Corporate vs project finance

Financial model goals

Return Metrics

Determining the IRR

Return metrics

Financial Model – Layout and Structure

Model structure and formatting

Financial Model – Assumptions Section

Assumptions section

Date periods

Energy production and capex assumptions

PPA assumptions

Operating costs assumptions

Tax rates financing assumptions and PPA term pricing Free Preview

Financial Model – Financial Section

Financial Model – Returns Section

Returns section

Discounting year for debt

Debt covenants

Maximum debt sizing

Interest and target principal amount

Debt schedule

Debt service coverage ratios

Depreciation schedule

Tax shelter and taxes payable

Tax shelter section audit

EBITDA and adjustments

FCFE and project IRR Free Preview

Running IRR, cash-on-cash, running cash-on-cash

Payback

Acquisition cost

Financial Model – Sensitivity Analysis

Sensitivity analysis overview

Sensitivity analysis on IRR and payback

Charts and Graphs

Charts and graphs overview

Linking the data

Pie chart - construction costs and capital stack

Bar chart - return data Free Preview

Download completed model

Thank you

Qualified Assessment

Qualified assessment

Become a certified Financial Modeling & Valuation Analyst (FMVA)® Certification

Renewable Energy – Solar Financial Modeling is part of the Financial Modeling & Valuation Analyst (FMVA)® certification, which includes 38 courses.

Financial Modeling & Valuation Analyst (FMVA)® Certification

Skills learned Financial modeling and valuation, sensitivity analysis, strategy
Career prep Investment banking and equity research, FP&A, corporate development

Learn more

Path to certification

Prerequisite courses

7 courses from beginner to intermediate level.

01 Optional

Core courses

11 courses from beginner to intermediate level.

02 Required

Elective courses

19 courses at an advanced level.

03 Required

Get Certified

Submit your FMVA® checklist and order your certificate.

04 Required

Join our community

Get access to the Global Corporate Finance Society.

05 Optional

How the certification works

FMVA® Financial Analyst Certification courses are offered 100% online, allowing you the flexibility to start the financial analyst program anytime and learn when it’s most convenient for you.

The program is a part of the All Access Subscription, which includes all programs and courses.

CFI courses are designed by instructors with over 21 years of financial analyst training experience.

Students must complete all core and elective courses (14 in total) and demonstrate mastery of the topics through successful completion of course materials, quizzes, and assessments.

Within 48 hours of program completion, your Blockchain Verified FMVA Certification will be emailed to you.

What our students say

a
a

Shabnam Aliyeva

Best Course so far!
Has been the best course in the FWMA course so far!

Mate Toth

OK
GOOD

PHUONG HOANG KHAC

Great course!
Needs to be improved and get deeper into debt sizing.

Alejandro Fernandez

Solid framework
But highly suggest studying the core concepts/terms in advance of taking the course to have a better foundational understanding.

Steven Brooks

good for beginners,
entry level financial modeling for beginners, some formulars too complex

洋陈

Applicative course!
This course is so impressive!

Irma Melvine TCHIPDA

Time worthy experience
overall the course gives a good indication of how to build a solar energy model, however, there should be more information regarding key variables of a solar energy panel such as the load factor.

Vangelis Samoilis

na
na

Orkhan Shamilzade

Excellent
Loved the course

Intekhab Bin Yousuf

Great
Great

Nils Seiler

Very insightful and a good challenge
More practice models will be nice. Also, Models for other types of renewable energies will be nice.

IFENLOTA APAKAMA

Informative And Engaging
great tutorials

Sushank Pandey

Renewable Energy - Solar Financial Modeling Course
Very good.

Edo Dvizac

Great course
great learning material and instruction

Innocent Vusumuzi Dube

Comprehensive Walkthrough
Instructor gave an excellent explanation at all times.

Rodrigo Pineda

Need more improvement
The course needs more explanation, examples and quizzes

Ashraf Ibrahim

Very useful
None

RUDIN GJONI

I think this is crucial for any one who works for financial institutions to have concepts like this course
Important

Osman Ibrahim Duale

Great place to immerse yourself in solar modeling knowledge
I recently signed on a client who tasked me with constructing a financial model for a energy distribution (solar panels) business, and this helped me cut the learning curve and construct the model.

Diego Rafael Bermudez Flores

Amusing course
I recommend this course for professionals like me, who are from a country striving to meet energy need of its economy but has to conduct worthlessness of the project it is considering. It is a very good course. I personally loved it.

Fetene Kase

Very Advance Course
This course covers many information about modeling renewable energy project, very advance for most people. Make sure to have strong basic understanding on excel modeling and valuation prior taking this course.

Hendra Rakhmawan

Good work.
Good work.

Cihan Aktaş

Great solar financial modelling course
I enjoyed learning solar financial modelling in this course. It was presented in a clear and concise manner.

Oniel Oras

It's of different kind compared to other financial modeling courses
A hard module with complex assumptions and with a new particular way of computing free cash flow, cash-on-cash, etc.

Innocent Rukundo Musabyimana

Vital Knowledge
This course is exceptionally vital for today's finance professionals as we are moving towards green energy. It creates opportunities in the energy sector. It was exciting, and new skills developed.

Moses Kargbo

Course Completed But still showing 98% progress and unable to claim the certfificate
I have completed the Renewable Energy - Solar Financial Modeling Course, but still showing 98% progress and unable to claim the certfificate even though i have achieved 80% pass mark in qualified assesment and all the sections are marked with green check marks. Kindly review and issue the certificate and mark the course as 100% progress and completed in CFI Dashboard. Regards, Manoj

Manoj Kumar Nayak

Solar Financial Modeling#FMVA#
Well informative, precise and clear. Very recommended#Renewable energy#

Adama Sera Bah

solar energy modeling
This y solar modelling was tough as I did not have prior background of the industry. Though the instructor was good but some of the concepts were not clearly understood by me. The instructor was also very fast looking into the intricacies of the model. Though i took long time to complete the assessment test but many things were remained unclear. I request CFI to help guide me if I put some queries regarding this module of solar modelling Waiting for a reply.

Ashok Mishra

Renewable Energy - Solar Financial Modeling
The course is essential for my business. However, I found that the instructor although highly qualified technically speaks too fast, sometimes he says one thing and does a different thing on the screen. In addition, there are errors of description in the templates. These glitches caused lots of pain and time. I am satisfied with the certification program, however, I recommend a review of the material and speed in which is given. Used the e-commerce course as a benchmark. The course is taught at the right speed, material well documented etc. I would be glad to speak to the instructor for further suggestions.

Luis Arroyo

Insightful!
I found this financial modeling course to be both fun and unique. I have not been familiar with the construct of solar energy financial modeling and after completing it there were sufficient learning experiences. Understanding the development timeline of a solar project was straight forward. It was also a helpful refresher to practice advanced financial modeling. Thank you CFI and Antoine for putting this together in the program.

Gurdeep Singh Jassal

Amr Mohamed Ismail Ahmed Badawy
Excellent Course.

Amr Mohamed Ismail Ahmed Badawy

Fantastic
Very good course, however more details on Financing assumptions sections could have helped students equip with more knowledge.

Harikishan Mandalapu

Frequently asked questions

What are the requirements to take the courses?

All of our certification programs are open to students and professionals in various industries and levels of experience. Our curriculum is designed to teach what you need to know from basic fundamentals to advanced practical case studies. To take the courses and complete the exercises, students will only need access to a PC and/or Mac, Microsoft Suite (2016 or newer), and a stable internet connection. Click here to view the Technical Requirements

Can I download the Excel files and financial modeling templates for the course?

Absolutely! All the files and templates needed in a course are available for download. Just look for a module that shows Downloadable Files within the course dashboard. See here for a visual guide on how to do this.

How long do I have to complete the courses?

You will have yearly access to the courses as long as you maintain an active subscription. All the courses are self-paced as well so you can take your time in learning without worrying about any deadlines. Click here to compare our available enrollment options.

Are CFI courses officially accredited?

Yes, CFI is accredited by the Better Business Bureau® (BBB) to maintain training standards, the CPA Institutions in Canada, and the National Association of State Boards of Accountancy (NASBA) in the USA. Most of our courses qualify for verified CPE credits for CPA charter holders. Please refer to this page to view all available CPE credits.

Are there any additional fees or costs?

None! The bundle price includes everything and there are no additional fees or charges to earn your digital certification. You can see our enrollment fees listed here.

What currency are your courses priced in?

All our online courses are priced in USD. As this is a recurring payment, we accept all major credit and debit cards including Visa, MasterCard, and American Express.

How do I earn my certificates?

Students must complete all the video lessons, quizzes, and final assessments in each course. You can retake the assessments as many times as necessary until you reach an 80% passing grade. For more information on how to earn a course certificate, click HERE.

How are the exams conducted?

Students are required to complete an online assessment (Multiple choice questions, Fill-in-the-Blanks, and Excel Questions) at the end of each course. You can take the exams on your own schedule and will need to earn at least 80% to pass the course and earn your certificate of course completion. Please note that course exams can be repeated as many times as you need. Students are also required to complete the FMVA® final exam to earn their certification. How to Take a Qualified Assessment

Can I email the instructor if I have questions?

While the courses are designed mainly for self-study, we are happy to provide email assistance for general or technical support inquiries. The Full Immersion bundles include a premium email support function that allows you to communicate directly with in-house experts regarding course content. This is one of the key features that sets the Full Immersion bundle apart and makes it a worthwhile upgrade over the more affordable self-study bundle. You can compare more features in our bundles here.

Will these courses help me advance my career?

Based on hundreds of reviews from thousands of students we know how CFI courses have helped so many people advance their finance careers. Our courses are designed to be extremely practical and simulate the experience of being trained as a professional financial analyst…the ultimate way to advance your career. For real-world examples and to help delve even deeper into the course concepts, please look into our free career resources library.

Renewable Energy - Solar Financial Modeling

Recommended Prep Courses

Renewable Energy – Solar Financial Modeling Course Overview

Renewable Energy Learning Objectives

Why take this Renewable Energy Course

Who should take this Renewable Energy Course

Renewable Energy - Solar Financial Modeling

Subscribe to get access to FMVA and other programs

What you'll learn

Path to certification

Prerequisite courses

Core courses

Elective courses

Get Certified

Join our community

How the certification works

What our students say

Shabnam Aliyeva

Mate Toth

PHUONG HOANG KHAC

Alejandro Fernandez

Steven Brooks

洋 陈

Irma Melvine TCHIPDA

Vangelis Samoilis

Orkhan Shamilzade

Intekhab Bin Yousuf

Nils Seiler

IFENLOTA APAKAMA

Sushank Pandey

Edo Dvizac

Innocent Vusumuzi Dube

Rodrigo Pineda

Ashraf Ibrahim

RUDIN GJONI

Osman Ibrahim Duale

Diego Rafael Bermudez Flores

Fetene Kase

Hendra Rakhmawan

Cihan Aktaş

Oniel Oras

Innocent Rukundo Musabyimana

Moses Kargbo

Manoj Kumar Nayak

Adama Sera Bah

Ashok Mishra

Luis Arroyo

Gurdeep Singh Jassal

Amr Mohamed Ismail Ahmed Badawy

Harikishan Mandalapu

Frequently asked questions

Get certified for Financial Modeling (FMVA)®

洋陈