Green Project Finance and Investment Training Course

Participants can screen green project concepts for commercial, climate and financing viability.

• Project screening criteria covering demand, technology, permits, revenues, and emissions
• Theory of change linking project activities to measurable climate outcomes
• Baseline definition for energy use, emissions, and service delivery
• Materiality assessment of commercial, environmental, social, and governance issues
• Early-stage red flags affecting lender appetite and development costs
• Screening memo structure for sponsor and investment-committee decisions

Participants can assess the revenue model and contractual basis of a green project.

• Power purchase agreements: tariff design, tenor, dispatch, and curtailment
• Availability-payment concessions for transport, water, and municipal infrastructure
• Merchant revenue forecasting using price curves and volume assumptions
• Energy-service-company savings contracts and performance guarantee mechanisms
• Offtake credit assessment using financial strength and payment history
• Termination provisions, step-in rights, and compensation payment structures

Participants can develop defensible capital and operating cost assumptions for green assets.

• Capital expenditure breakdown: equipment, civil works, interconnection, and contingencies
• Operating cost forecasts including maintenance, insurance, land, and staffing
• Construction schedules translated into drawdown profiles and interest during construction
• Foreign-exchange exposure within imported equipment and debt-service obligations
• Inflation indexation applied to tariffs, operating costs, and reserve accounts
• Independent engineer reports and quantity-surveyor cost verification

Participants can construct the core architecture of a project-finance financial model.

• Model architecture separating assumptions, calculations, outputs, and audit checks
• Timeline construction using construction periods, operations dates, and debt tenor
• Revenue build from tariffs, volumes, degradation, and escalation
• Operating statements linking production, costs, taxes, and working capital
• Sources-and-uses schedule for equity, debt, grants, and fees
• Model integrity checks for balance, sign conventions, and circularity

Participants can calculate and interpret project and investor return measures.

• Net present value calculated using risk-adjusted discount rates
• Project IRR, equity IRR, and cash-on-cash return distinctions
• Weighted average cost of capital for blended debt-equity funding
• Free cash flow to firm and equity calculations
• Payback period limitations for long-life infrastructure assets
• Value drivers identified through contribution and bridge analysis

Participants can estimate debt capacity and assess lender credit requirements.

• Debt service coverage ratio calculated from cash flow available
• Loan life coverage ratio and project life coverage ratio
• Debt sizing using DSCR, sculpting, and maximum gearing constraints
• Reserve accounts for debt service, maintenance, and operating liquidity
• Cash waterfall priorities from revenues through shareholder distributions
• Default triggers, covenant headroom, and distribution lock-up provisions

Participants can allocate project risks to the parties best able to manage them.

• Risk register covering development, construction, operations, market, and political risks
• Risk allocation matrix matching risks with contractual counterparties
• Engineering-procurement-construction contracts: liquidated damages and performance tests
• Operations-and-maintenance agreements with availability and cost-control incentives
• Political risk insurance, guarantees, and currency-convertibility protections
• Sensitivity analysis for price, volume, delay, cost, and interest-rate shocks

Participants can integrate physical and transition climate risks into project appraisal.

• Physical climate hazards assessed through location-specific scenario analysis
• Asset resilience measures for heat, flooding, drought, and storms
• Transition risk from carbon policy, technology change, and demand shifts
• Task Force on Climate-related Financial Disclosures risk categories and disclosures
• Climate scenario assumptions incorporated into operating and financial models
• Adaptation expenditure evaluated against avoided losses and downtime

Participants can identify environmental-social requirements affecting financing and project execution.

• IFC Performance Standards applied during lender environmental-social due diligence
• Environmental and social action plans with accountable corrective measures
• Stakeholder engagement plans addressing affected communities and grievance mechanisms
• Biodiversity, land acquisition, labour, and community-health risk assessment
• Environmental-social covenants, monitoring reports, and lender notification requirements
• Climate claims tested against project evidence and disclosure controls

Participants can determine whether a project aligns with recognised green-finance criteria.

• Green Bond Principles use-of-proceeds and reporting requirements
• Climate Bonds Standard sector criteria and certification process
• EU Taxonomy technical screening criteria and minimum safeguards
• Do-no-significant-harm assessment for environmental objective conflicts
• Greenwashing controls through evidence files, governance, and external review
• Eligibility matrix linking project expenditures to financing criteria

Participants can structure concessional and commercial funding for viable green projects.

• Blended-finance rationale for projects with climate benefits and viability gaps
• Concessional loans, grants, guarantees, and first-loss capital roles
• Viability gap funding calculated against affordability and return constraints
• Development-finance institution requirements for additionality and mobilisation
• Results-based climate finance linked to verified project outcomes
• Funding stack design protecting commercial lender repayment priority

Participants can compare bond and loan instruments for green capital programmes.

• Green bond framework components: use of proceeds, governance, reporting
• Second-party opinions and external verification for green bond issuance
• Sustainability-linked loan KPIs, targets, and margin-adjustment mechanisms
• Green loans compared with project loans and corporate facilities
• Post-issuance allocation reporting and impact-reporting data controls
• Instrument selection based on asset pipeline, issuer profile, and costs

Participants can explain how carbon credits are created, sold and accounted for in projects.

• Compliance markets compared with voluntary carbon market transactions
• Carbon credit lifecycle from methodology selection through retirement
• Additionality, baseline, permanence, leakage, and double-counting principles
• GHG Protocol scopes and project-level emissions accounting boundaries
• Registry accounts, serial numbers, issuance cycles, and retirement records
• Carbon-credit buyers, intermediaries, brokers, and offtake counterparties

Participants can test the investment value and delivery risks of carbon-credit projects.

• Methodology selection matched to technology, geography, and activity type
• Monitoring plans specifying data sources, frequency, controls, and responsibilities
• Verification timing incorporated into issuance and cash-flow forecasts
• Buffer pools, reversal risks, and permanence obligations for removals
• Carbon-credit offtake agreements: pricing, delivery, and replacement provisions
• Quality assessment using integrity criteria and buyer due-diligence questions

Participants can model carbon-credit revenues and test their effect on project viability.

• Credit volume forecast derived from baseline, project, and leakage emissions
• Issuance lags modelled between monitoring, verification, and registry approval
• Price scenarios using contracted floors, market cases, and discounts
• Revenue-sharing provisions allocated between landowners, developers, and investors
• Tax, transaction fees, and registry costs included in net revenue
• Downside cases testing delayed issuance, invalidation, and buyer default

Participants can prepare a disciplined due-diligence process and investment recommendation.

• Due-diligence workplan covering commercial, technical, legal, financial, and ESG streams
• Data room index for permits, contracts, models, studies, and policies
• Independent advisor scopes for technical, legal, insurance, and environmental reviews
• Investment committee papers separating facts, assumptions, risks, and recommendations
• Conditions precedent and conditions subsequent for financing documentation
• Decision logs recording approvals, exceptions, and risk-owner commitments

Participants can plan financial close and monitor financed green projects after investment.

• Financial-close checklist covering contracts, permits, equity, and lender conditions
• Drawdown procedures tied to construction milestones and certified expenditure
• Monthly reporting packs covering operations, covenants, ESG, and climate metrics
• Variance analysis comparing actual generation, costs, revenues, and forecasts
• Early-warning indicators for covenant breaches and project underperformance
• Portfolio dashboards aggregating financial returns and emissions outcomes

Participants can negotiate core commercial terms while protecting project bankability.

• Term-sheet negotiation priorities for pricing, tenor, security, and covenants
• Sponsor-equity negotiations covering returns, control, dilution, and exit rights
• Lender concerns translated into mitigants, information, and contractual protections
• Offtaker negotiations addressing tariffs, indexation, curtailment, and credit support
• Carbon buyer negotiations covering price, delivery schedules, and remedies
• Negotiation preparation using BATNA, reservation points, and issue trading

Participants can build, review and present a complete green-project financing and investment case.

• Project investment thesis supported by market, technical, and climate evidence
• Integrated financial model with returns, debt capacity, and sensitivities
• Funding plan combining equity, debt, concessional capital, and carbon revenues
• Risk register assigning mitigants, owners, residual exposure, and contingencies
• Environmental-social and climate-risk findings incorporated into investment conditions
• Investment-committee presentation defending recommendation, assumptions, and approval requirements