Date: 28 and 29 November 2022 
Time: 09:00 am - 12:30 pm 
Venue: Online

*** 30% grant funded discount available for member companies. Please contact training@windenergyireland.com to avail of the grant funded discount. ***

Course Overview

The purpose of this course is to equip finance professionals wishing to enter the renewable energy industry with the knowledge, skill and competence to understand the nuances of accounting and finance of the industry.

For non-finance professionals already working in the industry, this course will provide an overview of the interaction between technical and financial aspects of the industry.

Course Objectives

The course will involve theory and interactive work. On completion, you will be understand:

1. The macro picture of the Irish renewable energy industry (i.e. so participants will understand REFIT 1, 2 & 3, RESS, PSO etc...)
2. Electricity markets and how they work (SEMO, day-ahead market, balancing market).
3. the different phases of a project lifecycle (development, construction and operational) and the accounting implications;
4. revenue recognition for a renewable energy wind or solar farm (PPAs, CPPAs, R-Factors etc);
5. the nuances of operational assets and how contracts work in an accounting sense (e.g. turbine O&M agreements, rental agreements, PPAs)
6. Different aspects of taxation for renewable energy farms (VAT, RCT, Capital allowances)
7. Budgeting for renewable energy farms (budgeting cycle, indexation) and upstreaming (cash forecasting & optimisation)
8. Financing structures in renewables and reporting to external lenders for the same (understanding key metrics and what they mean for the owners of renewable farms)

Who Should Attend

1. Accountants and finance professionals wishing to enter the sector
2. Non-finance professionals already working in the sector

Course Content

This course will be run over 2 half days. The first day will be theoretical and interactive and the second day will involve a case-study to put into action the learnings from day 1.

About the Trainer

SkySpecs Financial Asset Management is Ireland’s number one financial asset management firm for the renewable energy industry. In addition to managing farms in Ireland, SkySpecs also manage renewable energy farms across Europe on behalf of funds and IPP.