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Course 2014-2015 a.y.

20405 - PROJECT FINANCE AND FINANCING STRATEGIES FOR GREEN BUSINESS


CLMG - M - IM - MM - AFC - CLAPI - CLEFIN-FINANCE - CLELI - ACME - DES-ESS - EMIT
Department of Finance

Course taught in English


Go to class group/s: 31

CLMG (6 credits - II sem. - OP  |  SECS-P/11) - M (6 credits - II sem. - OP  |  SECS-P/11) - IM (6 credits - II sem. - OP  |  SECS-P/11) - MM (6 credits - II sem. - OP  |  SECS-P/11) - AFC (6 credits - II sem. - OP  |  SECS-P/11) - CLAPI (6 credits - II sem. - OP  |  SECS-P/11) - CLEFIN-FINANCE (6 credits - II sem. - OP  |  SECS-P/11) - CLELI (6 credits - II sem. - OP  |  SECS-P/11) - ACME (6 credits - II sem. - OP  |  SECS-P/11) - DES-ESS (6 credits - II sem. - OP  |  SECS-P/11) - EMIT (6 credits - II sem. - OP  |  SECS-P/11)
Course Director:
STEFANO GATTI

Classes: 31 (II sem.)
Instructors:
Class 31: STEFANO GATTI


Course Objectives

In the past few years, one of the sectors with rapid development for project finance techniques has been the green management business, with specific reference to renewable energy and water. These are industries with important implications for the state of the environment and with obvious spillovers on general welfare.
The course provides students with a rigorous methodological approach to the project finance technique and to projects in the renewable energy sector: photovoltaic plants, windfarms and biomass plants. Contractual and legal aspects, operational and engineering issues and regulatory problems are studied with the participation of external guest speakers and with applications to case studies.



Course Content Summary
  • Project financing:
    • features and differences with corporate financing; recent trends and development of the business;
    • risk analysis and risk management;
    • project agreements;
    • valuation of deal’s bankability;
    • finance agreements.
  • Project finance and green management:
    • the industry of renewables;
    • regulatory issues and public incentives: incentives for private projects and regulations for PPPs (public-private partnerships);
    • photovoltaic plants;
    • windfarms;
    • biomass plants.

Detailed Description of Assessment Methods

Final written exam for both attending and non attending students. No mid-term exam is scheduled. On a fully voluntary basis, attending students will have the possibility to join an “assignment program” that will count for 35% of the final mark of the exam.


Textbooks
  • S. GATTI, Project Finance in Theory and Practice, Elsevier-Academic Press, 2012, Second Edition (selected chapters).

          Slides by the instructors, made available through the You@B agenda.

Exam textbooks & Online Articles (check availability at the Library)

Prerequisites

None, although it is strongly recommended to have attended a basic Corporate Finance course and to master basic concepts of statistics and mathematical finance.

Last change 11/04/2014 09:34
 

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