{"product_id":"private-equity-equis-renewables-wind-actual-case-study-2025","title":"EQUIS OPERATING RENEWABLES PE (WIND) ACTUAL CASE STUDY 2025","description":"\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"28\"\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003eA genuine renewables PE \/ infrastructure modelling test. Sanitised,\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"29\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003erebranded, and packaged as an ACTUAL Case Study 2025 product. The\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"30\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003eexercise is preserved exactly as a candidate sees it - no answers,\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"31\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003eno solution, no walkthrough.\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"32\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003e\u003cspan data-prose-review-ignore=\"\"\u003e \u003c\/span\u003e\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"33\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003eWHAT YOU GET\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"34\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003e\u003cspan data-prose-review-ignore=\"\"\u003e \u003c\/span\u003e\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"35\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003eExcel workbook (.xlsx)\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"36\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003eA 3-tab template: Instructions, Inputs, and a blank Calculations tab\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"37\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003ewhere you build the model from scratch. Brand-styled Cover tab on top\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"38\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003ewith objective, skills tested, and per-tab instructions.\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"39\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003e\u003cspan data-prose-review-ignore=\"\"\u003e \u003c\/span\u003e\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"40\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003eTHE EXERCISE\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"41\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003e\u003cspan data-prose-review-ignore=\"\"\u003e \u003c\/span\u003e\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"42\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003eYou are evaluating an investment in an operating 420MW onshore wind\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"43\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003efarm in Australia (70 turbines x 6MW, 38% capacity factor, 30 years\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"44\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003eremaining operational life).\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"45\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003e\u003cspan data-prose-review-ignore=\"\"\u003e \u003c\/span\u003e\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"46\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003eYou need to:\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"47\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003e- Build a yearly cash flow model: contracted vs uncontracted revenue,\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"48\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003e  operating costs, capex, working capital, taxes.\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"49\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003e- Calculate total Cash Flow Available for Debt Service.\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"50\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003e- Size the maximum supportable debt using a blended DSCR approach,\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"51\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003e  weighted by the contracted \/ uncontracted revenue mix.\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"52\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003e- Calculate the NPV of the asset.\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"53\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003e- At a given purchase price, solve for Equity IRR, project MOIC over\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"54\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003e  the asset life, and the payback period.\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"55\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003e- Produce revenue and debt charts.\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"56\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003e\u003cspan data-prose-review-ignore=\"\"\u003e \u003c\/span\u003e\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"57\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003eWHAT IT TESTS\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"58\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003e\u003cspan data-prose-review-ignore=\"\"\u003e \u003c\/span\u003e\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"59\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003e- Project finance fundamentals for an operating asset (no construction).\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"60\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003e- DSCR-based debt sizing under split contracted \/ merchant revenue.\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"61\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003e- Returns analysis - NPV, Equity IRR, MOIC, payback.\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"62\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003e- Modelling under realistic time pressure (yearly, no template provided).\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"63\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003e- Investment judgement - what's the right price to bid for this asset.\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"64\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003e\u003cspan data-prose-review-ignore=\"\"\u003e \u003c\/span\u003e\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"65\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003eWHO THIS IS FOR\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"66\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003e\u003cspan data-prose-review-ignore=\"\"\u003e \u003c\/span\u003e\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"67\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003eCandidates targeting:\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"68\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003e- Renewables \/ infrastructure investment teams in APAC (Macquarie Asset\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"69\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003e  Management, IFM Investors, Igneo, Stonepeak, KKR Infra, BlackRock\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"70\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003e  Climate Infrastructure, GIP, Brookfield Renewables).\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"71\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003e- Sponsor-side renewables developers (Tilt, Squadron, AGL, Acciona,\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"72\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003e  Iberdrola, EDF Renewables, Lightsource bp).\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"73\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003e- Big 4 transaction services teams covering renewables.\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"74\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003e- Project finance debt teams at infrastructure banks (Macquarie GIG,\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"75\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003e  CBA, NAB, MUFG, Sumitomo, BNP Paribas).\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"76\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003e\u003cspan data-prose-review-ignore=\"\"\u003e \u003c\/span\u003e\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"77\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003eDifficulty: advanced. You build the entire model in the blank\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"78\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003eCalculations tab. Comfort with circular references, DSCR-based debt\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"79\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003esizing, and operational project finance assumed.\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"80\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003e\u003cspan data-prose-review-ignore=\"\"\u003e \u003c\/span\u003e\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"81\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003eWHAT'S NOT INCLUDED\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"82\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003e\u003cspan data-prose-review-ignore=\"\"\u003e \u003c\/span\u003e\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"83\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003e- No answer key. No model solution. No walkthrough video.\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"84\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003e- No model template - the Calculations tab is intentionally blank\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"85\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003e  so you build the structure yourself.\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"86\"\u003e\n\u003cspan class=\"flex items-start justify-center font-mono text-xs select-none relative w-3 text-text-500\" data-prose-review-ignore=\"\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003cdiv class=\"flex-1 flex items-start pl-0 pr-2 group-data-[scrollable]\/overlay:pr-6 min-w-0 font-mono\"\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003e- This is a workout, not a tutorial.\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e","brand":"Alex Euripidou","offers":[{"title":"Default Title","offer_id":51833541165352,"sku":null,"price":15.0,"currency_code":"AUD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0989\/1043\/7672\/files\/OperatingRenewablesPE_Wind_ACTUALCaseStudy2025-mockup.png?v=1779065104","url":"https:\/\/alexeuripidou.com\/products\/private-equity-equis-renewables-wind-actual-case-study-2025","provider":"Alex Euripidou","version":"1.0","type":"link"}