{"product_id":"project-finance-total-energies-renewables-actual-case-study-2025","title":"TOTAL ENERGIES RENEWABLES PROJECT FINANCE (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 project finance modelling test from a global 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=\"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\n\u003ccode class=\"font-mono text-xs break-all\"\u003edeveloper. \u003c\/code\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003e The exercise is preserved exactly as a candidate sees it\u003c\/code\u003e\n\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\"\u003eExcel answer sheet.\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 style=\"font-family: monospace;\"\u003e\u003cspan\u003e\u003c\/span\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\u003cspan style=\"font-family: monospace;\"\u003eAttempted Sovled Case Excel Study\u003c\/span\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\"\u003eCase brief (.pdf)\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\n\u003ccode class=\"font-mono text-xs break-all\"\u003eThe cleaned 1-page brief with all assumptions and questions,\u003cbr\u003e\u003cbr\u003e\u003c\/code\u003e\n\u003cdiv class=\"group\/line flex border-l-[3px] border-l-transparent\" data-diff-type=\"normal\" data-diff-line=\"44\"\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\"\u003eHE 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=\"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\"\u003eBuild a project finance model for a 200 MWp solar PV project in New\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\"\u003eSouth Wales:\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\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=\"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- 15-year PPA at AUD 48 \/ MWh (indexed 2.5%) on 100% of generation,\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  merchant tail at AUD 55 \/ MWh thereafter (indexed 2.5%).\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- 30-year project life. Gross annual generation 440,000 MWh P50,\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  0.3% annual degradation, 94% MLF.\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- Project costs AUD 230m. OPEX AUD 5.35m \/ yr (indexed).\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  Maintenance capex AUD 525k \/ yr. 4% straight-line depreciation.\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  30% corporate tax.\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- Debt: 130bps upfront fees, 40% margin commitment fees, 175bps margin,\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\"\u003e  100% interest rate hedge at 2.4%, 22-year tenor.\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- Debt sizing: lower of 1.85x DSCR on P50 (Merchant) and 1.25x DSCR on\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  P50 (Contracted), capped at 75% gearing.\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\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=\"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\"\u003eWHAT YOU NEED TO PRODUCE\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\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=\"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- Full 3-statement model (P\u0026amp;amp;L, Cash Flow, Balance Sheet).\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- Project IRR, Equity IRR, NPV, 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=\"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\"\u003e- DSCR profile by 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=\"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- Debt sizing solve against the sculpted minimum DSCR covenants.\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\"\u003e- Sensitivity table on key levers (PPA price, capex, gearing, swap rate).\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\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=\"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\"\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=\"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\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=\"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\"\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=\"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- Renewables \/ infrastructure project finance teams at investment banks\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  (Macquarie GIG, Commbank, NAB, MUFG, Sumitomo, MIRA).\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- Sponsor-side developers (Tilt, Squadron, Lightsource, TotalEnergies\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  Renewables, AGL, Iberdrola, EDF, Acciona, etc.).\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- Infra PE funds with renewables strategies.\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\"\u003e- Big 4 \/ advisory 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=\"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\"\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=\"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\"\u003eThis is a difficulty:advanced case. Comfort with circular references,\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\"\u003eDSCR sculpting, sensitivity tables, and 3-statement integration is\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\"\u003eassumed. If you have not built a project finance model before, start\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\"\u003ewith the basic financial modelling case studies first.\u003c\/code\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003ccode class=\"font-mono text-xs break-all\"\u003e\u003c\/code\u003e\u003ccode class=\"font-mono text-xs break-all\"\u003e\u003c\/code\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e","brand":"Alex Euripidou","offers":[{"title":"Default Title","offer_id":51832443011368,"sku":null,"price":20.0,"currency_code":"AUD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0989\/1043\/7672\/files\/RenewablesProjectFinanceACTUALCaseStudy2025-mockup.png?v=1779017737","url":"https:\/\/alexeuripidou.com\/products\/project-finance-total-energies-renewables-actual-case-study-2025","provider":"Alex Euripidou","version":"1.0","type":"link"}