Understand and analyse the new business case and financial considerations for ‘variable’ renewable power projects, as prices and subsidies shrink, but the value of flexibility grows and the revenue opportunities diversify.
Policy mechanisms such as generous, above-market-rate feed-in-tariffs have succeeded in driving scale for solar and wind power in particular. They have in turn created greater market shares for these sources, and – helped by competitive auctions – brought energy costs to or even below those of ‘conventional’ competitors. While undoubtedly a good news story for advocates of clean power, it also means that the economic and business playing field for new and future projects is very different. Policymakers are focusing less on subsidy and more on the need for system and market flexibility, creating new opportunities for value-creation in the renewable power business case.
This course provides attendees with a clear view of the evolving power system and the changing role of renewable power within it, seen from an economic, business opportunity and financial risk-and-return perspective. Together we will analyse the key changes taking place to create clean-yet-flexible power systems, focusing on how they create new revenue opportunities and market entry points, how these vary by market and how they are changing project development, design, planning and financing considerations.