International Energy Project Finance

This course introduces students to the structure and strategy of international project finance in the energy sector, with emphasis on projects central to the global energy transition and LNG market expansion. Through real-world case studies and hands-on modeling exercises, students will analyze project risks, develop risk ratings, and assess cashflows to determine equity returns and lender credit metrics.

Topics include contract structuring, completion and market risk mitigation, the role of development finance institutions, renewable energy incentives, and evolving trends in merchant power and virtual PPAs. Students will examine investment drivers for energy infrastructure and gain a practical understanding of how project economics align with capital source expectations. The course concludes with student team presentations applying course concepts to real-world energy finance challenges.