Developing Renewable Power Projects

Updated: Dec 29, 2020

Online example shown below, based on 3 x 3-4 hour sessions.

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Course objectives – is this for you?

This course is intended for those seeking to understand the processes in taking renewable power projects from development to operation and identifying the risks to project completion.

You will leave with a clearly explained review of project development essentials, including key processes, risks, contracts and risk mitigation approaches. As a commercially-focused person, you need to have these issues discussed within a business case and investment context, illustrated by examples from around the world and taking into consideration the latest trends. You want to build a knowledge base and skillset that is applicable to power projects of multiple types, so that it remains useful wherever your career next takes you.


Session 1: Project phases, risks and contracts

In developing renewable power projects, a primary objective is to put in place the processes and structures that maximise returns and quantify and minimise risks.

Processes, milestones and location choice

  • Development, Construction & Operations: timelines, processes and risks.

  • Key planning and permitting issues

  • Stakeholder identification and management

  • Resource and site assessment, including grid access

  • Environmental impact assessment

Key contracts and risk transfer

  • Requirements for bankability and financial close

  • Grid interconnection

  • Turnkey construction and EPC (engineering, construction & procurement)

  • Operations and maintenance (O&M) and service provision

  • Other factors including supply chain and local content requirements

Session 2: Renewable power projects compared, contrasted & extended

‘Renewables’ covers a number of contrasting power project types, which face different and specific development challenges and risks.

Site selection and project development specifics

  • Key contrasts: solar, wind, hydro, geothermal, biomass

  • Land use and suitability

  • Project sizing, including grid export

  • Common stakeholder issues and mitigations

  • Project timescales and associated risks

Developing dispatchable and integrated renewable power projects

  • Considerations in adding energy storage to renewable power plants

  • Considerations in adding hydrogen production (electrolysis) to renewable power plants

  • Optimising plant design, infrastructure costs and other factors

  • Differences between retrofit and built-for-purpose projects

  • Flexibility, phasing and the permitting process

Session 3: Developing the investment case for financial close

The ultimate aim of a renewable power project is to make money, but the investment case isn’t just about numbers on a spreadsheet – it is intimately linked to the work done and choices made during project development.

Revenues, channels to market and ‘market fit’

  • Variability, off-takers and value: common and contrasting features

  • Power purchase agreements

  • Auctions and ‘subsidy-free’ sales

  • Tapping into corporate customers

  • Value erosion and mitigation

Mapping risks and sensitivities onto the investment case

  • Identifying key areas of uncertainty

  • Internal and external risks, including policy

  • Mapping project development processes to operational and investment risks, and financing costs

  • Mapping business plan variables back to development stage choices

  • Summary: a project development checklist

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