Pivotal180 Newsletter April 2026

In this newsletter, we have included the following content:

Leverage Constraints Online Mini-Course Available Now
New Online Course: Advanced Project Finance Debt Modeling
Monthly Webinar Series Launch
Free Resources Update
Course Portfolio and Scheduled Courses
Online Courses Available
Please feel free to check out all our videos on Pivotal180’s YouTube.

Leverage Constraints Online Mini-Course Available Now

We are excited to announce that we have launched our new Online Mini-Course: Leverage Constraints Register Here
Understanding loan term sheet intricacies is an essential skill for any project finance professional, it involves understanding the risks that both developers and lenders face when committing to a project, as well as the financial tools available to mitigate these risks while maximizing returns on their investments. This is the main focus of our Advanced Project Finance Debt course.

This Leverage Constraints mini-course, as the first chapter of our Advanced Debt course, provides an in-depth look at the financial risks that prompt lenders to restrict maximum leverage, as well as the logic and modeling behind the most common debt sizing and repayment strategies used to minimize the impact of constraint compliance on sponsor returns.
Leverage Constraints Mini Course

Launch price of $100, for 12 months access
Additional Advanced Debt Mini-Courses Coming in May:

• P-Factors (P50 / P90 / P99)
• Cashflows, DSCRs & Debt Sizing

Email [email protected] for more information.

New Online Course: Advanced Project Finance Debt Modeling

In May we are rolling out our Online Advanced Debt course for professionals who already have project finance modeling experience and want to go deeper into real‑world debt structuring. The advanced debt course builds on our core project finance modeling content and focuses on practical topics such as blended DSCR debt sizing, leverage constraints, P90 sweeps, junior and mezzanine debt, refinancing, and multi‑tranche debt structures.
The course is being released as practical, focused modules, each tackling real-world structuring decisions, constraints, and lender behavior.

You can purchase individual topics as needed, or secure the full program through Early Adopter access. The first available module is Leverage Constraints

Early Adopter access lets you lock in the full course at the lowest price!

For a limited time, you’ll receive:

• All current and future modules
• Quarterly model content
• 2-year access (instead of the standard 1 year)
• Locked-in pricing before increases
• As new modules are released, the full course price will rise.
• Early Adopters keep everything—access, content, and price—locked in.

If you work with debt and plan to go beyond one or two topics, this is the most cost-effective way to gain complete, deal-ready capability.

If you don’t need the full course, the individual modules are available and focus on core concepts, without the pre‑course work or combined quarterly models.
Email [email protected] for more information.

Monthly Webinar Series Launch

Following on from our recent webinar series in Australia, we are pleased to be launching an upcoming monthly webinar series from the USA team focused on a variety of topics across and adjacent to project and infrastructure finance and financial modeling.

Please feel free to view our recent Australian webinars

• Project Finance for Renewables Webinar
• Project Finance for Mining & Natural Resources Webinar
• Corporate PPAs Webinar

Our webinars aim to build on strong engagement from prior sessions and provide a more consistent forum to explore key themes in greater depth.

Upcoming US webinars include:

• Breaking into Project Finance – May
• Traversing the Climate Chasm of Death: From Pilot to Bankability – June
• SMRs: The promise and reality of new Nuclear – July

Each session is designed to be accessible and technically grounded. These webinars will be relevant for developers, investors, lenders, advisors, and broader current and aspiring energy and infrastructure finance professionals.

We will continue to draw on a mix of perspectives from the Pivotal180 team alongside select external practitioners who will be featured on several of the upcoming sessions. Stay tuned for more details!

We look forward to continuing the conversation! Email [email protected] or [email protected] for more info.

Free Resources Update

Cost of Capital
A short note on why most debates about the “right” discount rate miss the point: cost of capital ultimately comes down to opportunity cost and the premium required to bear risk.

What one AI can teach us about another
As AI’s contributions to model building increase, it’s more important now than ever to deeply understand financial concepts and know what to look for when reviewing and analyzing models. And how do you get good at that? As the original AI told us: it’s about practice, man

Project Finance Modelling for Renewables – Webinar with HSF Kramer
In this webinar, Pivotal180 and HSF Kramer discuss the nature, risks and drivers of debt sizing for renewable energy deals, including thoughts on how lenders and sponsors are adapting to the increasing complexity of offtake structures and portfolio financings for solar, wind, battery and hybrid projects.

Course Portfolio and Scheduled Courses

The courses in our existing portfolio have been developed to equip participants with the knowledge and skills to tackle all the multi-faceted pieces of a transaction.

We look forward to assisting you in demystifying project finance and tax equity.

Our upcoming public courses are listed below.

Live Stream

• Renewable Energy Project Finance Modeling begins May 1, 2026
• Tax Equity and Hybrid Financial Modeling begins June 8, 2026
• Advanced Project Finance Debt Modeling begins June, 2026
• Introduction to Project Finance Modeling begins June, 2026
• Battery Storage Financial Modeling begins June 2026

Australia

• Renewable Energy Project Finance Modeling begins May 2026
• Advanced Project Finance Debt Modelling begins May 2026

Please register to reserve a place or contact us for any more information. [email protected] or [email protected]

Online Courses Available

Tax Equity and Hybrid Modeling

Gain an overview of the tax equity structures commonly used in U.S. renewable energy investments, with a focus on the development of a financial model. Dive deep into tax capital accounts, deficit restoration obligations, stop loss reallocations, and HLBV accounting.

Introduction to Project Finance Modeling

This course is designed to give participants a strong foundation in the core concepts that impact investments and debt structuring in project finance transactions.

It’s ideal for beginner modelers, students and professionals who don’t build models daily, but need to understand project finance models and concepts.

Renewable Energy Project Finance Modeling

Learn how to develop a best-practice financial model and optimize it for both debt & equity investors for a renewable energy project finance deal. Using a case study, learn the concepts required to develop a financial model related to wind and solar.

Mining and Critical Minerals

Learn how to develop a financial model for a copper project with a typical mine plan including ore mined, waste mined, input grades, high and low-grade stockpiling, and processing recoveries. Understand the key drivers of mining projects.

Battery Storage Financial Modeling

This course provides an overview of standalone batteries and co-located batteries with wind or solar assets. It is designed to familiarize developers, investors, and lenders with the investment decisions and risks of battery storage projects.

Financial Modeling Fundamentals

Building a model from a blank spreadsheet, this course bridges the gap between theoretical learning and practical application. Participants will build a best-practice financial model and will learn the frameworks for evaluating a business including future cash flows, income statement, balance sheet, and financial analysis..

Project Finance Modeling

Learn the concepts to develop a financial model related to PPP/P3s for both social and economic infrastructure. The course centers on a hospital PPP and toll road, although other sub-sectors are mentioned

A Quick Look Into Data Centers

A free 5-video mini-course. Get a quick look at how retail and wholesale data center facilities earn revenue, the major cost drivers that shape their performance, and how they fit within the real estate / infrastructure spectrum. A great starting point if you’re curious about one of today’s most dynamic asset classes.