Pivotal180 Newsletter Qtr2 2024

In this newsletter we have included the following content:

• Public Short Course
• Updated Website
• Course Updates
• Free Resources
• Financial Model Audit
• Course Portfolio
• Financial Modeling for Power Project Finance

Please feel free to check out all our videos on Pivotal180’s YouTube.

Kind regards,

The Pivotal180 Team.

Public Short Course – IRA 

Our first public short course is being presented via zoom on May 24, 2024.

Inflation Reduction Act, (IRA). The landmark 2023 legislation means big changes for renewable energy financing. This course will discuss changes to tax credit value, transferability, and tax equity financing including emerging “hybrid” tax equity structures.

Please contact Alison or Matt for more information or Reserve a place.

We are always able to combine and customize courses to meet your organization’s specific needs. Contact Matt to discuss a program for your team!

Updated Website

Check out Pivotal180’s new refreshed website. It was time for a change and we hope you like it. Most importantly we trust it is easier to navigate and to find the information you are looking for. Feel free to have a browse at Pivotal180.com.
We’d love your feedback.

Course Updates 

We are continuing to develop new online material for our existing courses and we are excited about producing and releasing new content.

New courses in the works

• Mining Project Finance Modeling
• Introduction to Financial Modeling (Business Modeling)
• Project Finance: Introduction to Concepts and Modeling

Lessons added to courses in April

• Benefits of leverage (Renewable & Project Finance courses)
• Benefits of leverage extended (Renewable & Project Finance courses)
• Inflation (Renewable & Project Finance courses)
• Best practice formulas (Renewable, Project Finance & Tax Equity courses)
• Intro to graphing (Renewable, Project Finance & Tax Equity  courses)
• New quizzes

Lessons in progress

• Tax credit adders
• Tax credit transferability and hybrid structures (currently only taught in livestream courses)
• Fair Market Value (FMV) step-ups (currently only taught in livestream courses)
• Adding scenario case selector to multiple sheets (currently only taught in livestream courses)

Free Resources 

Our free resources include videos, blogs, how-to guides, webinars and course samples. See our most recent articles below.

Best Practice Formulas

Gain some tips and tricks on best practice financial modeling in this extract from a Pivotal180 course. Although in many ways obvious, these concepts are a useful reminder for experienced modelers and a priority for new analysts to learn.

US Hydrogen Sector Updates: New proposed rules for 45V eligibility

In the thick of the December 2023 holiday season, hydrogen industry stakeholders received long awaited guidance from the Biden administration on the proposed rules for 45V. The proposed requirements have generated controversy and debate in the hydrogen and energy sector. So what does the proposed guidance actually entail?

Tax equity: Earn amazing risk-free returns with this one weird trick!

What if there was a surefire way to earn excess returns – two-to-three times the risk-free rate or more! – with almost no chance of loss? “Impossible!” you say? Well, according to a recent report by the American Council on Renewable Energy (ACORE), such a mythical investment class does exist. Its name? Tax equity.

Financial Model Audit / Due Diligence  

Haydn and the Pivotal180 team are some of the most experienced model auditors in the market. If you need a review of a financial model, please contact Haydn or Bastian.

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 courses are listed below.

• Renewables live-streaming class begins May 28, 2024. Register today
• Tax Equity live-streaming class begins May 21, 2024. Register today
• Battery Storage live-streaming class begins May 31, 2024. Register today
• Renewables in-person class in New York begins July 15, 2024. Register today
• Renewables in-person class in Sydney begins July 22, 2024. Register today
• IRA Short Course May 24,2024. Reserve a place.

Project Finance Modeling

Learn the concepts to develop a financial model related to PPP/P3s for both social and economic infrastructure. A mining financial model will be added to this course soon. Watch this space!

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.

Introduction to Battery Storage

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.

Tax Equity 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 allocations, and HLBV accounting.

Customizable Partial Day Modeling

Customizable short courses covering a variety of topics including the Inflation Reduction Act, M&A transactions, Advanced VBA, Model Optimization, and Portfolio Modeling.

Financial Modeling for Power Project Finance 

Pivotal180 is proud to be teaching this course in Cape Town in June 2024.

POWER FUTURES LAB is launching a new Graduate School of Business – University of Cape Town executive education short course that teaches best practice financial modeling skills and tools for private power project finance. This is important for public sector officials, whether from regulators, utilities or ministries, who need to be able to “reverse-engineer” financial models and contracts.