Pivotal180 Newsletter September 2024

By Alison Leckie | September 19, 2024

In this newsletter we have included the following content:

  • Climate Week Blog
  • New Public Course – Intro to Project Finance Modeling
  • Course Updates
  • Free Resources
  • Course Portfolio

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

Kind regards,

The Pivotal180 Team.

Climate Week – Thoughts in my Head

Check out Haydn’s latest blog on some topics he has been focusing on. This includes lowering energy costs and reducing CO2 emissions – with a focus on Sustainable Aviation Fuel (SAF). In addition to being a founder at Pivotal180, Haydn is on the Advisory Board of a company called Grimes Carbontech (GCT). GCT is planning to produce cheap green hydrogen and SAF. They are also raising capital ($50k check size minimum). If you are interested – reach out to them directly at info@grimescarbontech.com.

New Public Course – Intro to Project Finance Modeling

The purpose of this course to provide participants with the core concepts that impact investments and debt structuring. It focuses on conveying the most important concepts such that students understand all the moving parts of a deal and how they tie together.

It is being taught over 5, 3-hour sessions via Zoom. The first course starts December 2, 2024. For more information check out the course page and download the brochure at Introduction to Project Finance Modeling or contact Alison Leckie.

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 online courses in the works

  • Mining and Critical Minerals Project Finance Modeling – coming soon!
  • Introduction to Financial Modeling (Business Modeling) – coming soon!
  • Project Finance: Introduction to Concepts and Modeling

Lessons uploaded Qtr3 2024

  • Tax credit adders. (Renewable and Tax Equity courses)
  • Tax credit transferability. (Tax Equity course)
  • Fair Market Value (FMV) step-ups. (Tax Equity course)
  • Direct tax credit transfers.(Tax Equity course)
  • Tax equity ‘lite’ / preferred equity.(Tax Equity course)
  • Tax equity ‘hybrid’.(Tax Equity course)
  • Adding scenario case selector to multiple sheets. (Renewable, Tax Equity and Project Finance courses)
  • More Quizzes.(Tax Equity course)

Free Resources 

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

Transferability Market Update

Transferability has massively expanded options for renewable energy investors to efficiently monetize tax credits, and that’s meant big changes for tax equity financing. Pivotal180 is updating our online training programs with new content to ensure students know the ins and outs of these new financing options.

A Simpler Approach to P50/P99 Sizing Modeling

Many beginning modelers spend a great deal of time replicating operational calculations in their models to enable debt sizing under multiple production scenarios. A well-designed scenario manager and data table can be used to do this more efficiently and with less likelihood of errors!

Prevailing Wage and Apprenticeship Requirements

The Inflation Reduction Act has brought a number of changes to the structure and value of tax credits for renewable energy projects in the U.S. Most notably, projects must now comply with prevailing wage and apprenticeship rules in order to receive the full value of their tax credits. PIvotal180 has updated the tax credit lessons in our online courses to reflect the IRA’s changes, and we were fortunate to get Norton Rose Fulbright Partner and energy tax master David Burton to give us a hand.

Project Finance for Mining and Critical Minerals

Mining is inextricably linked to renewable energy and infrastructure assets. This applies to the volumes of critical minerals feeding the build-out of projects, but there is also a clear connection from a project finance modeling perspective. Pivotal180 is developing content to highlight financing structures and risks with mining projects. Watch this space!

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 November 19, 2024. Register Today
  • Tax Equity and Hybrid live-streaming class begins November 6, 2024. Register Today
  • Introduction to Project Finance live-streaming class begins December, 2 2024. Register Today

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 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 allocations, and HLBV accounting. This course includes new content on emerging tax credit finance structures under the IRA!

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.

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