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Executive Masters In Project Finance for Cleantech

Introduction: Clean power is now the fastest growing form of energy, and renewable energy is cheaper than natural gas and even coal in most parts of the world. With growing concerns for out of control global warming and climate chaos, all regions of the world and sectors of the economy are now actively looking to transition from polluting and unsafe hydrocarbons with unpredictable prices to clean energy. There is also an impetus to  power our modes of transportation with electricity.  Electric vehicles (EVs) are 3 times more efficient than vehicles powered with internal combustion engines, and offer features impossible to match with traditional vehicles. From a total cost of ownership perspective over the life cycle of clean energy facilities or electric vehicles, the clean energy option is now more and more the most cost effective option, but the associated upfront capital cost is the major barrier to massive adoption of clean energy. This program addresses this problem and provides the knowledge and skills required to effectively finance these types of projects.

Credits/Time required/Level: 45 continuing education credits for the courses, plus capstone 40.5 credits. Total 760 notional hours, over 18 months. Graduate Level.

Overview: The International Clean Energy Institute (iCEI) Executive Masters in Project Finance (eMPF) is an innovative and unique program focused on providing business executives with the practical skills they need to be able finance clean energy projects, even when getting money is otherwise extremely difficult such as during recessions or depressions or in risky environments like in some parts of the developing world. This program provides the best possible ROI any company or executive can imagine, with an 18 month payback by design, plus the prospects of additional annual earnings in the 6 figure range. Participants will learn how to finance projects worth up to hundreds of millions (clean energy) or billions (public transport) and with annual returns above 15%, often providing over 100% return on equity for project development when the goal is to flip project during at an early development stage. 

With this advanced and leading edge knowledge, provided by a comprehensive team of experienced professionals and subject matter experts in all areas covered, graduates will not only know where to go and what to do to finance any clean energy project anywhere in the world, but they will also acquire the practical skills to finance these projects in the easiest and fastest manner imaginable, regardless of whether local and global economies thrive or struggle, regardless of what happens with the traditional currencies and in the banking world.

This program is offered only once a year, and in order to keep the quality of support at the highest level, is only available to a maximum of 30 participants. The 2019 session starts on Monday January 7. People who do not book early enough may have to wait a year before they can join the program.

Program description:  This program is unlike anything currently offered in in schools or universities anywhere. Masters in Renewable Energy programs are typically designed for engineers, policy makers or highly technical people and cover the various clean technologies from a technical perspective.  By contrast, our eMPF in Clean Energy focuses on financing approaches that can work specifically for clean energy projects including renewable energy but also clean transportation.  Unlike executive MBA or Masters in Finance programs which are designed for typical business employees or small business owners, our eMPF is designed specifically for investors and corporate executives. The program also incorporates concepts adapted and inspired from Trump University, Robert Kiyosaki's Rich Dad Education Elite Training programs and many other international courses and conferences focused on the business/finance aspect of energy financing.

Our program is on the cutting edge of technology, business and productivity. In addition to covering the foundation of classic business finance, it also covers new and unconventional approaches such as blockchain (smart transactions, crypto currencies...), crowd funding, green funds, Property Assessment Clean Energy Financing (PACE), merchant based Power Purchase Agreements (PPAs), prepaid/pay as you go models for solar micro-grids and much more. Participants are required to pick the focus of their capstone projects from one of the following;

POWER GENERATION  CONSTRUCTION & TRANSPORT
  •  Solar photovoltaic plants
  •  Wind farms (including land base or off-shore, horizontal or vertical axis Wind Turbines)
  •  Hydro plants (including small hydro, tidal and wave energy)
  •  Hybrid systems (i.e. Solar + Wind or other, on grid or off-grid)
  • Electro-mobility (electrification of vehicle fleets, electric trains, vehicle sharing)
  •  Sustainable Building Developments & Constructions (residential or commercial)
  •  Co-generation (Combined heat and power)

Audience: Business executives, financial experts, energy utility managers, renewable energy project developers, real estate investors, angel investors, banking managers, pension fund managers, vehicle fleet managers, construction and anyone interested in financing large scale clean energy projects.

Program Duration: 18 months (over a recommended period of 1.5 years).

Courses: The program consists of 12 distance learning (three-credit) modules, 3 one week (three-credit) face to face onsite workshop modules and a six month (9 credit) final capstone project. Each of the distance learning modules is delivered over one month and is designed to be completed in 32 to 48 notional hours. This program will cover how to obtain both debt and equity funding for a project.

Courses * (Prefix = MPF)
  1. Project Valuation (how to find good feasible projects and evaluate the value of projects)
  2. Productivity models (using commercial models and creating custom worksheets)
  3. Reducing project costs (initial cost, operating costs and end of life project costs)
  4. Funding with free money (grants, government programs, carbon credits)
  5. Preparation of financing documentation (with GPEKS risk analysis framework to understand the different types of investors to target based on risk level)
  6. Traditional Financing (through one lender or a syndication consortium, leveraging on existing assets...)
  7. Asset Protection (insurance, bonding, corporate structures)
  8. Fiscal aspects (tax considerations to reduce costs or increase returns, legal tax evasion)
  9. Using Regional, National and Multilateral Development Banks
  10. Venture Capital
  11. Pay as you go merchant arrangements (ideal for the developing world and for rural electrification with solar)
  12. Angel Investors
  13. Finance brokers (like Mortgage brokers)
  14. Project Finance (Non-Recourse) & PPA
  15. Initial Public Offerings (IPOs)
  16. Crowd Funding
  17. Factoring (using Suppliers' Money)
  18. Initial Coin Offerings (ICOs)
  19. Equipment Leasing (Capital leases, operating leases)
  20. Creating Project Bonds and Property Assessment Clean Energy Financing
  21. Creative Financing (Structuring deals with Financial Engineering & YieldCos, optimizing returns with smart use of PPAs parameters, ...) 
* Courses in bold are required, span over 3 to 4 weeks and worth 3 credits. Other courses are worth 1 credit and span over 1 week. Participants can pick any non-required courses as long as the total number of online weeks does not exceed 12.

Time Commitment: This program is designed to allow people to work full time while taking it. The estimated time required for the course modules is 12 months, with is 8-12 hours per week for the online/distance portion (10 notional hours), plus 40 hours per week for each of the three onsite workshops. The last 6 months (internship) requires 8-12 hours per week for the completion of the capstone project.

Format Delivery: Hybrid (blended) online + onsite. The online courses allows participants to take courses from anywhere (distance learning) and at any time that works for the participant in the week(s) of the course. During both online courses and the final internship period, weekly interactive videoconferencing allow effective presentations and face to face interaction. The video conferences are recorded for future access or for those who could not attend the live event. The online courses are complemented by three one-week (4.5 days) onsite networking workshops offered at international locations. For the next session, they are offered in Cancun, Mexico (winter workshop), in the Ottawa-Gatinau, National Capital Region of Canada (spring workshop) and in the Nice/French Riviera area (summer workshop).

Handout and Training Material: Participants are provided with complementary types of materials: electronic copies of slides, textbooks (which students can print to obtain a hard copy), worksheets, multimedia videos with audio. For onsite training, a paper copy of the slides is provided to allow students to add written notes.

Hands-on component: 50% of the training is hands-on ‘applied knowledge’ through real world case studies, capstone project and internships.

Internship/Capstone Project: Each participant will complete a practical internship which is distributed through the 18 months of the program. Internship projects start at the same time as the whole program. Multi-million $ projects are provided by GPEKS. Participants can perform the project either individually or be part of a team of two or three if they pick the same focus (i.e Solar Photovoltaics). Participants need to complete the capstone project in order to get reimbursed for the program. The last 6 months of the program are dedicated to the capstone project completion.

Cost: There is a US$ 500 booking fee which is fully refundable to people who decide to drop out before the end of the first week of the first course. We do offer student loans covering 100% of the tuition, at 1.18% monthly for the 18 month duration up to the refund upon completion. The regular program tuition is US$ 44,000 but we offer a US$ 4,000 early bird discount for registration up to 30 days of program start. The tuition fee is fully reimbursed upon completion of the 6 month internship on a real project at the end of the program. The only cost people will have to bear is the traveling and accommodation costs to a gorgeous or exotic tourism destination for the three onsite workshops.

Referral Program: We provide 10% finder’s fee (up to US $4,400) to people who refer to us participants who get accepted and enroll into the eMPF program.

Admission criteria: This program is opened to either experienced professionals or individuals with formal training in business and clean energy. For the 2018-2019 program, as of the end of August 2018, we only have opening for 9 more participants, 3 from the North America and Europe, 3 from Asia and 3 from the rest of the world. Note that there are also only 3 openings in clean energy, 3 in clean transport and 3 in green transport.

 

To apply, complete the inquiry form using the link at the end of the page.

Instructors & Facilitators: The program courses are delivered by an international team of subject matter expert practitioners with proven experience in the field of project finance, real estate and clean energy finance. Facilitators are not pure academics and are screened and trained as andragogues (educators of adult students) for their effective communication skills. We make sure that the trainer team keeps up to date with the newest developments in the technical areas that they cover and use the most effective approaches and tools for effective learning in a comfortable manner.

Students per class: In order to maintain the highest possible level of interaction and quality, we accept up to 30 people per course and workshop. If we have more accepted applicants than the number of participants, participants with the highest scores at the entrance exam will be given priority and the other applicants will be given the opportunity to enroll in future courses.

Diploma & accreditation: Upon successful completion of the program, participants will receive a certificate of proficiency as a ‘Clean Energy Finance Professional’. GPEKS is in the process of getting this diploma officially accredited and recognized through partnerships with an international network of reputable Universities, Colleges and professional energy organizations.

Mentor program: As part of the team of facilitators, participants have the option to adhere to the optional mentor program which offers 12 hours of consulting on projects. Mentors are expert practitioners who can be reached for a period of one year after the program completion to assist, advise and guide graduates in real world deals. This is provided at a modest fee of 2 ETH (Etherium currency) which is a small fraction of what people would have to pay for consulting on just one finance deal.

Availability: Program registration is open. To apply for it, please complete the inquiry form here as soon as possible. Select OTHER as the course of Interest, and provide a short pre-selection essay (maximum 400 words or half a page) on your reason for applying.