757257181.

xlsx
Welcome

Renewable Energy Modelling

This document is for training purposes only. Financial Edge accepts no responsibility or liability for any other purpose or usage.

© 2024 Financial Edge Training

© 2016 Page 1 of 16
 757257181.xlsx
Info

Renewable Energy Modelling

Workout Information
Features Model Details
◦ Assumptions Company name Renewable Energy
◦ Cash Flows Date 31-Dec-22
◦ Capex Currency GBP
◦ Debt & Ratios Units Thousands
◦ Balance Sheet & Income Statement Analyst Name Firstname Lastname
Circular Switch 0

Tab Structure Formatting

Assumptions
Operations Input
Hard coded
Formulas

© 2016 Page 2 of 16
 Renewable Energy Modelling
###
Costs
Fixed costs local currency 25,000,000
Variable costs (excl fuel) as % of revenu% variable elec. rev. 7.5%

Start of Operations
Start phase 1 year 1.0
Start phase 2 year 2.0
Phase 1 - days of operation per year af days 365.0
Phase 2 - days of operation per year af days 365.0
Percentage ramp-up in 1st year of opera% 62.5%

Plant Capacity
Phase 1 MW 167.0
Phase 2 MW 167.0

Total Hours per year Hours 8,760

Phase 1 electricity sales Offtaker 1 % total 80.0%

Phase 1 electricity sales industrial % total 20.00%
Phase 2 electricity sales Offtaker 1 % total 55.0%
Phase 2 electricity sales industrial % total 45.00%

Cost & Revenue:

Total Electricity tariff - peak hours currency / kWh 0.05
Total Electricity tariff - non peak hours % peak tariff 70.0%
% peak hours % total 55.0%
% non peak hours % total 45.0%
Working Capital: Receivables Days 30.0
Working Capital: Payables Days 60.0

End
 Operations

Renewable Energy Modelling

###

Assumptions
Start phase 1 year 1
Phase 1 operating flag
Start phase 2 year 2
Phase 2 operating flag
Phase 1 - days of operation days 365.0
Phase 2 - days of operation days 365.0
Percentage ramp-up in 1st year of operations 62.5%

Plant Capacity
Installed capacity:
Total Phase 1 167.0
Total Phase 2 167.0
Total project 334.0
Total hours in 1 year Hours 8,760.0

Electricity output - Phase 1 (per year)

Electricity output - Phase 2
Total electricity output

Phase 1 electricity sales Offtaker 1 % total 80.0%

Phase 1 electricity sales industrial % total 20.0%
Phase 2 electricity sales Offtaker 1 % total 55.0%
Phase 2 electricity sales industrial % total 45.0%

Electricity sales
Offtaker 1 Phase 1
Offtaker 1 Phase 2

Industry Phase 1
Industry Phase 2

Total electricity sales in units Mwh

Tariff Structure
Total Electricity tariff - peak hours local currency / kWh 0.05
Total Electricity tariff - peak hours local currency / kWh
Total Electricity tariff - non peak hours % peak tariff 70.0%
Total Electricity tariff - non peak hours local currency / kWh
% peak hours % total 55.0%

Page 5
 Operations

% non peak hours % total 45.0%

Average electricity price local currency / kWh

Revenues
Capacity Charge
Debt Service to be done later
Fixed costs to be done later
Fixed return required to be done later

Variable Electricity revenue

Offtaker 1 Phase 1
Offtaker 1 Phase 2

Total Offtaker 1 revenue

Industry Phase 1
Industry Phase 2

Total industrial revenue

Total variable electricity revenue

Total electricity revenue

TOTAL REVENUE Phase 1

Phase 2

TOTAL REVENUE
Working capital: receivables 30.0
Accounts Receivable
EXPENSES:
Fixed costs local currency 25,000,000.0
Fixed costs per year
Variable costs as % of revenues % revenue 7.5%
Variable costs per year

Working capital: payables 60.0

Accounts Payable
Total expenses

EBITDA

End

Page 6
 Operations

1 2 3

1 1 1

0 1 1
228.1 365.0 365.0
0.0 228.1 365.0

MW 167.0 167.0 167.0

MW 0.0 167.0 167.0
MW

MWh 914,325.0 1,462,920.0 1,462,920.0

MWh 0.0 914,325.0 1,462,920.0
MWh 914,325.0 2,377,245.0 2,925,840.0

80.0% 80.0% 80.0%

20.0% 20.0% 20.0%
0.0% 55.0% 55.0%
0.0% 45.0% 45.0%

MWh 731,460.0 1,170,336.0 1,170,336.0

MWh 0.0 502,878.8 804,606.0

MWh 182,865.0 292,584.0 292,584.0

MWh 0.0 411,446.2 658,314.0

914,325.0 2,377,245.0 2,925,840.0

0.05 0.05 0.05

0.035 0.035 0.035

Page 7
 Operations

0.043 0.043 0.043

local currency '000s

local currency '000s

local currency '000s 31,635.6 50,617.0 50,617.0

local currency '000s 0.0 21,749.5 34,799.2

31,635.6 72,366.5 85,416.2

local currency '000s 7,909 12,654 12,654

local currency '000s 0.0 17,795.1 28,472.1

7,908.9 30,449.3 41,126.3

local currency '000s 39,544.6 102,815.8 126,542.6

local currency '000s 39,544.6 102,815.8 126,542.6

local currency '000s 39,544.6 63,271.3 63,271.3

local currency '000s 0.0 39,544.6 63,271.3

local currency '000s 39,544.6 102,815.8 126,542.6

days
local currency '000s 3,250.2 8,450.6 10,400.8

local currency '000s 25,000.0 25,000.0 25,000.0

local currency '000s 2,965.8 7,711.2 9,490.7

days
local currency '000s 4,597.1 5,377.2 5,669.7
27,965.8 32,711.2 34,490.7

11,578.7 70,104.7 92,051.9

Page 8
 Operations

4 5 6 7

1 1 1 1

1 1 1 1
365.0 365.0 365.0 365.0
365.0 365.0 365.0 365.0

167.0 167.0 167.0 167.0

167.0 167.0 167.0 167.0

1,462,920.0 1,462,920.0 1,462,920.0 1,462,920.0

1,462,920.0 1,462,920.0 1,462,920.0 1,462,920.0
2,925,840.0 2,925,840.0 2,925,840.0 2,925,840.0

80.0% 80.0% 80.0% 80.0%

20.0% 20.0% 20.0% 20.0%
55.0% 55.0% 55.0% 55.0%
45.0% 45.0% 45.0% 45.0%

1,170,336.0 1,170,336.0 1,170,336.0 1,170,336.0

804,606.0 804,606.0 804,606.0 804,606.0

292,584.0 292,584.0 292,584.0 292,584.0

658,314.0 658,314.0 658,314.0 658,314.0

2,925,840.0 2,925,840.0 2,925,840.0 2,925,840.0

0.05 0.05 0.05 0.05

0.035 0.035 0.035 0.035

Page 9
 Operations

0.043 0.043 0.043 0.043

50,617.0 50,617.0 50,617.0 50,617.0

34,799.2 34,799.2 34,799.2 34,799.2

85,416.2 85,416.2 85,416.2 85,416.2

12,654 12,654 12,654 12,654

28,472.1 28,472.1 28,472.1 28,472.1

41,126.3 41,126.3 41,126.3 41,126.3

126,542.6 126,542.6 126,542.6 126,542.6

126,542.6 126,542.6 126,542.6 126,542.6

63,271.3 63,271.3 63,271.3 63,271.3

63,271.3 63,271.3 63,271.3 63,271.3

126,542.6 126,542.6 126,542.6 126,542.6

10,400.8 10,400.8 10,400.8 10,400.8

25,000.0 25,000.0 25,000.0 25,000.0

9,490.7 9,490.7 9,490.7 9,490.7

5,669.7 5,669.7 5,669.7 5,669.7

34,490.7 34,490.7 34,490.7 34,490.7

92,051.9 92,051.9 92,051.9 92,051.9

Page 10
 Operations

8 9 10 11

1 1 1 1

1 1 1 1
365.0 365.0 365.0 365.0
365.0 365.0 365.0 365.0

167.0 167.0 167.0 167.0

167.0 167.0 167.0 167.0

1,462,920.0 1,462,920.0 1,462,920.0 1,462,920.0

1,462,920.0 1,462,920.0 1,462,920.0 1,462,920.0
2,925,840.0 2,925,840.0 2,925,840.0 2,925,840.0

80.0% 80.0% 80.0% 80.0%

20.0% 20.0% 20.0% 20.0%
55.0% 55.0% 55.0% 55.0%
45.0% 45.0% 45.0% 45.0%

1,170,336.0 1,170,336.0 1,170,336.0 1,170,336.0

804,606.0 804,606.0 804,606.0 804,606.0

292,584.0 292,584.0 292,584.0 292,584.0

658,314.0 658,314.0 658,314.0 658,314.0

2,925,840.0 2,925,840.0 2,925,840.0 2,925,840.0

0.05 0.05 0.05 0.05

0.035 0.035 0.035 0.035

Page 11
 Operations

0.043 0.043 0.043 0.043

50,617.0 50,617.0 50,617.0 50,617.0

34,799.2 34,799.2 34,799.2 34,799.2

85,416.2 85,416.2 85,416.2 85,416.2

12,654 12,654 12,654 12,654

28,472.1 28,472.1 28,472.1 28,472.1

41,126.3 41,126.3 41,126.3 41,126.3

126,542.6 126,542.6 126,542.6 126,542.6

126,542.6 126,542.6 126,542.6 126,542.6

63,271.3 63,271.3 63,271.3 63,271.3

63,271.3 63,271.3 63,271.3 63,271.3

126,542.6 126,542.6 126,542.6 126,542.6

10,400.8 10,400.8 10,400.8 10,400.8

25,000.0 25,000.0 25,000.0 25,000.0

9,490.7 9,490.7 9,490.7 9,490.7

5,669.7 5,669.7 5,669.7 5,669.7

34,490.7 34,490.7 34,490.7 34,490.7

92,051.9 92,051.9 92,051.9 92,051.9

Page 12
 Operations

12 13 14 15 16

1 1 1 1 1

1 1 1 1 1
365.0 365.0 365.0 365.0 365.0
365.0 365.0 365.0 365.0 365.0

167.0 167.0 167.0 167.0 167.0

167.0 167.0 167.0 167.0 167.0

1,462,920.0 1,462,920.0 1,462,920.0 1,462,920.0 1,462,920.0

1,462,920.0 1,462,920.0 1,462,920.0 1,462,920.0 1,462,920.0
2,925,840.0 2,925,840.0 2,925,840.0 2,925,840.0 2,925,840.0

80.0% 80.0% 80.0% 80.0% 80.0%

20.0% 20.0% 20.0% 20.0% 20.0%
55.0% 55.0% 55.0% 55.0% 55.0%
45.0% 45.0% 45.0% 45.0% 45.0%

1,170,336.0 1,170,336.0 1,170,336.0 1,170,336.0 1,170,336.0

804,606.0 804,606.0 804,606.0 804,606.0 804,606.0

292,584.0 292,584.0 292,584.0 292,584.0 292,584.0

658,314.0 658,314.0 658,314.0 658,314.0 658,314.0

2,925,840.0 2,925,840.0 2,925,840.0 2,925,840.0 2,925,840.0

0.05 0.05 0.05 0.05 0.05

0.035 0.035 0.035 0.035 0.035

Page 13
 Operations

0.043 0.043 0.043 0.043 0.043

50,617.0 50,617.0 50,617.0 50,617.0 50,617.0

34,799.2 34,799.2 34,799.2 34,799.2 34,799.2

85,416.2 85,416.2 85,416.2 85,416.2 85,416.2

12,654 12,654 12,654 12,654 12,654

28,472.1 28,472.1 28,472.1 28,472.1 28,472.1

41,126.3 41,126.3 41,126.3 41,126.3 41,126.3

126,542.6 126,542.6 126,542.6 126,542.6 126,542.6

126,542.6 126,542.6 126,542.6 126,542.6 126,542.6

63,271.3 63,271.3 63,271.3 63,271.3 63,271.3

63,271.3 63,271.3 63,271.3 63,271.3 63,271.3

126,542.6 126,542.6 126,542.6 126,542.6 126,542.6

10,400.8 10,400.8 10,400.8 10,400.8 10,400.8

25,000.0 25,000.0 25,000.0 25,000.0 25,000.0

9,490.7 9,490.7 9,490.7 9,490.7 9,490.7

5,669.7 5,669.7 5,669.7 5,669.7 5,669.7

34,490.7 34,490.7 34,490.7 34,490.7 34,490.7

92,051.9 92,051.9 92,051.9 92,051.9 92,051.9

Page 14
 Operations

17 18 19 20

1 1 1 1

1 1 1 1
365.0 365.0 365.0 365.0
365.0 365.0 365.0 365.0

167.0 167.0 167.0 167.0

167.0 167.0 167.0 167.0

1,462,920.0 1,462,920.0 1,462,920.0 1,462,920.0

1,462,920.0 1,462,920.0 1,462,920.0 1,462,920.0
2,925,840.0 2,925,840.0 2,925,840.0 2,925,840.0

80.0% 80.0% 80.0% 80.0%

20.0% 20.0% 20.0% 20.0%
55.0% 55.0% 55.0% 55.0%
45.0% 45.0% 45.0% 45.0%

1,170,336.0 1,170,336.0 1,170,336.0 1,170,336.0

804,606.0 804,606.0 804,606.0 804,606.0

292,584.0 292,584.0 292,584.0 292,584.0

658,314.0 658,314.0 658,314.0 658,314.0

2,925,840.0 2,925,840.0 2,925,840.0 2,925,840.0

0.05 0.05 0.05 0.05

0.035 0.035 0.035 0.035

Page 15
 Operations

0.043 0.043 0.043 0.043

50,617.0 50,617.0 50,617.0 50,617.0

34,799.2 34,799.2 34,799.2 34,799.2

85,416.2 85,416.2 85,416.2 85,416.2

12,654 12,654 12,654 12,654

28,472.1 28,472.1 28,472.1 28,472.1

41,126.3 41,126.3 41,126.3 41,126.3

126,542.6 126,542.6 126,542.6 126,542.6

126,542.6 126,542.6 126,542.6 126,542.6

63,271.3 63,271.3 63,271.3 63,271.3

63,271.3 63,271.3 63,271.3 63,271.3

126,542.6 126,542.6 126,542.6 126,542.6

10,400.8 10,400.8 10,400.8 10,400.8

25,000.0 25,000.0 25,000.0 25,000.0

9,490.7 9,490.7 9,490.7 9,490.7

5,669.7 5,669.7 5,669.7 5,669.7

34,490.7 34,490.7 34,490.7 34,490.7

92,051.9 92,051.9 92,051.9 92,051.9

Page 16