Course Overview
This course provides a comprehensive introduction to the economic assessment of energy projects, with a strong focus on investment decision-making and financial evaluation. Participants will develop the skills needed to assess economic feasibility, applying key financial metrics such as Net Present Value (NPV), Internal Rate of Return (IRR), and payback time.
The course covers the principles of discounted cash flow analysis, including cost of capital, discounting techniques, and the treatment of risk and uncertainty. Participants will explore how revenues, costs, inflation, taxes, and depreciation affect project viability, and will learn to conduct sensitivity, scenario, and break-even analyses.
Through hands-on exercises based on real-world cases—such as energy efficiency projects and offshore wind farms—students will gain practical experience in building and using Excel-based financial models. The course progresses from basic cash flow analysis to more advanced topics, including private versus socio-economic valuation, market prices, and policy frameworks.
In addition, the course introduces financing structures and bankability considerations, including debt–equity ratios, loan financing, and key financial performance indicators. Concepts such as Levelized Cost of Energy (LCOE), support schemes (e.g., PPAs and CFDs), and risk allocation are also examined.
By the end of the course, participants will be able to critically evaluate the economic feasibility of energy projects, design robust financial models, and understand the broader financial and policy context affecting investment decisions.
Course Highlights
Here are the key highlights of the program, designed to give you a clear picture of what sets this course apart and how it can strengthen your expertise in wind energy.
Master Investment Decision-Making - Build strong competencies in evaluating project feasibility using NPV, IRR, cash flow analysis, and risk assessment.
Hands-On Financial Modelling - Develop practical skills through Excel-based exercises and real-world energy project cases, including offshore wind investments.
Integrated Economic Perspective - Understand both private and socio-economic evaluation, including the role of policy, financing structures, and market conditions in shaping project outcomes.
MAIN GOAL
Learning Outcomes
After completion of this course, you will gain the ability to:
- + Apply discounted cash flow methods, including NPV, IRR and break-even analysis, to assess the feasibility of energy projects.
- + Build and interpret Excel-based financial models that account for revenues, costs, financing structures, inflation, taxes and risk in energy projects.
- + Evaluate energy projects from both private and socio-economic perspectives, considering policy frameworks, market conditions and bankability criteria.
Meet Your Instructors
Researcher
Associate Professor
Researcher
Senior Advisor
Admissions
Entry Requirements
- + Basic knowledge in Microsoft Excel
Teaching and Assessment Methods
- + Each week, participants gain online access to short lectures, readings, Excel-based exercises and supporting materials, allowing them to work through the content at a pace that fits their professional schedule.
- + Weekly Live Learning Session where participants discuss key concepts, review exercises, ask questions and connect the material to real energy project cases.
- + The course concludes with an individual capstone project, in which participants apply the methods from the course to assess the economic feasibility of an energy project of their choice or by working with a case provided by the course teachers.
Application Deadline: 02/11/2026.
Practical Notes
- + The expected total workload is 75 hours, including self-paced study, weekly exercises, live sessions, and the capstone project. Participants should expect to spend approximately 10 hours per week during the module period, with additional time allocated to completing the capstone project after the five weekly modules.
- + Perfect for:
- Engineers and technical professionals: Looking to complement technical expertise with economic evaluation skills.
- Project developers and consultants: Seeking practical methods to assess feasibility and strengthen investment cases.
- Policy-makers and public sector professionals: Interested in understanding socio-economic impacts and decision-making frameworks.
Fees & Funding
Tuition Fees
Course Fee: 1000 EUR
Visit institution page for information on fees and application deadlines.
Click here to visit institution page
Course Info
For course-specific questions or if you are looking for a customised training solution for your company, please contact the team at:
