DEWA

Dubai Electricity & Water Authority (DEWA) | DEWA and Gulf Renewable Energy Lab organise second course on financial modelling and analysis of renewable energy projects

Home
Investor Relations
EasyPay
Dubai Electricity & Water Authority
19 December 2024

DEWA and Gulf Renewable Energy Lab organise second course on financial modelling and analysis of renewable energy projects

DEWA and Gulf Renewable Energy Lab organise second course on financial modelling and analysis of renewable energy projects

Following the success of the first training course, the Sustainability and Innovation Centre of Dubai Electricity and Water Authority (DEWA), in co-operation with the Gulf Renewable Energy Lab, organised a second intensive training course for the attainment of the ‘Financial Modelling & Analysis of Renewable Energy Projects’ international certificate.

The training attracted holders of bachelor’s degrees or diplomas in mechanical/electrical engineering or other engineering fields, and professionals with finance degrees who specialise in project financing and the evaluation of renewable energy projects. Participants gained the confidence and necessary skills – in planning, as well as investment and financial analysis –to develop comprehensive financial models for renewable energy projects.

The training focused on key factors that play a critical role in ensuring the development and delivery of a renewable energy project in accordance with global best practice. It also looked at the concept of Levelised Cost of Electricity (LCOE), renewable energy resources and resource maps, as well as how resource utilisation affects the cost of energy. The course also addressed the cost structure of photovoltaic (PV) and wind projects, as well as examples of capital and operational expenditures for renewable energy projects in the Middle East and North Africa (MENA) region and their distribution. It also highlighted key components of renewable energy project development such as capital, financial viability, corporate finance versus project finance and structure, evolution of risk profile during project development and full financial modelling of a project.

The programme is part of DEWA’s efforts to expand clean and renewable energy projects, accelerate the energy transition and expand youth participation to achieve the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Carbon Emissions Strategy 2050 to provide 100% of energy production capacity from clean energy sources by 2050. Twenty-five participants graduated from the programme's first training course, held in February 2024.