Energy Finance

Energy Finance

 

Course offering details

Regular cycle Course is every Winter semester
Date and time  
Audience Master Students
Instructors Dr. Sascha Kolaric, Prof. Dr. Dirk Schiereck
Supervisor Dr. Sascha Kolaric
Examination in Mastervertiefung Advanced Topics of Finance (01-16-0M05/6)
for ESE-Students (01-16-1M02)
for Incomer (01-16-1G01)
(Exams)

Course Description

With the adoption of the energy turnaround, the nuclear phaseout and an even faster shift to the utilization of renewable resources in the future, related funding issues have gained considerable political importance. Questions concerning financing of renewable energies will be discussed on the one hand. The renewable energy industry sector is used to analyze specific financing problems along the entire business life cycle. It starts from early stage financing through institutional investors (Venture Capital), followed by financing the growth and maturity phase, including Initial Public Offerings (IPOs), and ends with consolidation of corporate takeovers (M&A) and outsourcing of project financing.

On the other hand we discuss the costs of the energy turnaround from the viewpoint of – currently predominant – utilities, which generate energy from conventional resources. It comes to the question of potential changes in the cost of capital derived from the nuclear phaseout or additional costs resulting from deconstruction of old power plants. Furthermore selling of electricity networks and the use of released financial resources is under consideration.

Learning Outcomes

Students will be able to evaluate the advantages and disadvantages of different funding options both in the field of renewable energy providers as well as the established (conventional) power companies. They can decide on what forms of financing are generally useful, and what approach should be used here.

Literature

Will be announced in the lecutre.

Materials

The course will be supported by moodle Here you will find all materials you will need for course.