Economic Analysis for Renewable Energy

Course Overview

Energy is an essential and dominant component in achieving any country’s interrelated economic and sustainable development. Global energy demand is increasing at an exponential rate because of the exponential growth of the world population. Increases in global energy demand combined with fossil fuel depletion and the concern over environmental degradation put renewable energy sources as future energy supply.

Renewable energy brings environmental, social, and economic benefits. According to a recent report by the International Renewable Energy Agency (IRENA), if we double renewable energy’s current share in the global energy mix, global gross domestic product (GDP) would increase by as much as 1.1% or approximately $1.3 trillion, by 2030. Renewable energy resources such as wind and solar play an increasingly important role in both developed and developing countries’ present and future energy scenarios. Additionally, renewable resources can offer cleaner energy solutions than non-renewable resources such as coal and fossil fuels. Economic and Financial analyses determine the costs incurred and the resulting benefits from investing in a project.

This 5-day interactive Economic Analysis of Renewable Energy training course will provide the participants with a comprehensive understanding of the economic principles and concepts relevant to developing, implementing, and assessing renewable energy projects. The delegates will attain rigorous knowledge with the professional guideline to analyse different renewable technologies, pricing for renewable energy projects, resource analysis and financing. It will enable them to construct renewable analysis and evaluate materials that incorporate a variety of economic and financing issues. The training course aims to provide a comprehensive and practical understanding of the economic aspects of renewable energy and empowerment.

Course Objectives

After the training course, the participant will learn to:

• Understand the costs and benefits of renewable energy technologies compared to traditional fossil fuels
• Understand practical tools to analyse renewable energy
• Analyse the economic impact of renewable energy policies and regulations
• Evaluate the financial viability of renewable energy projects
• Identify market opportunities for renewable energy
• Understand the future trends and opportunities in the renewable energy industry

Target Audience

This training for compliance specialists is designed to broaden and deepen your knowledge of key regulatory risks such as financial crime, economic sanctions, and corruption.

It is suitable for a wide range of working professionals, including (but not limited to) the following:

• Corporate Planning
• Economists
• Investment Analyst
• Corporate/Project Finance
• Business Development
• Infrastructure Advisory
• Heads of Businesses
• Banks and Finance Companies
• Government Ministries and Departments
• Power Equipment Manufacturers
• International Finance Institutions
• Renewable Energy Consultants

Training Methodology

Through a combination of lectures, case studies, videos, group discussion and hands-on analysis, participants will gain the skills and knowledge necessary to evaluate the economic viability of renewable energy projects, identify market opportunities, and understand the impact of policy and regulation on the renewable energy industry.