This practical and hands-on course focuses on applying general business and non-recourse finance theory to cash flows forecast to arise from greenfield projects and special purpose vehicles (“SPVs”). You will also build a model that evaluates equity returns and may be used to negotiate and secure non-recourse debt through a process of model optimisation. Time is also spent on conceptual modelling and analysis of results. You can expect to build a model that is flexible; appropriate; structured and transparent. Advanced topics include modelling reserve accounts and shareholder loans.