Why is it so damn complicated my head hurts i guess maybe I’m stupid but if this is what modeling is like in other groups maybe I’m just too dumb for banking 😢 got a summer project where I have to present my model and I am prolly just gonna tell them I won’t present it ☠️
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Welcome to the dark side bruther, someone has to keep society's lights on, and it is us.
Can u help me build a model for 5 assets I’ll pay u ☠️
can help U if needed
Pls help bro
sorry brother currently fighting for my life in the model preparing to go to IC on Friday.
Lights on- pun intended? Good one
it’s like the Hotel California
“You can check out any time you like, but you can never leave”
It’s a lot harder than other groups IMO. Run to consumer or something now if you can
For sure
Just multiply by 8760.
Elite Humor
can someone explain pls
8760 hours in a year. power models can get down to hourly forecasts and industry price/volume metrics can be quoted in Megawatt/hour lol.
Other groups just aren't smart enough to understand rate base and tax equity like us
You’ll learn in time. I’ve worked in the industry now for like 3 years, and it honestly took a while, but you’ll eventually get it.
I find it easy to think about projects from an unstructured basis first — i.e., returns before applying debt and/or tax equity (if renewables). So, first you want to think about how much cash a project produces from its contract structure (utility PPA, corporate renewable VPPA, gas rolling agreement, etc). Then, think about ongoing costs (O&M, major maintenance, property taxes, lease, etc) to quickly get to EBITDA. Then, you can think about the post-contract / merchant assumption (likely just a merchant energy curve, capacity curve, etc) to get your post-contract cashflows.
Once you have a good idea on the unstructured cashflows and the viability of them — i.e., how much you’d either pay for an operating project or how much you’d develop it for, then you can consider the structured economics with the addition of debt and tax equity (if renewable)
All of this to say — it’s complicated and takes time, but try to understand the unstructured cashflows first before confusing yourself with debt and tax equity
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