Construction Budget, Sources & Uses and Gearing
This lesson is part of the course
In this lesson
You complete the construction budget of the 48 MW Northgale Wind farm and split its funding between senior debt and sponsor equity.
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Lessons in this course
- Construction Budget, Sources & Uses and Gearing Locked
- CFADS Build-up: Revenue, Opex & Simplified Tax Locked
- Debt Sizing from a Target DSCR Locked
- Sculpted Repayment: Principal = CFADS ÷ DSCR − Interest Locked
- DSCR & LLCR: Testing an Annuity Repayment Locked
- Cash Flow Waterfall: Debt Service, DSRA & Lock-up Locked
- Equity IRR & NPV: What the Sponsor Earns Locked
- Sensitivities: Production −10 %, Opex +10 % and the Minimum DSCR Locked