The Finance Model has been designed to provide your group with a tool you can use to determine the financial viability of your project. An additional outcome of this is that you are required to gather all the necessary financial information and project spend schedule information in a format that is clear and transparent, and easily interpreted by a potential lender.
The Finance Model Guide has been created to provide guidance on sample input data that can be used in the Finance Model and how to use the sensitivity analysis functionality of the model to determine the financial viability your project. This document provides examples of input values and definitions of the inputs required for wind and hydro projects, as well as links to further information. This can be used in conjunction with the Finance Model Example spreadsheet to develop a model for your own project (NB you will need Microsoft Excel 2007 or later to view these files).
Funding the development of a renewable energy project is one of the biggest challenges to be overcome. The funding can be from commercial lenders, grant funding, share offers and a groups own reserves, depending on the stage of development. This module explains what finance options there are and what is likely to be required to access them.
The Feed-In-Tariff is the Governments UK-wide initiative intended to encourage the uptake of small-scale renewable and low-carbon technologies up to total installed capacity of 5 megawatts (MW) and is the income stream for the majority of community renewable electricity projects. This module explains how the Feed-In-Tariff works and what is needed to successfully register to receive income.
The Renewable Heat Incentive (RHI) is the first initiative of its kind to encourage the take-up of heat generating technologies. The scheme was launched by DECC in November 2011 and provides payment to industry, businesses and public sector organisations. RHI has also been available to domestic consumers as of April 2014.