Financial Management - ENRG 1013

Credit(s): 3 | Hours: Lecture - 35, Lab - 10, Work Experience - , Other - 0

In this course, students will use financial modelling and tools to justify energy projects. Concepts such as the time value of money, internal rate of return, net present value, and simple payback will be used to help complete lifecycle costing. Students will explore the social cost of carbon and how to use it in business case development. Forecasting will be used for strategic planning and goalsetting with regard to emissions reduction. Students will use industry best practices to estimate utility costs and identify variables to be considered in load forecasting. Using forecasting, risk assessment, other decision-making criteria, and lifecycle analysis, students will develop a business case for a specific energy project. Energy project funding mechanisms such as Property Assessed Clean Energy, revolving funds, and energy service corporations will be evaluated. Students will determine which project conditions lend themselves to specific types of funding.

Prerequisites: ENRG 1001, ENRG 1002, ENRG 1003 Restricted to Energy Management and Open Studies

For tuition & fees information, use our Tuition & Fees Estimator.