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 payback will be used to make capital budgeting decisions. Students will learn how to evaluate risk in decision making. 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.
Note: Prerequisites: ENRG 1001, ENRG 1002, ENRG 1003
Restricted to Energy Management and Open Studies