Course code MINA330

MINA330 Project Economics for Renewable Energy and Forestry

Norsk emneinformasjon

Search for other courses here

Showing course contents for the educational year 2022 - 2023 .

Course responsible: Kristin Linnerud
Teachers: Knut Johannes Moen
ECTS credits: 10
Faculty: Faculty of Environmental Sciences and Natural Resource Management
Teaching language: NO
(NO=norsk, EN=Engelsk)
Limits of class size:
40
Teaching exam periods:
This course starts in the Autumn parallel. This course has teaching/evaluation in Autumn parallel.
Course frequency: Annually
First time: Study year 2022-2023
Preferential right:
M-FORNY, M-SF, M-REIS
Course contents:
In this course, the student learns to apply theories and methods for organizing and financial assessment of investment and financing projects in the energy sector with emphasis on renewable energy and other carbon-neutral solutions. The course provides an introduction to the project as a way of structuring work flows, structure and planning models, project phases and timeline as well as models for project organization. The course provides an introduction to budgeting of cash flows, discounting and development of decision criteria for investment and financing projects, and applies this to realistic projects in the energy sector. The course deals with relevant support schemes and tax regimes for the energy sector and how they affect the project's profitability and risk. An introduction is also given to theories and methods for mapping and dealing with uncertain factors relevant to the energy sector, such as changes in climate, technologies, market and policies.
Learning outcome:

Knowledge:

Reproduce theories and methods for project management and economic analyzes of projects in the energy sector with an emphasis on renewable energy and other carbon-neutral solutions.

Reproduce key conditions that affect the implementation, risk and profitability of energy projects, such as politics, climate, technology and the market.

Skills: 

Students shall after finishing the class master:

1. Preparing, planning and evaluating projects,

2. Investments and capital-allocation analysis based on various sources, as well as valuation of projects and companies,

3. Holistic evaluation and ranking of competing alternatives under risk and uncertainty.

General competence:

Master oral and written presentation, use Excel for economic evaluation and data analysis.

Learning activities:

Lectures, exercises and practical training, independent study.

Semester assignment, presentation and discussion.

Teaching support:
Canvas. During office hours and on appointment, lecturers can provide academic supervision to students (make appointment). 
Syllabus:
Bøhren, Ø. & P.I. Gjærum 2019. Finans: Innføring i investering og finansiering. 2. utgaveStavne A: Prosjektguiden - for nye og erfarne prosjektledere. Hegnar Media 2019. 

A complete reading list is to be distributed at the start of the course. All material presented in lectures, including guest lectures, and distributed articles are part of the syllabus.

Prerequisites:
One of the following courses: BUS100, SKOG230, FORNY150, or equivalent courses. 
Recommended prerequisites:
Mandatory activity:
Exercises and semester assignment.
Assessment:

Total assessment:

  • Portfolio consisting of a mid-term written exam and a semester-assignment. Counts 60 %.
  • Oral exam. Counts 40 %. 

All parts must be passed in order to pass the course.

Nominal workload:
250 hours
Entrance requirements:
Minimum requirements for entrance to higher education in Norway (generell studiekompetanse)
Reduction of credits:

RØP310 5 SP, is not taught any more

RØP330 10 SP, is not taught any more

FORN320 5 SP, is not taught any more

BUS220 7,5 SP

Type of course:
About. 75 hour lecturing including guest lectures and seminars, 25 hour exercises
Examiner:
External examiner participates and evaluates oral exam.
Examination details: Combined assessment: Letter grades