Manuscript - Financing Modeling of Renewable Energy Projects

Steps to Build the Model
Starting with Input sheet, we will develop sheet by sheet using the above process flow
until the final sheet (dashboard). Sometimes, we should export/import data to/from
other sheets.
Below is the detail for each sheet, i.e.:
1. Input: all detail assumption and scenario will be put in this sheet
2. OPS (Operation): temporary calculation to convert from single unit assumption to
quarterly input assumption
3. C&F (Capex & Funding): to determine the leverage ratio and breakdown of the
sources and uses of funds in monthly bases and will be convert to quarterly base
4. Debt: to determine the debt size and schedule of interest payment and principal
repayments
5. a. D&T (Depreciation and Tax): to calculate depreciation and tax expense included
tax paid
b. FS (Financial Statement): to provide the 3 statements (Income, Balance sheet
and Cash Flow) in quarterly base
6. a. Macro: calculation to mitigate the circular reference using VBA macro
b. Check: to check the modeling and ratio compliance is calculated correctly
7. Equity: temporary calculation for equity investment through shareholder capital
and loan
8. VAL (Valuation): to calculate IRR project/equity and equity NPV
9. AFS (Annual Financial Statement): to provide the 3 statements (Income, Balance
sheet and Cash Flow) in yearly base
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10. Dashboard: to provide result summary of operation/debt stats, valuation and to
control scenario selection