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CourseEnergy and Networks Applications open

Course in Valuation of Hydrogen and Renewable Projects

Online 300 h course in valuation of hydrogen and renewable projects. 6 modules covering IFRS 13, International Valuation Standards (IVS) and Microsoft Excel with @RISK. Assigned tutor and open enrolment.

Duration300 h
ModeOnline
Start datesSet by the faculty
AwardSEIUM Institute certificate
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Learning outcomes

What you will be able to do

01

Apply discounted cash flow valuation methods to energy assets.

02

Estimate the risk-adjusted discount rate for each technology.

03

Model the production and revenues of renewable projects.

04

Calculate the levelised cost of hydrogen and its sensitivities.

05

Incorporate uncertainty through scenarios, Monte Carlo and real options.

06

Analyse the sale and purchase process and due diligence of assets.

07

Prepare a valuation report and investment recommendation.

Profile

Who it's for

  • Energy investment analyst who wants to specialise in valuation of hydrogen and renewable projects.
  • Renewables M&A analyst who wants to specialise in valuation of hydrogen and renewable projects.
  • Infrastructure asset valuer who wants to specialise in valuation of hydrogen and renewable projects.
  • Project portfolio manager who wants to specialise in valuation of hydrogen and renewable projects.
  • Energy strategy consultant who wants to specialise in valuation of hydrogen and renewable projects.
  • Hydrogen business development analyst who wants to specialise in valuation of hydrogen and renewable projects.
  • Engineering or science graduates seeking to enter infrastructure funds.
Standards & tools

What you'll work with

  • IFRS 13 (NIIF 13)
  • International Valuation Standards (IVS)
  • Delegated Regulation (EU) 2023/1184
  • Directive (EU) 2023/2413 (RED III)
  • Regulation (EU) 2020/852 (Taxonomy)
  • IAS 36 (NIC 36)
  • Regulation (EU) 2022/2560 on foreign subsidies
Syllabus

6 modules · 300 h

  1. 1.1Valuation approaches: income, market and cost
  2. 1.2Discounting free cash flows
  3. 1.3Weighted average cost of capital
  4. 1.4Risk premium by technology and country
  5. 1.5Useful life, degradation and terminal value
  6. 1.6Valuation in development and operational phases
  7. 1.7Multiples in renewable transactions
  8. 1.8Valuation in the secondary market
  9. 1.9Valuation reports for investors
  10. 1.10Workshop: discount rate for a solar park
  1. 2.1Estimating P50, P90 and P99 production
  2. 2.2Degradation and availability
  3. 2.3Capture price and cannibalisation
  4. 2.4Regulated revenues versus market revenues
  5. 2.5PPAs and auctions
  6. 2.6Operation and maintenance costs
  7. 2.7Repowering and life extension
  8. 2.8Hybridisation with storage
  9. 2.9Curtailment risk and grid constraints
  10. 2.10Laboratory: DCF valuation of a wind farm
  1. 3.1Levelised cost of hydrogen (LCOH)
  2. 3.2Electrolyser CapEx and learning curve
  3. 3.3Load factor and electricity cost
  4. 3.4Stack degradation and replacement
  5. 3.5Compression, storage and transport costs
  6. 3.6Revenues from sales of hydrogen and derivatives
  7. 3.7Reference price of grey hydrogen
  8. 3.8Subsidies: European Hydrogen Bank and IPCEI
  9. 3.9Carbon contracts for difference
  10. 3.10Practice: LCOH calculation with sensitivities
  1. 4.1Sensitivity analysis and tornado charts
  2. 4.2Price and demand scenarios
  3. 4.3Monte Carlo simulation
  4. 4.4Real options for expansion and abandonment
  5. 4.5Value of staged development
  6. 4.6Technology risk in first-of-a-kind projects
  7. 4.7Offtaker counterparty risk
  8. 4.8Regulatory risk and changes in legislation
  9. 4.9Adjusting the risk rate against scenarios
  10. 4.10Case study: real options valuation of a hydrogen project
  1. 5.1Asset sale and purchase process
  2. 5.2Technical and financial due diligence
  3. 5.3Investment structures and funds
  4. 5.4Valuation of project portfolios
  5. 5.5Development platforms and asset rotation
  6. 5.6Co-investment and joint ventures
  7. 5.7Taxation in valuation
  8. 5.8Fair value accounting
  9. 5.9Investment committee and decision-making
  10. 5.10Case study: binding offer for a renewables portfolio
  1. 6.1Selection of the renewable or hydrogen asset
  2. 6.2Technical assumptions
  3. 6.3Market and revenue assumptions
  4. 6.4Cash flow model
  5. 6.5Discount rate
  6. 6.6Risk and scenario analysis
  7. 6.7Valuation conclusion
  8. 6.8Investment recommendation
  9. 6.9Report and presentation
  10. 6.10Final review with the tutor
Methodology, software & labs

How you'll learn

100% online training on the SEIUM campus, with downloadable material, recorded classes and an assigned technical tutor. No fixed timetable: students progress at their own pace within the intake, which makes it possible to combine the programme with work.

Each module combines theory, guided reading of the original standard and applied exercises. The working software is Microsoft Excel with @RISK, Python (NumPy, pandas), H2A Production Model (NREL), SAM (System Advisor Model), PVsyst, in free, academic or evaluation versions. Assignments are based on real valuation procedures: discounted cash flow valuation of a wind farm, levelised cost of hydrogen calculation with sensitivities, and real options valuation of an electrolysis project. Assessment is continuous, per module, plus the final integrating project.

Accredited laboratories(EN ISO/IEC 17025) with a rotor test rig, EMC/Lightning pre-compliance, HIL/SIL, vibration/acoustics.
Evidence-oriented final project:safety case, test plan, compliance dossier and operational limits.
Industry mentoring:faculty with experience in training, , eVTOL/UAM and flight test.
Flexible delivery(hybrid/online), international cohorts and support from SEIUM Career Services.
Ethics and safety:safety-by-design approach, with cyber-OT, DIH and compliance as its pillars.
Capstone project

Build it end to end

Your final project follows the real engineering workflow, step by step, reviewed by your tutor.

Selection of the renewable or hydrogen asset

Apply discounted cash flow valuation methods to energy assets.

Technical assumptions

Estimate the risk-adjusted discount rate for each technology.

Market and revenue assumptions

Model the production and revenues of renewable projects.

Cash flow model

Calculate the levelised cost of hydrogen and its sensitivities.

Discount rate

Incorporate uncertainty through scenarios, Monte Carlo and real options.

Career opportunities

Where this takes you

Energy investment analystRenewables M&A analystInfrastructure asset valuerProject portfolio managerEnergy strategy consultantHydrogen business development analyst
Admissions & scholarships

Requirements

  • No prior degree required.
  • Internet connection and a computer capable of running the programme's software.
  • Sufficient Spanish to follow technical regulatory texts.

Ready to start?

Send your application today. Our admissions team replies within 72 hours with your study plan and funding options.

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FAQ

Frequently asked questions

The programme totals 300 hours spread over 3 to 5 months. That is between 10 and 15 hours per week on average, compatible with a full-time job.

The programme works with Microsoft Excel with @RISK, Python (NumPy, pandas), H2A Production Model (NREL), SAM (System Advisor Model), PVsyst. Free, academic or evaluation versions are used, and the tutor indicates the free alternative where one exists.

An SEIUM Institute diploma upon passing the continuous assessment and the integrating project. It is an in-house qualification, not an official Ministry title.

Yes. Modules passed in a course or postgraduate diploma in the same area are recognised in the advanced programme. Check the recognition policy when you enrol.

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