Project Finance - Renewable Energy

CFADS (annual) / Annual Debt Service

Revenue - Operating Expenditures

Sum of all interest rates of different capital

PV(Benefits) / PV(Costs)

CFADS / Debt Service at a given year

Debt / (Debt + Equity)

Discount rate at which NPV = 0

NPV(all costs over lifetime) / Total energy output

NPV(CFADS over loan tenor) / Outstanding Debt

IRR with reinvestment at cost of capital

Sum(Projected Inflows) - Sum(Projected Outflows) discounted at rate r

Time when Total Cash Inflows = Total Cash Outflows

NPV(CFADS over project life) / Outstanding Debt

(E/V x Re) + (D/V x Rd x (1 - Tc))