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WindU @ Texas Tech University
Description: This course is offered through the WindU Consortium by Texas Tech University. This is an in-depth multidisciplinary course intended for students with a business, managerial, engineering, environmental or natural science background. It assumes some basic knowledge of STEM disciplines. The purpose of this course is to develop an understanding of the economic principles affecting wind project development from greenfield to decommissioning or repower. The course begins with an overview of basic financial and economic topics related to commercial-scale wind energy projects. Students will learn to complete and analyze a pro-forma invoice for a project, as well as the main financial agreements and their structuring, including risk assessment for projects and how insurance companies underwrite projects to secure financing. Decommissioning finance structures and costs will be addressed. Next, students will study energy policy and how it has evolved through a look at FERC and PURPA, including the PTC and ITC subsidies and how subsidies have evolved in the industry. Students will learn the basics of energy markets and how electricity is bought and sold. Finally, students will learn about the nexus of climate change and energy policy and eventually a discussion of offshore wind in the U.S. and its economics. Letter grade only
Units: 3
No sections currently offered.
Prerequisite: Graduate Status
WindU @ Texas Tech University
Term : Spring 2025
Catalog Year : 2024-2025
WU@TTU 502 - Wind Energy Finance, Economics And Policy
Description: This course is offered through the WindU Consortium by Texas Tech University. This is an in-depth multidisciplinary course intended for students with a business, managerial, engineering, environmental or natural science background. It assumes some basic knowledge of STEM disciplines. The purpose of this course is to develop an understanding of the economic principles affecting wind project development from greenfield to decommissioning or repower. The course begins with an overview of basic financial and economic topics related to commercial-scale wind energy projects. Students will learn to complete and analyze a pro-forma invoice for a project, as well as the main financial agreements and their structuring, including risk assessment for projects and how insurance companies underwrite projects to secure financing. Decommissioning finance structures and costs will be addressed. Next, students will study energy policy and how it has evolved through a look at FERC and PURPA, including the PTC and ITC subsidies and how subsidies have evolved in the industry. Students will learn the basics of energy markets and how electricity is bought and sold. Finally, students will learn about the nexus of climate change and energy policy and eventually a discussion of offshore wind in the U.S. and its economics. Letter grade only
Units: 3
No sections currently offered.
Prerequisite: Graduate Status