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About this Virtual Instructor Led Training (VILT) This 4 half-day Virtual Instructor Led Training (VILT) course will address a variety of contract and loan structuring issues associated with geothermal energy projects as well as comparison with solar, wind and battery storage. The course is designed to investigate how various project finance techniques and contract structures can be used to achieve a competitive power prices while maintaining a satisfactory equity return. Distinctive project finance features of power facilities that depend on geothermal, wind, hydro or solar resources will be evaluated with financial models. The course will cover economic analysis of exploration and development of geothermal facilities and how to incorporate probability of failure and success into an IRR framework. Subsequent sessions will address the theory underlying liquidated damages for delay, and performance as well as design of other incentives that is inherent in different contract structures. Nuanced project finance issues associated with structuring debt for renewable projects will be discussed including under what conditions the DSCR drives debt capacity and when the debt to capital ratio is instrumental. The course will be taught with a combination of theoretical discussions, term sheet review and focused financial models. Training Objectives Evaluation of the economic risks that arise from uncertainty associated with drilling exploration wells and development wells for geothermal projects. Analyse the theoretical issues with computing LCOE for geothermal projects compared to other renewable and non-renewable resources and the importance of cost of capital for renewable projects; Understand differences in contract structures for renewable projects and dispatchable projects and how a single price structure can distort incentives for efficient construction and operation; Understand components of financing that influence the bid price required to meet a required rate of return on equity and can result in relatively low prices with reasonable returns. Understand the importance of debt sizing constraints and what strategies are relevant when the debt to capital constraint applies relative to when the debt service coverage ratio drives the debt size; Understand how to compute P50, P90 and P99 for different projects driven by resource risk; Understand the difference between mean reverting resource variation and estimation mistakes that do not correct as the basis for 1-year P90 and 10-year P90. Understand under what conditions debt sculpting can affect returns and how synthetic sculpting can be used to increase returns when the DSCR constraint applies. Understand the theory of credit spreads, variable rate debt and interest rates in different currencies and compute the implied probability of default that in inherent in credit spreads. Understand how to evaluate the costs to equity investors and the benefits to lenders for various credit enhancements including DSRA accounts, cash flow sweeps and covenants. Course Level Basic or Foundation Training Methods The VILT will be delivered online in 4 sessions comprising 4 hours per day, with 2 breaks of 10 minutes per day, including time for lectures, discussion, quizzes and short classroom exercises. Trainer Your expert course leader provides financial and economic consulting services to a variety of clients, he teaches professional development courses in an assortment of modelling topics (project finance, M&A, and energy). He is passionate about teaching in Africa, South America, Asia and Europe. Many of the unique analytical concepts and modelling techniques he has developed have arisen from discussion with participants in his courses. He has taught customized courses for MIT's Sloan Business School, Bank Paribas, Shell Oil, Society General, General Electric, HSBC, GDF Suez, Citibank, CIMB, Lind Lakers, Saudi Aramco and many other energy and industrial clients. His consulting activities include developing complex project finance, corporate and simulation models, providing expert testimony on financial and economic issues before energy regulatory agencies, and advisory services to support merger and acquisition projects. Our key course expert has written a textbook titled Corporate and Project Finance Modelling, Theory and Practice published by Wiley Finance. The book introduces unique modelling techniques that address many complex issues that are not typically used by even the most experienced financial analysts. For example, it describes how to build user-defined functions to solve circular logic without cumbersome copy and paste macros; how to write function that derives the ratio of EV/EBITDA accounting for asset life, historical growth, taxes, return on investment, and cost of capital; and how to efficiently solve many project finance issues related to debt structuring. He is in the process of writing a second book that describes a series of valuation and analytical mistakes made in finance. This book uses many case studies from Harvard Business School that were thought to represent effective business strategies and later turned into valuation nightmares. Over the course of his career our key course expert has been involved in formulating significant government policy related to electricity deregulation; he has prepared models and analyses for many clients around the world; he has evaluated energy purchasing decisions for many corporations; and, he has provided advice on corporate strategy. His projects include development of a biomass plant, analysis and advisory work for purchase of electricity generation, distribution and transmission assets by the City of Chicago, formulation of rate policy for major metro systems and street lighting networks, advocacy testimony on behalf of low income consumers, risk analysis for toll roads, and evaluation of solar and wind projects. He has constructed many advisory analyses for project finance and merger and acquisition transactions. Lastly, our key course expert was formerly Vice President at the First National Bank of Chicago where he directed analysis of energy loans and also created financial modelling techniques used in advisory projects. He received an MBA specializing in econometrics (with honours) from the University of Chicago and a BSc in Finance from the University of Illinois (with highest university honours). POST TRAINING COACHING SUPPORT (OPTIONAL) To further optimise your learning experience from our courses, we also offer individualized 'One to One' coaching support for 2 hours post training. We can help improve your competence in your chosen area of interest, based on your learning needs and available hours. This is a great opportunity to improve your capability and confidence in a particular area of expertise. It will be delivered over a secure video conference call by one of our senior trainers. They will work with you to create a tailor-made coaching program that will help you achieve your goals faster. Request for further information about post training coaching support and fees applicable for this. Accreditions And Affliations
4 day quilting workshop covering everything from tools, techniques, designing, measuring, cutting, stitching, wadding, binding, some history too. You will receive two feet for your machine, a book, and all the materials are included too
Intense Pulsed Light or Laser Hair Removal. Hugely popular in the UK, this treatment leads the way in permanent hair removal. Salons around the UK command very good profits from a course of IPL or laser. In the 2000's, women have the opportunity to be hair free and this has led to an increase in the demand for hair free bodies. Certain cultures dictate that women be as hair free as possible and IPL allows for this. There are certain IPL machines in the market that are virtually pain free, making it possible for a woman to have a 'brazilian' or a 'hollywood' treatment. Please enquire if you wish to know more. How Does IPL Work The treatment involves the application of a focused, broad-spectrumlight (xenon), which is applied to the surface of the skin using a hand-held application head. Selective photo-thermolysis involves the process of the light, which travels across and within the range until it reaches the hair shafts or the root of the hair (the bulb). The bulb is usually where the highest concentration of melanin is located. The melanin is what determines our hair/skin colour and once this melanin has been destroyed there can be no growth. The IPL light is changes into heat. This will literally 'blow up' the root of the hair. If a hair has nowhere to grow with no hair bed, it cannot grow! This intense heat also destroys the papilla. IPL treatments will permanently reduce the total number of body hairs but will not result in a permanent removal of all hair and many factors can trigger re-growth such as hormones, menopause, pregnancy and medication. With an IPL treatment, the hair growth cycle has to be in Anagen (the active stage). The hair growth cycle differs on different areas of the body which is why we need to recommend a course! A- Anagen (active stage) C- Catagen (transitionary stage) T- Telagen (resting phase) As the hair growth cycle process can take between 4-6 weeks, this is why we recommend a client to return for their course every 4 weeks. It has the best track record. IPL & Laser has the best overall results (on large areas), versus any other method, in getting rid of hair for longer periods of time if not permanently. All skin types and hair colours can be identified. IPL (intense pulsed light) it does target pigmentation (this determines hair and skin colour), but an ND Yag Laser is not determined by the Fitzpatrick Scale. What is the difference between Laser and IPL Laser and IPL are identified by their wavelength which is usually shown in nanometres (nm). IPL systems are different to a Laser machine as they have a range of emissions. With the AATT Freeze 1 machine the range for hair removal is 640-1200nm (this is a ruby wavelength). For photo-rejuvenation the range is 540-1100nm (this is a green wavelength). The Poly lightbulb emits a range of wavelengths to appear as a flash of white light The Wavelengths are incoherent and travel in all directions with no order between them The High beam spreads out more rapidly than a laser beam The Focus is on a large area which reduces the risk of eye damage compared with coherent sources such as a laser beam. IPL is the abbreviation of Intense Pulsed Light. The machines have been widespread in use since the beginning of the 1990's. The flash lamp is commonly a xenon (huge uses across industry, photographic and medical) What Does The Course Include? When choosing a course ensure that it includes both theory and a wide variety of practical content. Every course should include: Anatomy and Physiology Types & structure of the hair Health & Safety Management Salon Management Client Care Laser & IPL Hair Removal Application Laser and IPL for Photo-rejuvenation Skin, blood and lymphatic circulation Reproductive and endocrine system Theory of Electric Currents Consultations & Record Cards Contra-indications & contra-actions Aftercare advice Accurate techniques Legislation, Hygiene and Sterilisation What is expected of the student to complete a fast track course? Full attendance of the lesson dates A full commitment to work hard Health & Safety Management Salon Management Client Care Successful Laser & IPL Hair Removal Application Successful Laser and IPL for Photo-rejuvenation Completion of a Portfolio Performing Competent Assessments Producing a Written Assignment Home Study and Practice Please see below our list of upcoming courses. Click on the course for further information, request a call or email regarding the course or book now! Course Days Dates Cost VTCT Level 4 IPL & Laser 2 6/04/2024 7/04/2024 £999 VTCT Level 4 IPL & Laser 2 23/05/2024 24/05/2024 £999 VTCT Level 4 IPL & Laser 2 21/06/2024 22/06/2024 £999 VTCT Level 4 IPL & Laser 2 24/07/2024 25/07/2024 £999