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Forecasting Ecopetrol’s Future: Scenario-Based Financial Outlook Through 2029 In this latest article, I present a detailed financial forecast for Ecopetrol under three growth scenarios—Bear (6.5% CAGR), Base (13.05% CAGR), and Bull (17.5% CAGR). The analysis models revenue, CapEx, EBITDA, D&A, net income, and free cash flow to help stakeholders understand the strategic and..
Energy Central…
Financial analysts supply businesses and individuals with the insights they need to make better decisions. They carefully analyze market data and other information to predict the outcome of investments and other financial decisions.
Most of the time, you are focused on generating wealth for others. But you should also think about your prospects too. Confident progression over the career ladder is key to improving your financial prospects.
To make this happen, you have to sell yourself to potential employers. You begin that task with a great financial analyst cover letter.
Here is a detailed sample letter to use as a reference for writing your cover letter. In this case, the letter is written by someone in search of an entry-level job upon graduating from college. However, the content here does a great job of exemplifying what should be included in a cover letter for professionals at any stage of their career. …
The post On Heels of $ 2.3B Financial Close, Vineyard Wind Joint Venture Partners Announce Restructuring appeared first on POWER Magazine.
Partners developing the 800-MW Vineyard Wind 1 offshore wind farm have announced they will swap assets jointly owned by their 50/50 Vineyard Wind joint venture to allow each party to focus on its separate expansion within the burgeoning U.S. offshore wind industry once the 800-MW Vineyard Wind 1 offshore wind farm is operational.
The Vineyard Wind joint venture is equally held by Connecticut-based AVANGRID subsidiary Avangrid Renewables—a company whose majority (81.5%) shareholder is Spanish renewables giant Iberdrola—and Danish fund management company Copenhagen Infrastructure Partners (CIP). Restructuring will enable both companies “to leverage their strengths and expertise to continue to grow the U.S. offshore wind industry” and “better align project timelines with their separate strategic objectives,” the partners said on Sept. 21.
The development is noteworthy given that the partners recently raised $ 2.3 billion of senior debt to finance the construction of the Vineyard Wind 1 project.…
The post The POWER Interview: Financial Benefits of Energy Storage appeared first on POWER Magazine.
Speakers at POWER’s recent Distributed Energy Experience were unanimous in their agreement that energy storage is a game-changing technology for the power generation sector. Storage provides for more reliability and resilience, and already is proving its importance to supporting the growth of solar and wind power.
Utilities are incorporating storage into their generation portfolios. It is often featured as part of microgrid configurations, and the business community has discovered the cost-effectiveness of storage in commercial and industrial distributed generation systems.
Abbot Moffat, Director of Business Development / West for Rubicon Professional Services, provided POWER with his insight into energy storage. Rubicon is a team of experienced design and construction experts that works on projects for several industries, including alternative energy, data centers, health care, telecommunications, and power plants.
POWER: What are the financial benefits for a utility to incorporate energy storage into its project portfolio?…
NuScale Power, the front-runner in the race to commercialize small modular reactors (SMRs), has bagged another major backer that could broaden its nuclear supply chain base and expand its financial standing.
On April 29, NuScale signed a memorandum of understanding (MOU) with Doosan Heavy Industries and Construction (DHIC), a South Korean–based engineering, procurement, and construction contractor with a wide global network, that supports deployment of NuScale’s Power Module worldwide. “The relationship includes DHIC, a member of the Doosan Group, and potential Korean financial investors, which, commensurate to final due diligence, plan to make a cash equity investment in NuScale,” NuScale said on Monday.
DHIC, which has an integrated manufacturing facility in Changwon, South Korea, that it says is “capable of raw material production to final assembly of nuclear components,” has supplied 32 nuclear reactor vessels and 114 steam generators for nuclear plants in South Korea, China, the U.S., and the United Arab Emirates.
Under the MOU, the companies will negotiate a strategic supplier agreement by July 2019 that would task DHIC with building a portion of the Power Module’s “most critical and complex” sub-assemblies for the plant that NuScale is developing for Utah Associated Municipal Power Systems (UAMPS), the companies said.…
Despite higher taxable income and pressure on balance sheets, capital spending by regulated utilities will remain elevated—and much of it will be dedicated to replacing aging infrastructure, hardening or efficiency-boosting measures, and on renewables and environmental projects, said Moody’s Investors Service in a recent sectoral briefing.
The credit ratings agency for the first time this June downgraded the regulated utility sector from stable to negative, pointing to a surge in financial risks as more individual companies funnel funds to debt. In a Dec. 14 briefing, Moody’s said utilities will claim less in depreciation expenses and have higher taxable income under the 2017 Tax Cuts and Jobs Act, and most are starting to pay cash taxes as early as 2019 or 2020.
However, several utilities are still involved in extensive improvement projects, it said, warning: “This could put pressure on balance sheets depending on how much debt is used in the financing plans.”
Capital spending for a group of 31 utility holding companies that the agency examined was expected surge to $ 100 billion in 2018, compared to $ 90 billion in 2017, Moody’s noted.…