Module title: Renewable Energy Finance and Environmental Law

SCQF level: 11:
SCQF credit value: 20.00
ECTS credit value: 10

Module code: BSV11122
Module leader: Jeremy Strang
School School of Engineering and the Built Environment
Subject area group: Building and Surveying
Prerequisites

none

2018/9, Trimester 1, Face-to-Face,
Occurrence: 001
Primary mode of delivery: Face-to-Face
Location of delivery: MERCHISTON
Partner:
Member of staff responsible for delivering module: Jeremy Strang
Module Organiser:


Learning, Teaching and Assessment (LTA) Approach:
Renewable energy finance: This part of the module delivery will be through lectures, tutorials and regular course work. The module will deal with practical problems encountered in developing and financing RE in the current environment (LO1,2 and 3).
Environmental law: The delivery of law content will be through a combination of lectures, tutorials and discussion of case studies (LO4 and 5).

Embedding of employability/PDP/scholarship skills.

Through consideration of both large ( eg commercial wind farm installation) and small scale (eg domestic) renewable energy and sustainability case studies, students will be able to relate their teaching experience directly to the skills base required by potential employers in the RE market.
Students will also be encouraged to develop scholarship skills through tutorial group work and frequent reporting on their critical appraisal of topical case studies during directed study periods. The purpose here is to provide expertise in their chosen field. The School has very active ties to employers through the well-established Industrial Liaison Committees.

Assessment (formative and summative)
Renewable energy finance: Weekly written financial questions building to completion of one coursework of the students choice. (LO1,2 and 3)

Environmental law: The environmental law content and critical appraisal of material considered will be assessed through one coursework submission based around taught material, case studies and information gained by each individual through directed study and reading. Formative feedback will be given after coursework submission (LO4 and 5).

Research/ teaching linkages
Laboratory based exercises will provide opportunities for exploration and discussion around topics and provides the opportunity to link the material delivered in the formal lectures with practical demonstrations. Where appropriate this also provides the opportunity for staff to introduce students to relevant area of their current research. Hands on experiments on renewable energy systems may be organised.


Formative Assessment:
to be added

Summative Assessment:
to be added

Student Activity (Notional Equivalent Study Hours (NESH))
Mode of activityLearning & Teaching ActivityNESH (Study Hours)
Face To Face Lecture 36
Face To Face Tutorial 12
Independent Learning Guided independent study 152
Total Study Hours200
Expected Total Study Hours for Module200


Assessment
Type of Assessment Weighting % LOs covered Week due Length in Hours/Words
Essay 50 4,5 11 HOURS= 0, WORDS= 3000
Report 50 4,5 14 HOURS= 0, WORDS= 3000
Component 1 subtotal: 100
Component 2 subtotal: 0
Module subtotal: 100

Description of module content:


There are two major parts in the contents.

Renewable energy finance: Ecological/Environmental economics, concepts of sustainability, emissions calculations, energy and financial payback, accounting rate of return, Net Present Value (NPV), Internal Rate of Return (IRR), profit ratios, probability applications, sensitivity analysis, RE financial calculations, project finance practical applications, equity and debt finance, venture finance, mezzanine finance, leasing, risk management, securitisation.

Environmental law: Introduction to environmental law, European community environmental law and policy, administration and enforcement of environmental law, private regulation of environmental pollution, protection of specific environments, water pollution, contaminated land, waste management, land ownership rights and effect of planning law







Learning Outcomes for module:

On completion of this module you will be able to:
LO1: Analyse the differences between classical economic analysis and ecological economics
LO2: Evaluate concepts and issues regarding Sustainability
LO3: Apply basic financial analytical tools, project structuring, finance and management in RE, EE and ST
LO4: Investigate and interpret domestic, EU and international law relating to the environment
LO5: Analyse the legal framework impacting upon renewable energy provision

Indicative References and Reading List - URL:
BSV11122
Renewable Energy Finance and Environmental Law