Please note this course description is from Spring 2016 and is for reference only.

COURSE NUMBER: MBA 217-12

This course is cross listed with the EWMBA.

NOTE: MBA217-11 and MBA217-12 are two separate and independent courses.  You can enroll in one, the other, or both.

COURSE TITLE: Energy and Infrastructure Project Finance (Part 2)

UNITS OF CREDIT: 1

INSTRUCTOR:  Sheldon Kimber

E-MAIL ADDRESSsheldon@kokosingcapital.com

CLASS WEB PAGE LOCATION: bCourses

MEETING DAY(S)/TIME: Sundays, 4/23 & 4/30, 9 am-5 pm

PREREQUISITE(S):
Familiarity with core finance and accounting concepts will be assumed throughout the class.

CLASS FORMAT: The class will consist of a mixture of case work/discussion, in class modeling exercises and conclude with a team presentation of case solutions to the class.

REQUIRED READINGS: The class will rely primarily on case materials and handouts provided in class.

BASIS FOR FINAL GRADE:
The final grade will be based upon the student’s participation in case discussions and their performance on the team case presentation.

CAREER FIELD:
This course will be relevant for students pursuing a career in energy or infrastructure (including certain areas of real estate) finance and/or development.

This course will be useful for students pursuing careers in entrepreneurship, especially entrepreneurship within energy related or other asset intensive industries.

This course will be useful for students pursuing careers in finance, especially banking, private equity and other financial services within asset intensive industries (energy, resources, real estate, etc).

ABSTRACT OF COURSE'S CONTENT AND OBJECTIVES:
This course will be devoted to the financial and quantitative aspects of project finance.  In addition to this, we will spend time discussing energy/infrastructure project development as it relates to financing and completing projects.  Finally, we devote some class time to discussion of entrepreneurship in energy and resource industries. 

Topics include: project financing as part of the capital markets (i.e. sources of project finance), optimizing the capital structure of project financed assets, project level modeling, the lifecycle of a project, interaction between project finance and project development, entrepreneurship in energy and the application of all concepts to a case problem.

MODIFICATIONS TO COURSE FROM ITS MOST RECENT OFFERING: N/A

BIOGRAPHICAL SKETCH:
Sheldon Kimber has over 15 years of experience in energy finance, development and entrepreneurship.  Currently, he is active as an investor, board member and entrepreneur in early stage energy and technology companies.  

In his prior role as COO of Recurrent Energy he led all of the company’s development, origination, engineering, procurement, construction and operations activities globally.  Over 7+ years at Recurrent Energy, Sheldon drove the expansion of the company's development strategy from a small-scale rooftop developer to a leading utility scale PV developer with hundreds of MWs of contracted projects and a pipeline of 3GW+. Throughout his tenure, Sheldon was intricately involved in all major North American project development, PPA origination, M&A and module procurement, including 100's of MWs in Arizona, Ontario, Texas and California. Sheldon joined Recurrent Energy in the Spring of 2007, shortly after its founding. In his first 18 months at Recurrent Energy, he held the role of vice president of finance, where he was instrumental in developing and negotiating the company’s first projects, early corporate fund raising efforts, and joint venture agreements.

Previously, he spent five years at Calpine, working on finance and development of gas-fired power projects. He also worked as an investment banker at Goldman Sachs, and in Accenture’s strategy consulting practice, specializing in power price forecasting and asset valuation projects for utility clients. Sheldon holds a BA in Economics from Kenyon College, where he serves on the Kenyon Fund Executive Committee.  He holds an MBA from UC Berkeley’s Haas School of Business, where he teaches Project Finance in the Full-time MBA program and serves on the Deans Advisory Committee.

Specialties: Project finance and development in energy and electric power sectors. Entrepreneurship in energy and infrastructure sectors. Executive Leadership in energy and infrastructure development companies.