LNG Terminal Project Name | The LNG Terminal Project name field allows users to give their project a name; this is a mandatory field. |
Project ID | The Project ID field allows users to create an ID which is unique per project, this is used to then link the projects and the loans. This ID will be defined under Loans within the Use Asset CF section. |
Scenario Group | The Scenario Group field allows users to segment different stresses to projects. Users can group projects together here or single out certain projects to run specific stress tests on. |
Cashflow Group | The Cash Flow Group field allows users to define a cash flow group for a single project or for several projects, and use the cash flows from these projects specifically to pay into a selected collection account. |
Project Fair Mkt Value $/W | The Project Fair Mkt Value $/W field allows users to define the fair market value per unit produced. This is most often used for calculating depreciation. |
Total Capacity | The Capacity (kW DC) field allows users to define the capacity per unit which the project can produce. This is the amount of production coming from the project. |
Alt. Cost Basis | The Alt. Cost Basis field is the cost basis the project has and allows users to calculate how much the project can produce per unit, how many units the project has, and how much money is expected based on the market value. |
Unit Max Utilization Rate | The Unit Max Utilization Rate field is used for the utilization rate which is the percent production capacity of the project. This is how much of the previously defined Kilo Capacity is utilized in the project. For example, if the user defines the project has a Kilo Capacity of 1000, but the Unit Max Utilization Rate % is 50%, then it is estimated that the project will actually produce about 50% of its possible capacity. This percentage of the project’s capacity that is realized for energy purposes is typically used with OpEx or production. |
Months to Unit Utilization Date | The Months to Unit Utilization field is the months in relation to the cut-off-date which is when the project begins producing and generating revenue. This index can be negative, and thus indicate that the project begins generating money before the cut-off date.
Months to COD (defined as prefunded month in loans) |
Aggregate Project Value Discount Rate (%) | The Aggregate Project Value Discount rate field is the present value of the Total Revenue. It is calculated for all periods of all remaining periods. This can be defined as a vector. |
Degradation (%) for Gross/Net Aggregate Project | The Degradation (%) for Gross/Net Aggregate Project field is the present value of Net Operating Income. It is calculated for all periods of all remaining periods. The user can define the discount rate used to calculate degradation. This can also be defined as a vector. |
Address/City/State/ Country | The Address/City/State/ Country fields allow users to note where each project is physically located. The State field is relevant for tax purposes. Note, once a project has a defined name, it will enable the location, and this location will be added to the State Tax Table under Portfolio Settings.
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Unit Production
Mode | The Mode field allows users to define the power generation of the project to be measured either Monthly or Hourly. |
Months Fields in kWh | The Months fields for power generation allows users to define kWh per each month. This allows users the ability to take account for seasonality in different locations. |
Income
LNG Terminal Project Name | The LNG Terminal Project name field allows users to give their project a name; this is a mandatory field. |
Project ID | The Project ID field allows users to create an ID which is unique per project, this is used to then link the projects and the loans. This ID will be defined under Loans within the Use Asset CF section. |
Scenario Group | The Scenario Group field allows users to segment different stresses to projects. Users can group projects together here or single out certain projects to run specific stress tests on. |
Cashflow Group | The Cash Flow Group field allows users to define a cash flow group for a single project or for several projects, and use the cash flows from these projects specifically to pay into a selected collection account. |
Customer | The Customer field allows users to document the projects with the customer entity. |
Customer Rating | The Customer Rating field allows users to document the rating which the customer was deemed for the project. |
PPA Price $ | The PPA Price $ field allows users to define the primary price of energy- primary product. |
PPA Escalator% | The PPA Escalator% field allows users to define the percentage in which the price will increase. |
PPA Escalator Start (month) | The PPA Escalator Start (month) allows users to define the month in which the escalator starts.This is the month that the escalator will begin. |
PPA Production Lag (Months) | The PPA Production Lag (months) allows users to define the lag of the PPA Production in months. This is the delay between PPA accounting revenue recognition and actual cash flow distribution. |
Fixed Revenues ($) | Constant revenues that are coming into the project. |
Fixed Revenues Escalator (%) | The fixed revenue escalator field allows users to define the percentage in which the price will increase. |
Fixed Revenues Escalator start month | The fixed revenue escalator start allows users to define the month in which the escalator starts.This is the month that the escalator will begin. |
Project Term | The Project Term field allows users to define the length in which the project will last. |
Secondary Price Per Produced unit $ | The Secondary Price Per Produced Unit field allows users to define the secondary price per unit sold. |
Secondary Produced Production Lag (Months) | The Secondary Produced Production Lag (months) allows users to define the lag of production in months. This is the delay between the Secondary Price Per Produced Unit accounting revenue and actual cash flow distribution. |
Other revenue $ | The Additional Revenues field allows users to model any other additional revenues created from the project. |
| Dynamic Income
| This allows users to add different types of project income. See Dynamic Income article for further details. |
CapEx & Tax
Capital Expenses & Taxes
Total COGS ($) | The Total COGS ($) field allows users to input the total cost of doing business. This total cost is made up of all the inputs needed for LNG production, including tangible (physical) and intangible. Note, that this field refers to the initial cost of the goods, and will be used to calculate depreciation. The total cost of goods sold defines the amount of money spent to make the project functional. |
Ineligible COGS ($) | The Ineligible COGS ($) field allows users to input the cost of goods which are not tangible and can not be on the same calculation basis of the tax credit calculation. By defining the cost of goods which are not physical, the user can separate the tangible from the non-tangible goods for the purpose of tax calculations. |
Depreciation Basis | The Depreciation Basis field allows users to toggle to No Basis, COGS or FMV. The user can calculate the depreciation based on the value of the COGS or on FMV (Fair Market Value). This is an important section; as once the goods lose value, the user can get tax breaks or tax credit for them. |
Federal Depreciation Schedule | The Federal Depreciation Schedule field allows users to set a schedule in which the goods will lose value. This field is used for federal tax deductions.This must be a sum equal to 100 (and there is a validation in this field), meaning at the end of its life, the good will be worth nothing. The user will define the schedule here. This field is used for federal tax deductions. |
State Depreciation Schedule | The State Depreciation Schedule field allows users to set a schedule in which the good loses value. This must be a sum equal to 100 (and there is a validation in this field), meaning at the end of its life, the good will be worth nothing. This allows the user to determine the schedule in which this will happen.
This field is used for state tax deductions. |
OpEx
Operating Expenses
OpEx | Within the operating expenses (OpEx) section users can input any operating expenses related to the project. For example: insurance, tax, O&M (operating and maintaining).
Users can also add additional customized expenses by using the settings wheel next to the OpEx. Within the customized expenses the user has the structure of 3 columns per expense:
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OpEx Production Lag (Months) | The OpEx Production Lag (Months) allows users to input a delay in months between OpEX Energy accounting recognition and actual distribution. |
Cost 1 ($/mo) | The Cost 1 ($/mo) field allows users to define OpEx Cost 1 $ amount per month. |
Cost 1 Escalator (%) | The Cost 1 Escalator (%) field allows users to set what % the OpEx Cost 1 will escalate each month. |
Cost 1 Escalator Start (Months) | The Cost 1 Escalator Start field allows users to set which month the escalation will start. |
Cost 2 ($/mo) | The Cost 2 ($/mo) field allows users to define the OpEx Cost 2 $ amount per month. |
Cost 2 Escalator (%) | The Cost 2 Escalator (%) field allows users to set what % the OpEx Cost 2 will escalate each month. |
Cost 2 Escalator Start (Months) | The Cost 2 Escalator Start field allows users to set which month the escalation will start. |