Postgraduate Diploma in Energy Risk, Guarantees and Insurance
Online 800 h Postgraduate Diploma in Energy Risk, Guarantees and Insurance. 8 modules covering ISO 31000 (risk management), IEC 31010 (risk assessment techniques) and @RISK. Assigned tutor and open enrolment.
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What you will be able to do
Identify the risks of an energy project throughout its lifecycle.
Quantify risks using probabilistic methods.
Design contractual performance and completion guarantees.
Select financial guarantees such as bonds and letters of credit.
Structure the construction insurance programme.
Define insurance coverage during the operational phase.
Apply market hedges to mitigate price risk.
Who it's for
- Energy project risk manager looking to specialise in Risk, Guarantees and Insurance in Energy.
- Energy insurance specialist looking to specialise in Risk, Guarantees and Insurance in Energy.
- Guarantees and bonds analyst looking to specialise in Risk, Guarantees and Insurance in Energy.
- Technical insurance broker looking to specialise in Risk, Guarantees and Insurance in Energy.
- Market hedging manager looking to specialise in Risk, Guarantees and Insurance in Energy.
- Risk consultant looking to specialise in Risk, Guarantees and Insurance in Energy.
- Engineering or science graduates seeking to enter renewable generation.
What you'll work with
- ISO 31000 (risk management)
- IEC 31010 (risk assessment techniques)
- URDG 758 (ICC Uniform Rules for Demand Guarantees)
- ISP98 (International Standby Practices for standby letters of credit)
- Law 50/1980 (Insurance Contract Law)
- ISDA Master Agreement 2002
- EFET General Agreement (energy contracts)
8 modules · 800 h
1.1Risk taxonomy in energy1.2Development and permitting risks1.3Construction risks and delays1.4Operational and availability risks1.5Market and price risks1.6Natural and climate risks1.7Counterparty risks1.8Risk management under ISO 310001.9Probability and impact matrix1.10Case study: risk register for a PV plant
2.1Value at Risk and CfaR2.2Monte Carlo simulation2.3P50 and P90 production distributions2.4Shape and cannibalisation risk2.5Correlations between variables2.6Expected loss and probable maximum loss2.7Tail risks and extreme events2.8Natural catastrophe models2.9Physical and transition climate risk2.10Workshop: Monte Carlo revenue analysis for a wind farm
3.1EPC performance guarantees3.2O&M availability guarantees3.3Power curve guarantees3.4Product and manufacturer guarantees3.5Liquidated damages and their limits3.6Retentions and performance bonds3.7Defects guarantees and warranty period3.8Guarantee enforcement and claims3.9Guarantor solvency3.10Practice: analysis of the guarantees in an EPC contract
4.1On-demand bank guarantees4.2Standby letters of credit4.3Parent company guarantees4.4Surety bonds4.5Grid access guarantees4.6Guarantees in PPAs and markets4.7Collateral in derivatives markets4.8Credit risk coverage4.9Cost of guarantees4.10Case study: guarantee package for a PPA
5.1CAR/EAR all risks construction insurance5.2Delay in start-up (DSU)5.3Marine transport and cargo insurance5.4Construction liability5.5LEG defects clauses5.6Deductibles and limits5.7Offshore construction insurance5.8Construction claims management5.9Role of the insurance broker5.10Workshop: construction insurance programme
6.1Operational Material Damage6.2Machinery Breakdown6.3Business Interruption (BI)6.4Natural Hazards and Catastrophe6.5Insurance Compensation Consortium6.6Liability and environmental liability6.7Parametric Resource Insurance6.8Cyber Risk Insurance6.9Lender Requirements6.10Case Study: Transformer Claim
7.1Electricity derivatives7.2Futures on OMIP and EEX7.3Price swaps and options7.4Volume and weather hedges7.5Proxy revenue swaps7.6Interest rate and currency hedges7.7IFRS 9 hedge accounting7.8Risk policies and limits7.9Trading risk governance7.10Practice: hedging strategy for a producer
8.1Description of the energy asset8.2Risk identification8.3Quantification and scenarios8.4Guarantee structure8.5Insurance programme8.6Hedging strategy8.7Residual risk and total cost8.8Risk policy8.9Report and presentation8.10Final review with the tutor
How you'll learn
Fully 100% online training on the SEIUM campus, with downloadable material, recorded classes and an assigned technical tutor. No fixed timetable: students progress at their own pace within the enrolment period, which makes it possible to combine the programme with work.
Each module combines theory, guided reading of the original standard and applied exercises. The working software is @RISK, Oracle Crystal Ball, Python (Monte Carlo simulation), advanced Excel, in free, academic or evaluation versions. The case studies work through real procedures for project risk registers and matrices, Monte Carlo loss simulation, and review of CAR and operational policies. Assessment is continuous, module by module, plus the final integrative project.
Build it end to end
Your final project follows the real engineering workflow, step by step, reviewed by your tutor.
Identify the risks of an energy project throughout its lifecycle.
Quantify risks using probabilistic methods.
Design contractual performance and completion guarantees.
Select financial guarantees such as bonds and letters of credit.
Structure the construction insurance programme.
Where this takes you
Requirements
- Prior technical training or professional experience in the sector. A university degree is not required.
- Internet connection and a computer capable of running the programme's software.
- Sufficient Spanish to follow technical regulatory reading.
Ready to start?
Send your application today. Our admissions team replies within 72 hours with your study plan and funding options.
Frequently asked questions
The programme totals 800 hours, spread over 6 to 8 months. That is an average of 10 to 15 hours per week, compatible with a full-time job.
You will work with @RISK, Oracle Crystal Ball, Python (Monte Carlo simulation) and advanced Excel. Free, academic or evaluation versions are used, and the tutor will indicate the free alternative where one exists.
SEIUM's own diploma upon passing continuous assessment and the integrative project. It is in-house training, not an official Ministry qualification.
Yes. Modules passed in a course or diploma in the same area are recognised towards the advanced programme. Check the credit recognition policy when you enrol.
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