WINDBANK

The flexible nature of the program enables the user to tailor the calculations based on the specific conditions in force. For example, the selling price for electricity can consist of different elements where one element can be limited in time (typically subsidies). Different electricity sales prices can be included in the calculations and the development of sales prices can be defined individually (inflation, entering the figure for each year, etc.).

The turn-key budget can include as many items as needed and each item can be assigned individual properties, e.g. if a cost item is depreciable or not. Key figures based on the energy production are automatically updated during the data input.

The financial feasibility of a project can be based on the following ownership models:

• Cooperative Society (Cooperative WTG)
• Single Owner (individual or company)

Proven accounting model

The calculation model follows the general principles for accounting, i.e. a detailed cash flow is generated with all earnings and expenditures. Also, the balance sheet with assets and liabilities is calculated for each year. Before/after tax calculations are only included in the Danish version.

Stand-alone Module

The WINDBANK module is a stand-alone module where data can be entered independently of the other windPRO modules. However, if you have made an energy calculation in a windPRO module you can automatically transfer information about WTG type and calculated energy production to WINDBANK.

The following input data can be added to a project:

Setup: Information about ownership and number of shares in a cooperative owned WTG.
Project: Information about WTG type, energy production, etc.
Sales price: The sales price for electricity sold can be found in the database or it can be entered manually. The sales price can be defined in a flexible way.
Budget: The turn-key budget can be divided into capital costs and operating costs and each cost can be marked as depreciable or not.
Automatic calculation of insurance: You can mark the items to be included in the insurance calculation and assign percentages to each item – this is also valid for the energy production.
Possible loan types: Cash Credit, Annuity, Series or Index Series.
Operational Cash flow: This can be split into a number of items (service, insurance, land lease, etc.). And each item can be estimated individually in different ways (annual amount, DKK/kWh, etc).

Inflation, etc.: Inflation, year of start and inflation rate.
Tax: General information about taxation.

Calculation report

The report generator enables the generation of very detailed and comprehensive printouts offering banks and financial auditors a full overview of the financial feasibility of an investment. The reports available include:

• Main Result
• Assumptions and Key Figures
• Operating Cash Flow and Liquidity Budgets
• Detailed Profit/loss statement for the project
• Graphic plots of income, expenditures, debt and liquidity