Question 1
In project finance, what is the primary function of a Special Purpose Vehicle (SPV)?
Question 2
Which feature distinguishes non-recourse financing from limited-recourse financing in project finance?
Question 3
What characterizes a sleeved Power Purchase Agreement (PPA)?
Question 4
In a merchant Power Purchase Agreement, which risk is primarily borne by the project developer?
Question 5
Which formula defines the annual capital recovery factor (CRF) used to annualize capital costs over a project lifespan $N$ at discount rate $r$?
