Review Solar Power Project Finance Model

An energy company needs a project finance model for a solar power plant acquisition candidate - to see if it's a worthy investment and check profitability. They provided certain details about the case. I've attached the financial model along with the case details here.

Also, how do you calculate an equitable premium that a company can pay for the acquisition of a solar farm in project finance? I'm only familiar with calculating premium based on company financials with outstanding shares - calculating the share price and looking at precedent transactions. I don't know how to do that using project finance model.

Be as brutally honest as you can, check it as if you're the associate in charge of reviewing the models or you're the senior management putting a lot of money into this and want to know if the analysis is good and reliable.
Points of improvement highly appreciated.

Another thing would be is that, what would be the best way to present this to management?

Cheers brothers!

Attachment Size
financial_evaluation_-_solar_power.xls 255 KB 255 KB
 

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