Project Finance Books Review: Over the years, when it comes to project structure it has had a great influence on how financing has gradually changed while influencing and reshaping various emerging economies and industries.
If this term is still new to you, project finance ideally deals with identifying the certain financial requirements that are required to make a project a success.
This includes sourcing funds, the assessment of different risks, addressing any industrial, legal, and financial issues, and much more. All this is solely aimed at ensuring that there is the smooth functioning of a project.
As far as I know, anyone who is interested in expanding their knowledge on project finance, like reading books that have been written by the ‘walk the talk’ writers.
In that, people will always go for the books that have been written by a seasoned subject matter expert who is well known and respected everywhere.
That is why below we have compiled a list of the best project finance books that will help give you a better understanding of the theory and practice of project financing in general and other aspects about the same that influence the nature of the industry.
1) Principles of Project Finance 2nd Edition by E.R Yescombe
This is one book I must say have all the nitty-gritty of project finance. Actually, it’s one of the bestselling project finance books in the market today. The book is ideal for any practitioners who need an introduction to the project financing world.
The best thing I love about this book is the fact that it uses most of the updates and new materials to give us an insight into project finance and its changing environment.
The book further tries to explain an emphasis on the techniques and concepts that are most essential for anyone who is looking for a way to make it in financing very large projects.
More to that, the book also touches on some of the practical issues and principles that may be a challenge especially when it comes to financial and commercial negotiations.
And more importantly, it explains how the investors, as well as lenders, can evaluate the returns and risks that can be experienced on a particular project.
2) Introduction to Project Finance (Essential Capital Markets) by Andrew Fight
Project finance has been such a common thing today that you can’t miss a word or two about it in every sector of the world you go to. This is because it has proven to be one of the most promising solutions to private ventures, public ventures, and infrastructure capital needs.
With that in mind, this incredible project finance book majorly focuses on providing an overview of project finance as a general.
More to that, the book tries to bring an understanding of most key risks that are actually involved in project finance. And best of all, some of the techniques will help to curb the risks associated with it.
Before I forget, when you read this book, you will also get a better understanding of the techniques that are used for the evaluation of project finance. This is from both the credit and financial perspectives.
3) Project Finance in Theory Practice by Stefano Gatti
When you have large projects in stock especially, it is almost inevitable to invest in project finance. And that is why today most people who need to finance projects such as schools, airports, highways, tunnels, and much more have to delve into this fast-growing sector of capital investment.
For that reason, this book tries to point out the theory that guides this infamous industry. More to that, it focuses on some of the relatable examples and illustrations that illustrate how the theory actually works.
You will also love the fact that the author also brings in project finance experts who share what they know about the whole thing about project financing.
4) Project Financing; Asset-Based Financial Engineering by John D. Finnerty
Before I got to find the ideal project finance book I had read so many of them. But I should say that so far, this book has proven to be one of the best books you can ever read in this niche.
The book is precise, clear, and straight to the point and best of all every fact stated is backed by a relevant example.
The author Finnerty does a great job in blending the theoretical and practical parts of project finance. In that case, he has been able to loosen the complexities of project financing that come along with its variations and components.
This is just the book you need so that you can conceptualize your approach and strategies in a better way.
5) Financial Modelling for Project Finance by Penelope Anne Lynch
Are you looking for a great introduction to the project finance world? Well, no need to worry here is one of the best books that will give you a comprehensive introduction to project finance.
Basically, the book gives you credible suggestions on how to build your model right from the ground and all the way up.
With the ideal guidelines from this book, you will never have to worry about your project finance model not working. And I can say that all tips and tricks that are presented by this book will surely save you so much hassle when it comes to project finance models.
6) The Law and Business of International Project Finance by Scott L. Hoffman
This book by Hoffman is one that strives to give its readers a comprehensive insight into the legal aspects of the project finance.
However, majorly the book focuses on giving great introductory insight on project finance although still serving as a credible reference in the same field. The book works as a great resource for the Sponsors, Governments, Project Participants and Lawyers
One undeniable aspect of this book is the fact that it consists of valuable case studies of project finance. Therefore, if you are a young professional in project finance this project finance book will give you a great overview of the major documents and concepts that are very core to the niche of project finance.
7) Cooperate and Project Finance Modelling by Edward Bodmer
This is an ultimate guide that will effectively show you the way when it comes to project finance and corporate modeling. More to that, the book focuses on addressing some of the complex issues that are faced when structuring these financial models and any financial theories.
You will love that the book comes with ample case studies as well as examples that make it easier to apply the complex financial and mathematical concepts in this niche.
More to that, the author of this book lays down the fundamentals of the project finance modeling mechanics.
8) Modern Project Finance by Benjamin C. Esty
In the project finance world, this book happens to be one of the best project finance books. It focuses on valuing projects, managing the project risks, structuring projects and so much more.
This faculty has been carefully selected in order to reflect the use of project finance in the real world.
That is why the book gives illustrations where necessary in terms of industrial sectors and geographic location. With the case studies given in this book, you get the chance to access a rich as well as wide coverage of concepts.
9) International Project Analysis and Financing by Gerald Pollio
Of all the project finance books that I have read over the past few years, this is one path-breaking project finance book that majorly focuses on dealing with the complexities of the diverse and interconnected fields of project finance and analysis.
In the past years, these were two topics that were looked at in different settings but Gerald Pollio has gone out of his way to merge the two in order to provide practical and theoretical perspectives on project finance development.
The author of this book fashionably brings out the complex concepts that merge and connect the two topics. As well, he brings out a coherent whole that is easily understandable by the readers.
The best part of this book is the practical case studies that have been used to add to the utility of his concepts.
10) Advanced Project Financing 1st Edition by Richard Tinsley
This is one of the best project finance books we have in the market today. It majorly epitomizes the idea of practical work on project financing.
And with that in mind, the author presents the readers with not anything less than 214 case studies from the real world. Hence giving a precise illustration of project financing techniques and tools.
In short, when you get this book, you have with you a complete guide whether you are a project finance student or even a professional.
This is a highly versatile book that will enhance the understanding of anyone on risk structures according to the diverse industries and economies.