This CLE course will guide counsel to companies involved in renewable energy projects to identify and understand the critical terms and effectively negotiate and structure power purchase agreements (PPAs). The panel will discuss key provisions of PPAs for buyers and sellers, highlight the differences between corporate and traditional PPAs, discuss pitfalls to avoid, and offer practical methods to allocate risks and benefits in long-term contracts.
The PPA is an intricate component of renewable energy projects. Given the current regulatory and legislative environment and heightened construction risks related to potential coronavirus-related delays, the thoughtful negotiation of long-term PPAs is integral to obtaining project financing.
A PPA must address the current regulatory environment and contain anticipatory language to capture future regulatory regimes. The agreement must also include fundamental commercial terms and meet renewable portfolio standards and renewable energy targets now in effect in most states.
Counsel to companies developing or negotiating PPAs must understand the key terms and provisions and variations on the PPA geared to different renewable energy sources, new energy storage technologies, and new hybrid projects. It is also important to address the risk of change in law and changes in the market and to understand common PPA structures, such as the physical PPA, virtual PPA, and green tariff PPA.
Listen as our authoritative panel experienced in PPA negotiations discusses the key terms, risk mitigation strategies, adapting the PPA to the type of renewable energy, and strategies for effectively negotiating and structuring the agreement. The panel will review key provisions of PPAs for buyers and sellers, highlight the differences between corporate and traditional PPAs and pitfalls to avoid, and offer practical methods to allocate risks and benefits in long-term contracts, including the impact of recent state-level construction restrictions and other potential related delays.
