Renewable Energy Project Agreements

By attending Euromoney Legal Training’s newly designed Renewable Energy Project Agreements course, you will understand the important legal issues and other critical aspects involved when structuring and documenting a typical RE Project. Through interactive exercises and real examples, you will: Identify the main types of project risk Understand how they can be contractually allocated to the various parties associated with a project financing Gain an understanding of how the different types of contracts interrelate Receive insights on how best to negotiate with your counterparties Discover the hidden deal-breakers that project lenders and developers look out for, which often result in unsuccessful projects which fail to obtain finance. With project finance increasingly seen as an attractive method of financing by the RE project sponsors, this is a must-attend course for anyone involved with the complex project agreements in the renewable energy sector. Supported by:
Day 1 Introduction to project finance and renewable energy The essential components of project finance The renewable energy sector: technologies, facts and figures The various parties and their roles in a renewable energy project financing Developers, equity investors, independent engineers, EPC contractors, commercial lenders, off-take purchasers/marketers, government Where do they enter the deal flow? What risks do they typically take on? Identification of the main types of project risk and their occurrence in renewable energy Market access risk, technical risk, construction risk, completion risk, performance risk, operations risk, feedstock price risk, feedstock availability risk, regulatory risk/change in law How to successfully allocate the risks to the parties associated with the project Specific risks and mitigation within the renewable energy sector Availability of renewable sources Government support regimes: feed-in tariff versus certificate system Market price risk and risk tranching Day 2 Role of credit ratings in project financed transactions Key structures and negotiation techniques of project finance How best to structure the key project contracts to allocate risks and define cash flows Engineering, procurement and construction (EPC) contract Equipment supply agreements PPA/offtake, Loan agreements Purchase/sale of a project Typical documents to support your project finance architecture Power purchase agreement, energy performance contract, gas off-take agreement, construction contract, warranties, O&M agreement, interconnection agreement, leases and easement, loan agreement, guarantees and other financing documents, regulatory and environmental documentation and approvals, incentive agreements Financing – minimum requirements of senior lenders cash flow analysis, cash flow models, standard terms, term sheet Impact of regulation upon the contract documents Recent trends and major issues in the negotiation of: Turbine supply agreements Turbine warranty agreements Balance of plant agreements Power sales arrangements (including power swaps).