Negotiating Power Purchase Agreements for Renewable Energy Projects
Structuring Terms to Meet State and Federal Renewable Power Standards
Recording of a 90-minute CLE webinar/teleconference with Q&A
Conducted on Wednesday, June 8, 2011
Recorded event now available
This CLE webinar will provide guidance for counsel to companies involved in renewable energy projects to understand the critical terms and effectively negotiate and structure power purchase agreements.
Description
The power purchase agreement (PPA) is a highly complex component of any renewable energy project. Given the current regulatory and legislative focus on renewable energy, thoughtful negotiation of long-term PPAs—integral to obtaining financing for projects—is a key initial step.
A PPA must encompass the current regulatory environment and contain anticipatory language to capture future regulatory regimes. It must also include provisions to lock in price and quantity and meet renewable power standards (RPS), now in effect in over 30 states plus the District of Columbia.
Counsel to companies developing power purchase agreements must understand the critical terms and provisions and variations on the PPA geared to different renewable energy sources.
Listen as our authoritative panel of attorneys experienced in PPA negotiations discusses the key terms, adapting the PPA to the type of renewable energy, and strategies for effectively negotiating the agreement.
Outline
- Key provisions of a PPA
- Green attributes
- Compliance with RPS
- Term
- Power production
- Facility ownership
- Environmental Credits
- Tax ownership
- Access
- Key terms
- For buyer
- For seller
- PPAs for different renewables
- Solar
- Wind
- Geothermal
- BioMass
- Pricing model
- Other project contracts
- Land
- Turbine supply
- Operations
- Permits
- Strategies for negotiation
Benefits
The panel will review these and other key questions:
- What are the critical provisions of PPAs for buyers—and for sellers?
- What are the features of different types of renewable energy that must be considered when negotiating the PPA?
- What strategies can parties and counsel employ to allocate risks and benefits in the long-term contract?
Faculty
John T. W. Mercer,
Partner
Mercer Thompson, Atlanta
He concentrates his practice in the areas of project and corporate finance and other complex transactions, with particular emphasis on the electric power industry. He has extensive experience and expertise in clean energy technology projects, corporate finance and securities compliance, mergers and acquisitions, and independent power projects.
Kristen Thall Peters,
Partner
Cooper White & Cooper, San Francisco and Walnut Creek, Calif.
She co-chairs the firm's Green Practice Group and practices real estate, land use and environmental law. She counsels energy companies in development and contractual matters, including the drafting of contracts for power purchase, purchase and sale of environmental attributes, including renewable energy credit and carbon credits, and the development, financing, and restructuring of power projects.
John Lamberski,
Principal
Mercer Thompson LLC, Atlanta
His expertise centers on the generation of electric energy from facilities of all fuel sources, including natural gas, coal and nuclear, as well as renewable resource facilities. His transactional expertise includes the engineering, procurement and construction of generating facilities, the purchase and sale of generating assets and the purchase and sale of capacity, energy and ancillary services.
Ordering
Online CLE - Audio Recording
Includes audio streaming of full program plus handouts (available 24 hours after live seminar).
CLE:
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(*Indicates that Strafford must report attendance.)
Online CLE Audio $297.00
Available 24 hours after the live event
Recorded Event
Includes full event recording plus handouts (available after live seminar).
CLE: Pre-approved for self-study credit in: AK, AZ, CA, CT, GA, HI, MO, MT, NY, TX*, VT, WA, WV. Upon request, self-study credit is also available in: CO, FL, ID, KY, ME, ND, NE, NH, NM, NV, OR, UT, WI, WY. If you are applying for self-study credit in one of these states, contact Strafford CLE at 1-800-926-7926 ext. 35 or CLE@straffordpub.com. (*Indicates that Strafford needs to process the CLE — see below to purchase this option.)
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Available three business days after the live event
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plus $9.45 S&H
Available ten business days after the live event
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Available 24 hours after the live event
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plus $9.45 S&H
Available ten business days after the live event
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CLE Credit
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Customer Reviews
This was an excellent teleconference; one of the best I have listened to. The speakers were all very knowledgeable on the subject, but importantly, they were able to present in a very direct, easy to listen to and understand style.
Jose E Guzman, Jr.
Nossaman
The speakers were excellent and made it easy to understand the complex subjects.
Michael Robinson
Winston & Strawn LLP
The speakers were very clear, engaging and thorough.
Eric LaMons
Wilk Auslander LLP
The program was very informative and the information was precise and straight forward.
Michael Bradford
Speidel Law Firm
The speakers' presentations were very substantive and provided new information for seasoned practitioners.
Therese Lee
Google Inc.
Environmental Law Advisory Board
Partner
Allen Matkins
Partner
Loeb & Loeb
Of Counsel
Stoel Rives
Partner
Shipman & Goodwin
Partner
Akin Gump Strauss Hauer & Feld
Partner
Arnold & Porter
Partner
Gibson Dunn & Crutcher
Partner
Dinsmore & Shohl
Partner
Cravath Swaine & Moore
Special Counsel
Stroock & Stroock & Lavan
Partner
Bryan Cave
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