Structuring Corporate PPAs for Renewable Energy: Key Contract Provisions and Guidance for Energy Counsel

Critical Buy-Side and Sell-Side Drivers in Negotiations, Financing, Mitigating Risks, Regulatory Challenges

A live 90-minute premium CLE webinar with interactive Q&A


Wednesday, September 30, 2020 (Today)

1:00pm-2:30pm EDT, 10:00am-11:30am PDT

or call 1-800-926-7926
Program Materials

This CLE webinar will provide renewable energy counsel with an in-depth analysis of structuring corporate power purchase agreements (PPAs) for renewable energy. The panel will provide a review of key issues in structuring PPAs for both buyers and sellers, regulatory and challenges in certain states and jurisdictions, mitigating risks, financing, and best practices for energy counsel.

Description

The growth of corporate clean energy buyers has increased the purchase of power directly from independent generators in record amounts through PPAs. Some of the drivers for these purchases is to address sustainability and ESG or environmental, social and governance goals of the company. As more and more investors, customers, and lenders insist that public companies take action to address climate change, renewable energy is one of the key areas where these businesses can achieve greenhouse gas reductions.

Corporate PPAs are also being used by developers to finance renewable energy projects with a variety of structures.

Corporate renewable PPAs offer substantial benefits, but present risks, including price and congestion risk, that must be carefully evaluated in analyzing the transaction and drafting PPAs. What can often be complex agreements raise several regulatory, financing, and tax challenges.

PPPs may be physical or virtual where the company actually receives and uses the power or sells it into the local marketplace but uses the renewable aspects of the power generated to “offset” power use from electric grids in locations where there is a higher carbon content in the electricity generation.

Listen as our authoritative panel provides a complete analysis of corporate PPA structures and financing renewable energy projects with corporate PPAs. The panel will also discuss the regulatory, finance, and tax challenges to address with corporate PPAs.

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Outline

  1. Corporate drivers to purchase renewable energy
  2. Benefits and risks of corporate PPAs
  3. Corporate PPA structures and key considerations
  4. Overcoming regulatory challenges
  5. Financing renewable energy projects with corporate PPAs

Benefits

The panel will review these and other key issues:

  • Why are more corporations purchasing renewable energy? What are the business and regulatory drivers?
  • How can companies use renewable energy purchases to drive down costs as well as carbon emissions?
  • What structures can be used in forming corporate PPAs? What are the challenges of the different structures?
  • What are the key terms in physical and virtual PPAs?
  • How can corporate PPAs be leveraged for financing renewable energy projects?
  • What are the federal and state regulatory challenges and methods to overcome them?
  • What approaches can parties and counsel use to allocate risks and benefits in the long-term contract?
  • What are the better states for corporate renewable energy PPAs?

Faculty

Deatherage, Scott
Scott D. Deatherage

Founder
S Deatherage Law

Over the last 30 years of his career, Mr. Deatherage has focused his practice on energy, environment, water, and...  |  Read More

Zaelke, Edward
Edward W. Zaelke

Partner
McDermott Will & Emery

Mr. Zaelke co-chairs the firm’s global project finance practice. He focuses on project development and...  |  Read More

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