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Renewable Energy and Corporate PPAs: Overcoming Regulatory, Financing, Intercreditor, Tax Challenges

Recording of a 90-minute CLE webinar with Q&A

This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

Conducted on Wednesday, July 20, 2016

Recorded event now available

or call 1-800-926-7926

This CLE course will provide guidance for counsel to companies involved in renewable energy projects on the risks and benefits of corporate power purchase agreements (PPAs) as well as PPA structures. The panel will discuss financing renewable energy projects with corporate PPAs and offer best practices to overcome the regulatory and financing challenges and effectively structure corporate PPAs.

Description

While companies traditionally purchase power directly from utilities, in recent years companies are buying power under corporate PPAs directly from independent generators. Corporate PPAs are also being used to finance renewable energy projects.

Corporate renewable PPAs offer substantial benefits, but present risks, including price risk, that must be carefully evaluated in advance. Before entering into a corporate PPA, the parties must determine its structure. These complex agreements raise a number of regulatory, financing and tax challenges.

Counsel to companies must identify and prepare to overcome regulatory and financing challenges to develop effective PPAs.

Listen as our authoritative panel examines corporate PPA structures and financing renewable energy projects with corporate PPAs. The panel will also discuss the regulatory, intercreditor and tax challenges that must be addressed with corporate PPAs.

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Outline

  1. Corporate PPAs
    1. Benefits
    2. Risks
  2. Corporate PPA structures
    1. Standard PPAs
    2. Synthetic PPAs
  3. Regulatory challenges with corporate PPAs
  4. Financing renewable energy projects with corporate PPAs
    1. Intercreditor issues
    2. Tax issues

Benefits

The panel will review these and other key issues:

  • What structures can be used in forming corporate PPAs? What are the challenges of the different structures?
  • How can corporate PPAs be leveraged for financing renewable energy projects?
  • What approaches can parties and counsel use to allocate risks and benefits in the long-term contract?

Faculty

Robert Eberhardt
Robert Eberhardt

Partner
Chadbourne & Parke

Mr. Eberhardt’s practice focuses on the North American power industry. His clients include investors, lenders and...  |  Read More

Eli M. Katz
Eli M. Katz

Partner
Chadbourne & Parke

Mr. Katz focuses on providing tax, legal and commercial advice to a broad range of clients in the energy and financial...  |  Read More

Robert F. Shapiro
Robert F. Shapiro

Partner
Norton Rose Fulbright US

Mr. Shapiro’s practice focuses on the areas of project finance and energy. He represents industrial firms and...  |  Read More

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