Propelling Efficient Risk-Sharing For Wind Farms

Law360, New York (December 22, 2011, 1:56 PM ET) -- Despite recent economic, technical and regulatory challenges, the wind energy industry in the United States has grown tremendously over the past decade.

Even with this growth and the accumulation of much experience, one frequent hurdle to launching new projects quickly is late-starting, long-lasting and inefficient negotiation of design and construction contracts.

Parties often begin negotiations after design and/or construction work is already underway, leaving everyone in a difficult negotiating position. As a result, difficult negotiations may produce ad-hoc documents that are inappropriate for the particular project....
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