Negotiating Financeable Alternative Energy PPAs

Law360, New York (January 20, 2010, 12:38 PM EST) -- Despite significant incentives, including tax benefits, loan guarantees, portfolio standards, and political and public image pressures, to promote the financing and development of industry-scale alternative energy generation projects, securing predictable cash flows continues to be one of the most important factors in obtaining financing for such projects.

The power purchase agreement (PPA) for the power facility most often is the project document that provides the contract terms governing these cash flows. Negotiating a financeable PPA often remains necessary even where other credit enhancements, such as a...
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