Power Purchase Agreements

Everything you need to know about PPAs from a legal and project finance perspective.

Power Purchase Agreements have evolved rapidly in recent years, barely keeping pace with the accelerating changes in technology and in the power markets.

This course guides participants through the full range of PPA structures from the traditional utility/IPP model to increasingly prevalent corporate and synthetic PPAs and provides participants with a detailed explanation of their preparation, negotiation, application and use in today’s markets.

The first half of the course focuses on the classic form of (utility) PPA , moving on to the energy transition and the role of renewable PPAs , whilst the second half focuses on the core principles and treatment of different risks in corporate PPAs.

The course is reinforced throughout by practical examples from actual transaction documentation and real life case studies, including a review of the EFET (European Federation of Energy Traders) standard form of corporate PPA.

On completion of the course, participants will be equipped with a clear understanding of:

  • Different types of PPA and their usage in various markets today;
  • How PPAs can mitigate risk and facilitate project financing;
  • Core legal provisions of PPAs and how they are applied in practice;
  • The drafting and key negotiation points in PPAs, both in the utility model and corporate PPA form
  • The development of new products (e.g. from the insurance market) and how these operate alongside corporate PPAs.

The course is run as a one day classroom tutorial or as two half day live webinar sessions and is led by Calvin Walker, who shares his knowledge gained from over 25 years’ experience at two major international law firms, where he advised as lead partner on multiple international power project finance transactions.