The global power markets are rapidly evolving and transitioning towards ever-increasing quantities of clean energy - bespoke power purchase agreements allow both IPP power producers and buyers to obtain long-term security to sell and buy renewable energy. For both generators and buyers of renewable energy (including corporates, industrialists and grid operators) power purchase agreements need to really address their individual circumstances and risks.

Buyers want to minimize their exposure to volatility and price rises and this has led to a huge rise in the contracting of so-called ‘Corporate PPA’ and Financial/Virtual PPA. It is a mission-critical agreement and as a result, we have developed a highly specific course that provides deep insights into the analysis, application and negotiation of PPAs, their contractual context and insights from the expert trainer’s deep library and knowledge of the latest best practice.

 

 Leave this course with a comprehensive understanding of the components of PPAs

 Put PPAs in the context of the wider contractual framework

 Learn the best financial practice when working with PPAs

 A step-by-step guide of the basic types and key features of corporate PPAs

 Analysis case studies and best practice

 Put everything you learn into practice the very next day

Dec

03

Dec

04

Dec

05

DAY 1 OUTLINE
09:00 - 17:00

BASIC TYPES AND KEY FEATURES OF PPAS

The overall structure of a PPA
PPA definitions
PPA milestones and delays
Impact of dispatchable and non-dispatchable power technologies

 

AN OVERVIEW OF PROJECT FINANCE

The rationale for project finance
PPA and fit into the overall project set-up
The role of the Special Purpose Vehicle
Stakeholder and risk sharing within project finance
What lenders understand as being a “bankable project”
Cash flow waterfall and debt service cover ratio
Lender rights under a PPA

 

FINANCIAL PPA PROVISIONS

Tariff structures and escalators
Levelised cost of electricity
Capacity and energy charge
Daily and seasonal weighting factors in a PPA
Fixed-price PPA and escalators

YOUR TRAINER
CHRISTIAN ERICH GRUTTE

 

 

Christian is an independent financial advisor with some 18 years’ experience in the power & renewable sector. He started out his career in a leading North European Strategy Consultancy, where he made substantial contributions to build the energy practice within the firm. He developed and implemented innovative distributions concepts for utility clients to face the competitive challenges of the newly liberalized German electricity market. In 2002, anticipating the tectonic shifts to arrive in the energy sector by renewables, Christian decided to set-up his own advisory boutique to serve exclusively the renewable energy sector.

In the following years, Christian, supported world leading Utilities, IPPs and Private Equity Investors, such as Iberdrola, AES, RWE, OMV, Englefield Capital and Hudson Clean Energy Partners to thoroughly assess international market opportunities and successfully assemble project portfolios across mature and emerging European renewable markets.

SECURE YOUR PLACE ON THIS COURSE

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If you have an enquiry about our in-house training you can contact Business & Development Manager, Jonathan Hull.

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