Region: Latin America and Caribbean
Country: Global / Non-Specific
Sectors: Energy and Power
Keywords: Climate Smart, Renewable Energy
Document(s):
Power Purchase Agreement Template330 KB, Operation & Maintenance Agreement Template282.5 KB, Interconnection Agreement Template288.5 KB, Engineering, Procurement & Contracting (EPC)657.5 KB
Document Summary:
Typically, a developer seeking RET project financing approaches a lender with a package that includes a fairly common slate of fundamental transaction documents. They may range from complex plans for a facility using a novel technology to simple (but important) term sheets for the deal or a loan.
Document Details:
The purpose was to identify the most important of those documents and to replicate, in templates for those documents, the critical elements of a proposed transaction package.
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Template Transaction Documents
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| Engineering, Procurement & Contracting (EPC) |
For RET equipment, manufacturers may offer the best deals, using their own standard agreements. Such manufacturer's deals may be fixed price, turnkey contracts with favorable financing terms.
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| Interconnection Agreement Template |
Interconnection with the grid of the purchasing utility is a precondition to delivery of RET project energy and the resulting revenue stream. |
| Operation & Maintenance Agreement Template |
Local maintenance of RET projects is a worthwhile goal, but manufacturer support is more practical, and would typically be done under a standard contract.
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| Power Purchase Agreement Template |
This is the most important document in gaining financing and may contain prices based on avoided costs or fixed capacity and energy prices.
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Updated: March 23, 2021