Title: Terms of Reference: Technical Due Diligence Wind Power Project

Languages: English

Type: Document

Region: Latin America and Caribbean

Country: Uruguay

Sectors: Energy and Power

Topics: Climate-Smart

Keywords: Due diligence, Wind power, Climate Smart, Energy and Power, Energy and Power Core

Document(s):

Terms of Reference: Technical Due Diligence60.82 KB, Terms of Reference: Technical Due Diligence (pdf)254.05 KB

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Document Summary:

For other information on  wind energy projects, please visit our Wind Power Energy page which provides sample laws and regulations, power purchase agreements, sample terms of references and handbooks.

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Document Details:

I.          Project Background

1.1         The [Lender] (“LENDER”) is considering providing limited recourse long term financing for the development, construction and operation of a 65 MW wind farm (the “Project”).

1.2         The Project is been developed by [*] (the “Sponsor”) which has established a special purpose company (“Project Company”) for the sole purpose of owning and operating the Project. 

1.3          Project Company has entered into three separate 20-year power purchase agreements (“PPA”) with the National Electricity Company (“OFFTAKER”), the state-owned, vertically integrated electricity company for selling all energy produced by the Project.

1.4          Project Company is expected to enter into an EPC Contract with [*] (the “EPC Contractor”) for the construction of the Project and into an Operation and Maintenance Contract with [*] (the “O&M Contractor”). EPC Contractor and O&M Contractor are both controlled by the Sponsor. For additional information about the expected contractual structure refer to Annex A of this TOR.

1.5          The Project will consist of 44 - 1,5 MW wind turbines, which will be produced by EPC Contractor in its manufacturing facilities.

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Updated: October 27, 2021