Understanding Power Purchase Agreements (Comprendre les contrats d’achat d’électricité)

This handbook is intended to provide an overview of PPAs and the obligations, risks and remedies that are found within them. Our group of authors, all whom contributed their time on a pro-bono basis, includes contributors from governments, development banks, private banks and leading international law firms. Our hope is that by providing perspectives from all sides of the PPA negotiation process, we can present the reader with a balanced understanding of the challenges involved in PPAs and an insight into the practical reality of overcoming these challenges when negotiating these complex agreements. More than anything, we want to communicate to the reader that the key to a successful PPA is to abandon the assumption of an adversarial process and to adopt instead a strategy of cooperation and coordination. It is only through this balanced approach that the risks can be mitigated and the rewards realised for all parties involved.

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