1. Home
  2. Terms of Reference: Technical Due Diligence Wind Power Project

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

Language: English

Type: Document

Nature: Terms of Reference (TORs)

Published: January 1, 2024

Region: Latin America and Caribbean (LAC)

Country: Uruguay

Sector: Energy and Power

Topic: Climate-Smart

Keywords: PPPs by Sector *, Energy and Power PPPs **, Uruguay, Climate Smart, Due diligence, Wind power

Document(s):

Document Summary:

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

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.

For more information on renewable energy projects, please visit the following:

  • Agreements for Renewable Energy Projects: Power Purchase Agreements
  • Renewable Energy Resources in Europe - Laws and Regulations

Tracking Number: TechnicalDueDiligenceWind_Undated_English

Image by Pixabay

Updated: