Agreement Synopsis, Context and Review

EXCERPT

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”).

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. 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. 

This Toolkit aims to support planners, developers, consultants and other interested parties with planning policies which require renewable energy in new developments or major refurbishments. It gives an insight into the cost benefit analysis of installing renewables, information on successful case studies and suggestions on how problems can be overcome. This Toolkit is designed for London but is a great source of general information.

Example of Power Purchase Agreement (PPA) for Wind Project on US Department of Energy's Website (2002) -  Example power purchase agreement developed by US Department of Energy for wind power plant. This document is drafted from a government standpoint and power producers might seek to negotiate some of the provisions. Purchaser is to purchase entire energy output of the Wind Turbines. Chargingis based on actual energy produced.