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

Languages: English

Type: Document


Region: Latin America and Caribbean

Country: Global / Non-Specific

Sectors: Energy and Power

Topics: Climate-Smart

Keywords: Due diligence, Wind power

Document(s):



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 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. 

 

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

 

Tracking Number: TechnicalDueDiligenceWind_Undated_English


Updated: February 2, 2021