Special update — synthetic power contracts
Renewable energy projects traditionally attract financing only after securing a long-term contract to sell the electricity to a credit-worthy offtaker at a relatively fixed price. The project development is hard enough, but in today’s market finding a power contract is becoming exceedingly difficult. A developer can ordinarily expect a financier to lend or invest only against ‘contracted revenues’.
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The June 2013 edition of Chadbourne & Parke’s Project Finance Newswire is available now.
The New York State Department of Labor recently published proposed regulations addressing employer deductions from employee wages.