Special update — synthetic power contracts - .PDF file.
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’.
Click on the link above to download the briefing from Chadbourne & Parke.