After financial matters, we can now consider the final area of core principles involved in developing sustainable energy projects that is to say the legal aspects to consider and how one manages risk.
The Project Agreements
There are three main “foundation” agreements that the Project Company enters into that fit best with project finance and renewable energy projects:
i. Offtake agreement or Power Purchase Agreement (PPA)
ii. Availability-based contract
iii. Concession Agreement
It is conceivable that the final contract contains provisions for all three types of agreement listed above. For example, a concession ...
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