Law firm for PPAs and grid connection agreements
A power purchase agreement and a grid connection agreement shape the relationship between generator, offtaker and network operator for many years, so their value rests on how risk is allocated. Below we set out what such a matter requires of counsel and who leads this area at HWW.
What this matter requires of counsel
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Starts from the transaction structure and the PPA model
A physical contract and a virtual one allocate price and volume risk in different ways. Defining the parties and selecting the settlement model should precede any work on the wording of individual clauses.
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Secures the pricing mechanism and the guarantees of origin
Settlement rules, the pricing mechanism and guarantees of origin drive the economics of the contract for its whole term. Counsel points out which of those provisions call for change before signature.
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Tests the connection agreement against the project schedule
Reading the two documents together helps identify the risk of accepting obligations that cannot realistically be performed.
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Runs the negotiations with the counterparty and with the operator
Counsel maintains a consistent position in both sets of negotiations and prepares the final version reflecting the parties' agreement.
Further described matters are listed under our track record.
What we have written on this topic
- PPAs in practice – a guide for entrepreneurs →
- How does the sale of electricity from photovoltaics work? →
- Electricity grid connection conditions – what should you bear in mind? →
- Refusal of connection conditions – what to do in this situation? →
- New grid connection rules – what do you need to know? →
We confirm the scope and the fee before starting work. A paid consultation is not required.