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As corporates continue to be challenged, to develop and deliver on sustainability goals, and seek to hedge electricity prices in an extraordinarily volatile market, global corporate PPA volumes continue to soar despite the economic fallout caused by COVID-19.

With the global market for corporate PPAs rapidly evolving and becoming more complex, both existing and new buyers have sought to come to grips with the range of new deal and buyer structures, regulatory complications, cross-border issues and shifts in risk profile.

Session 1: Evolution and 2021 Outlook of the Global Corporate PPA Market

Session 1 of this series provides an overview of corporate PPA trends, structures and risk issues from a truly global perspective. This session is perfect for new market participants and those wanting to understand where the market is heading in 2021. Topics include:

  • How corporates are leveraging the corporate renewable PPA market to achieve their green/sustainability goals.
  • How the global market fared in 2020 and where it appears to be going in 2021.
  • How deal structures, pricing and risk allocation are changing in the low energy price / COVID-19 environment.

Session 2: Corporate PPA Structures and Regulatory Issues

Session 2 provides a more detailed discussion on new deal and buyer structures and how they are adapting to rapid shifts in global regulation.
Topics include:

  • How deal structures evolved during 2020 and are expected to change in 2021.
  • How global economic conditions and volatile energy prices have led to change in buyer structures.
  • How increasingly complex financial models can create challenges for regulatory compliance.
  • Other regulatory issues in the main corporate PPA markets including cross-border issues.

Session 3: Corporate PPA Pricing and Risk Allocation

Session 3 provides a more detailed discussion on pricing issues and how risk allocation has been changing given global economic conditions.
Topics include:

  • A focus on key pricing issues for new and existing buyers.
  • Key differences in pricing approaches in the main corporate PPA markets.
  • Hot issues in risk allocation for 2021 deals.

Session 4: A Global Buyer’s Guide to Corporate PPAs in Emerging Markets

Session 4 focuses on issues arising out of corporate PPA deals in less developed markets. Topics include:

  • Approaches to finding the right seller.
  • Deal structures, common regulatory barriers and risk allocation from an emerging markets perspective.
  • A snapshot of the corporate PPA market in several select markets of interest for 2021.
Author

Kim Hock Ang is a principal in Baker McKenzie Wong & Leow's Finance & Projects Team, where he focuses on major infrastructure project development and energy projects development (including LNG), from the inception stage where the consortium is formed and investment structure is designed, to the project documentation, financing and sale of such brownfield asset post commercial operation date. Kim Hock has acted in several award-winning projects such as the Sarulla Geothermal Power Project. It is the largest single-contract geothermal power project in the world, and it won Finance Deal of the Year (Project) at the 2015 American Lawyer Asia Legal Awards, among other accolades.

Author

Murray Bowler is a consultant in Baker McKenzie’s Taipei office.

Author

Aylin Cunsolo is a Partner in Baker McKenzie's Energy and Resources in Melbourne.

Author

Martin David is a principal in the Finance and Projects Practice Group at Baker McKenzie Wong & Leow and heads the Projects practice in Asia and Singapore.

Author

Claire Dietz-Polte ist Counsel bei Baker & McKenzie Partnerschaft von Rechtsanwälten und Steuerberatern mbB

Author

Marc Fèvre's practice spans project development, financing and secondary market transactions in the energy and infrastructure sectors. He has over 14 years of experience working in Asia, Europe, Africa and the Middle East and is recognised in his field by legal directories including Legal 500 and Chambers & Partners.

Author

Clyde E. Rankin, III is a member of the Firm's North America Transactional Practice Group based in the New York office and is Chair of the North America Projects Practice. Mr. Rankin is fluent in French. He has been named one of the Best Lawyers in America from 2006 - 2021 and is highlighted in Legal 500 US 2010, 2011, 2015 and 2017-2021 for his work as an advisor to sponsors in project finance and renewable energy. He has also been named a New York Metro Super Lawyer from 2014-2021. Prior to joining Baker McKenzie in 2005, Mr. Rankin served as the ninth chairman of Coudert Brothers LLP.

Author

Masahiro Tanabe is a member of the Projects Group in the Firm's Tokyo office. He has over 15 years of legal experience in Japan and overseas. He is admitted to practice law in both Japan and New York. He was raised in the United States and is fluent in English.

Author

Ines Vazquez is a partner in Estudio Echecopar. Prior to joining the Firm, she was the head of Latin America Power's Legal Department for two years, during which she gained wide experience and was exposed to transactions in multiple jurisdictions. She has worked on privatization and concession procedures in the electric power sector for private clients, as well as in bidding processes of public services concessions in general. She also has a solid background in corporate law, mergers and acquisitions, financing, and has participated in several acquisition transactions and sale of companies, assets and shares participations, including mergers, spin-offs, reorganizations and other structures, both domestic and international. Additionally, Ines has contentious and non-contentious construction practice based on domestic and international arbitration, advising both private and state owned companies.

Author

Mike Webb is a senior associate in Baker McKenzie's Banking & Finance Practice Group. He has published several articles relating to renewable energy, foreign investment matters and land rights. Mike is a founding member of the Future Leaders Network Committee in South Africa, a subcommittee of the International Project Finance Association.

Author

Kieran Whyte is a partner in the Baker McKenzie's Johannesburg office. He has over 25 years' experience working in South Africa and Africa, with particular focus on energy and infrastructure projects. Kieran represents project sponsors, developers, contractors and lenders in complex greenfield and brownfield developments, advising on citing, permitting and regulatory concerns. He has advised on numerous first-in-kind projects associated with the South African government's Renewable Energy Independent Power Producers Procurement Programme. Kieran is experienced in all aspects of project development and is recognized in his field by legal directories including Chambers and Legal 500.