Power Purchase Agreements

Location: IWEA Training Facility
Duration: 1 Day
Course Date: Wednesday, 05 September 2018
Registration: 9am. Course times 9.30am to 5pm. Lunch and Refreshments will be provided
Course Cost
Company Member: €400
Non Company Member: €560

Course Overview

The Irish power market is undergoing a period of significant change, with the introduction of a new set of market arrangements in the form of the Integrated Single Electricity Market (I-SEM).

Under I-SEM, generators will need to find a route to market for their power, and will be faced with new risks – notably, balance responsibility and imbalance costs. Power Purchase Agreements (PPAs) are a key route to market and risk management tool – particularly for renewable generators such as wind and solar.

This comprehensive course will provide a grounding in PPAs – the different contract types, their structure and key terms, risks and benefits, pricing, their current / future application in Ireland and their negotiation. We will draw on our significant experience in the PPA market to provide real world examples and insights.

Course Objectives

  1. Understand the risks and trading requirements for generators, and especially wind / solar, in Ireland
    Understand the role of a PPA in providing a route to market and managing risk
    Understand different PPA contract types, their risks and benefits
    Understand the key terms of a PPA
    Understand how a PPA is priced, on both sides of the contract
    Understand the current / future PPA market in Ireland
    Understand how to obtain and negotiate a PPA

Who should attend

Asset owners and developers, utilites, investors, potential lenders, traders, technology suppliers, advisors.

Course Content

  1. Introduction to I-SEM and market risk
    Routes to market and risk management options
    PPA contract types and risks
    Key terms in a PPA contract
    PPA pricing
    Outlook for the PPA market
    How to obtain and negotiate a contract
    Conclusions / Q&A

Course Trainers

The proposed trainers for this course are Dr Mark Turner and Eamonn Boland. Mark is a seasoned market advisor and expert in I-SEM and DS3. Mark has led Baringa’s work on routes to market in the All Island market and has experience on both sides of the contracts, and with corporate PPAs.
Mark is experienced in running PPA procurement processes, and in supporting parties through the negotiation process.

Eamonn Boland leads much of Baringa’s transaction advisory work, and in that context has advised multiple parties on routes to market, including PPAs, across European markets. Eamonn also works with leading trading houses, utilities and PPA providers in GB and Ireland to structure novel offtake contracts.