07 – 08 December 2021 |Virtual
Following this extensive consultative process, the three institutions set out to establish the current gaps preventing larger scale deployment of renewables in the region as input to an Action Plan to implement the PACE initiative in IRENA’s Work Programme, and within this framework, are organizing this regional capacity building activity on the use of Open Solar Contracts (OSC).
As the participating countries are seeking to implement fast track power sector development plans, with an emphasis on utility scale wind and solar projects, IRENA has been requested to support this plan by offering capacity building regarding the design of power purchase agreements (PPAs) and identify risk mitigation tools.
IRENA and Terrawatt Initiative (TWI) teamed up on the OSC initiative since 2017 to support the rapid and widespread scale-up of solar energy. OSC provides freely available standardised contract documentation designed to streamline project development and finance processes for solar PV projects. The model agreement templates that comprise OSC are products of a rigorous and collective process involving key market-leading energy stakeholders. Backed by several top-tier law firms, the initiative aims to decrease transaction costs, shorten project development timelines and facilitate balanced risk allocation. To implement this project, Terrawatt Initiative and IRENA collaborated with more than 30 leading development banks, law ﬁrms and industry associations and in particular, the model PPA and Implementation Agreements are two examples of "tools" that are publicly available.
Objective of the Workshop
The overarching objective of the workshop is to empower the participants with the practical skills and confidence to utilise the OSC and to have a strong position and understanding when using the OSC in the procurement of affordable solar power. At the completion of the workshop the attendees should have the practical skills and knowledge to clearly identify and mitigate contractual risks and to defend the contractual position of their respective Governments in the procurement of affordable solar energy and to prepare an OSC set of Implementation Agreement and PPA for their countries.
The capacity building workshop will be realized as a two-day online workshop, on 7-8 of December 2021, with the agenda detailed below. The workshop will include a combination of informative presentations, case study analyses, interactive exercises and question and answer (Q&A) discussion sessions.
The first day will start with an introduction to the OSC and will focus on identification of potential risks in a PPA and implementation agreement, and subsequently how the implementation agreement and the PPA can mitigate those risks. The participants will have the chance to learn how to build a multistakeholder dialogue and cooperation to reduce costs and increase value in affordable solar power procurement, understand contingent liability notion and impact, as well as evaluate the impact of non-sale risk and how to avoid transforming risk of loss into certainty of loss.
At the end of the first day the participants will be tasked to read through the OSC carefully in order to prepare for the second day where the acquired learnings will be applied to discuss PPAs and implementation agreements of their own countries.
During the second day, through an interactive discussion, the participants will discuss and propose amendments to the OSC, work out improvements and design an implementation pathway.
The proposed participants will be delegates from the participating jurisdictions, who are involved in the “day-to-day” negotiations and strategy in relation to the procurement of solar energy. The workshop will be geared to the foregoing rather than senior management.
Closed event (by invitation only)