Offtake Contractcompensationperformance bondingterminationdispute resolutionexcusing causescompensation eventsThe Project Contracts provide a basis for the Project Company's construction and operation of the project. The most important of these is the Project Agreement ( i.e. the contract that provides the...
This creates significant risks during the construction phase, as the only revenue stream might come from anofftake agreementor power purchase agreement. Because there's limited or no recourse to the project’s sponsors, company shareholders are typically liable up to the extent of their investment....