26 MAY/JUNE 2017 RENEWABLE ENERGY WORLD
Sun rising on wind farm.
Credit: Blattner Energy.
pressure on prices, this can
result in low market willingness to invest in a colo-cated project. Often, a fully
wrapped engineering, procurement, and construction
contract, with a strong warranty (including credit support) behind it, is needed to
receive fnancing for co-located storage projects. Developers should be sure to address
all of the foregoing issues, as
each will be reviewed critically by potential investors and
other project participants.
This is not to say that wind,
Finally, when new solar and wind power plants are being pro-
posed and negotiated, it would be wise for developers to consider
including a provision about adding energy storage to the project
within the PPA and the interconnection agreement so that down
the road, should these opportunities arise, the complications will
not outweigh the benefts. à
Becky Diffen and Nelli Doroshkin are attorneys with McGuireWoods’ Energy Industry Team.