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The event seeks to address the necessary steps and requirements in preparing for and negotiating a viable power purchase agreement (‘PPA’). The presentation will examine the key issues in the PPA from the perspectives of the developer, counsel and utility company. Whether the utility is considering solar, wind, biomass, renewable natural gas or other forms of distributed energy, the key legal agreement between the parties is the PPA, which forms the foundation of the agreement for the developer to provide energy and the utility to procure that power.
These are agreements that often last 15 to 25 years and need to provide a clear recitation of the parties’ legal obligations, but also provide a measure of flexibility to account for likely changes to the regulations, environment and parties over that timeframe. The utility and its leadership team negotiating PPAs must understand the key terms geared to different renewable energy sources as well as responding to changes in the law and market pressures. We will discuss these key terms, adapting the PPA to each type of renewable energy, as well as strategies for effectively negotiating the agreement.
To join us at this event from 24-25 March, 2021 at the Hyatt Regency in Trinidad contact our Training Services Department today for further information on how you can register and attend at training@carilec.org or visit www.carilec.org/events.
Contact us at training@carilec.org if you have any questions.
Phyllis J. Kessle
Duane Morris LLP
Patrick L. MorandPhyllis J. KessleDuane Morris LLPPatrick L. MorandDuane Morris LLP, Law Firm
About Trinidad
Trinidad and Tobago is a dual-island Caribbean nation near Venezuela, with distinctive Creole traditions and cuisines. Trinidad’s capital, Port of Spain, hosts a boisterous carnival featuring calypso and soca music. Numerous bird species inhabit sanctuaries such as the Asa Wright Nature Centre. The smaller island of Tobago is known for its beaches and the Tobago Main Ridge Forest Reserve, which shelters hummingbirds. It shares maritime boundaries with Barbados to the northeast, Grenada to the northwest, Guyana to the southeast, and Venezuela to the south and west.
CLIMATE
The climate is tropical. There are two seasons annually: the dry season for the first five months of the year, and the rainy season in the remaining seven of the year. Winds are predominantly from the northeast and are dominated by the northeast trade winds.
CURRENCY
The local currency is the Trinidad and Tobago dollar. US dollars are widely accepted at an approximate rate of TT $6 to US $1 and you can find rate information at local banks, or the daily newspapers. Euro’s and the Pound Sterling (GBP) are not as widely accepted as US dollars. Traveller’s cheques and international credit cards are accepted at most hotels, restaurants and malls. ATM machines are located at the airport, banks, malls, cities and towns.
LANGUAGES
English is the country’s official language (the local variety of standard English is known as Trinidadian English), but the main spoken language is either of two English-based creole languages (Trinidadian Creole or Tobagonian Creole) which reflects the Indian, African and European (including Spanish) heritage of the nation. Both creoles contain elements from a variety of African languages; Trinidadian Creole, however, is also influenced by French.
ELECTRICITY
The electrical supply is 110/220 volts AC, 60Hz US pattern twin plus earth plugs are standard.
IMMIGRATION SITUATION ALERT FOR CONVID-19
TRINIDAD AND TOBAGO – published 07.02.2020
– This does not apply to nationals of Trinidad and Tobago.
– This does not apply to passengers who reside in Trinidad and Tobago