20–23 Jul · London 2–5 Nov · Johannesburg 4 Days Virtual / Classroom
About This Course
Course Overview
More than 70% of the $2 trillion required each year in global energy investment either comes from state-directed entities or receives a full or partial revenue guarantee — typically in the form of a Power Purchase Agreement. Bankability of PPAs is especially challenging as most electricity demand growth takes place in emerging countries with questionable offtaker creditworthiness.
This four-day PPA workshop draws on a database of over 100 PPAs from across the world covering all types of power generation technologies. The course examines not only complex contractual clauses within the commercial agreement, but also the power sector and country context embedding the foreign-invested IPP — including the credit enhancement instruments often required to reach financial close.
Delegates discuss a wide range of country and project case studies from emerging markets, compare them with international experience, and undertake hands-on exercises including thorough reading and analysis of real legal documents. Available in English, Spanish, French and German.
Programme Content
Key Topics
01
PPA Fundamentals & Project Set-Up
Single-buyer vs wholesale market PPAs; power market structures from unbundling to privatization
Energy system planning, public procurement and tender competitiveness vs unsolicited proposals
The link and importance of the PPA within the overall project set-up
Understanding the link to project finance, lender requirements and debt ratios
Overall PPA structure: commercial terms, Conditions Precedent and risk to bankability
02
PPA Timing, Milestones & Capacity Definitions
PPA timing: from signing to expiry, pre- and post-COD periods
Achieved, declared, contracted and minimum capacity definitions
Testing and handover procedures; declaring Commercial Operation Date
Deemed COD, capacity and energy "as-of" clauses
Delay and Performance Liquidated Damages: calculation and structures
03
Revenue Risk & Post-COD Operations
Metering, delivery point and losses; invoicing and billing procedures
Black, Cold, Warm and Hot start timing and charges
Allowed Grid Unavailability, Curtailment and Deemed Energy provisions
Lenders' step-in rights and Put/Call options buyout pricing methodology
Force majeure, change of law, stabilization clauses and termination rights
04
Bankability & Offtaker Creditworthiness
Key provisions required for a bankable PPA
Offtaker creditworthiness challenges in emerging markets
Credit enhancement instruments: government guarantees, letters of credit
Partial risk guarantees from World Bank, MIGA and other DFIs
Reaching financial close: what lenders need from the PPA
05
Case Studies & Global PPA Database
100+ real-world PPAs from all major power generation technologies
Country and project case studies from emerging markets worldwide
Comparison with international experience in the power sector
Group exercises and thorough reading of legal documents
Blending legal, financial and technical elements throughout
Learning Outcomes
What You Will Learn
By the end of this course, you will be able to:
01Understand the link and importance of the PPA within the overall IPP project set-up
02Analyse a PPA hands-on and understand key provisions and their impact on project financing
03Recognise and mitigate risks through PPA design, including timing/milestones, pre/post-COD obligations, capacity definitions and curtailment/deemed energy provisions
04Evaluate tariff structures (take-or-pay vs take-and-pay, indexation, price collars) and relate them to LCOE, cost of capital and PPA bid strategies
05Identify offtaker creditworthiness challenges and apply credit enhancement instruments
06Identify red flags within the PPA from both seller and buyer perspectives and apply learnings from day one at work
07Understand how PPAs interact with guarantees, insurance, liquidity facilities and other support mechanisms
08Draw on a database of 100+ real-world PPAs to understand global best practice and emerging market realities
Dates & Pricing
Sessions & Fees
Available as virtual sessions (MS Teams / Zoom) and classroom. Also available in Spanish, French and German on request.
Dates
Time Zone
Format
Fee
20–23 Jul 2026
London (GMT) — 9 AM–3 PM
Virtual
£2,200 (+VAT if UK)
2–5 Nov 2026
Johannesburg (SAST) — 9 AM–3 PM
Virtual
£2,200
Classroom Sessions
Various cities — contact us
Classroom
£3,500
Target Audience
Who Should Attend
This course is designed for professionals on both sides of an IPP PPA transaction, particularly those operating in or dealing with emerging market power sectors.
Project Developers & Sponsors
Structuring and negotiating PPA offtake in emerging markets
IPPs, Utilities & Grid Operators
Managing PPA exposure and offtaker risk
DFIs, Lenders & Investors
Development finance institutions, commercial lenders, private equity and institutional investors assessing PPA bankability
Legal, Technical & Insurance Advisors
Advisors and credit/insurance providers supporting PPA negotiations
Government & Regulators
Officials negotiating PPAs with private power investors
Oil & Gas / Petrochemical Executives
Executives engaging with IPP frameworks and power off-take arrangements
Business Developers & Sales Managers
OEM, EPC and O&M teams involved in power project bids
Common Questions
Frequently Asked Questions
What makes this different from the Corporate PPA course? +
This course focuses on IPP PPAs in emerging markets — where offtaker creditworthiness, country risk and credit enhancement instruments are central challenges. It draws on 100+ real PPAs and examines the project finance and country context embedding the PPA, rather than corporate renewable procurement.
What are the 2026 session dates? +
Virtual sessions: 20–23 July 2026 (London GMT, 9 AM–3 PM); 2–5 November 2026 (Johannesburg SAST, 9 AM–3 PM). Classroom sessions available on request.
What is the course fee? +
Virtual sessions are £2,200 per delegate. Classroom sessions are £3,500 per delegate. UK-based sessions are subject to 20% VAT.
Is the course available in other languages? +
Yes. This course is available in English, Spanish, French and German. Contact info@londonpetroacademy.co.uk for details.
Can this course be delivered in-house? +
Yes. All London Petro Academy courses are available as fully customisable in-house programmes delivered at your premises or any location worldwide. Contact j.rogus@londonpetroacademy.co.uk for a tailored proposal.
All London Petro Academy courses are available as fully customised in-house programmes delivered at your premises, virtually, or at any location worldwide.
