30 Aug '12, 1pm

Document Standardization: It's Not Just for Pencil Pushers Anymore

Document Standardization: It's Not Just for Pencil Pushers Anymore

Currently, power purchase agreements (PPAs), site leases, requests for proposals (RFPs), permits, and the rest of the project paperwork is mostly drawn up on an ad hoc and per-project basis. Conducting the necessary due diligence for each of the myriad of counterparties, including utilities, financiers, regulators, and legal entities, is time consuming and costly for developers, even if they have larger project pipelines and the ability to aggregate these efforts. Standardizing each of these documents (while still allowing for local variations in laws, markets, and geographies) and making them available to developers for a flat fee could help to mitigate a number of these transactional expenses, headaches included. The benefits of document standardization would extend beyond developers to span the value chain. From an insurer's perspective, if a project can furnish documen...

Full article: http://www.renewableenergyworld.com/rea/news/article/2012...

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