Relational Contracts in the Renewable Energy Industry: Navigating Good Faith Obligations

What do 'good faith' obligations implied into long-term energy contracts offer and what do they mean in practice?  

This course provides an overview of relational contracts in the context of the renewable energy industry. In the design, construction, and operation of major renewable energy projects, contracts such as EPC, EPCOM, BOOT, O&M, JVs, and others play a crucial role. These contracts involve various stakeholders who invest significant time and resources to ensure the successful delivery of projects. The potential for guaranteed income, often supported by government funds, adds to their appeal. However, it is essential to maximize performance throughout the project's lifecycle.

By the end of this course, you should be able to:

1. Understand the concept of relational contracts and their significance in the renewable energy industry
2. Identify the various contractual structures commonly used in the design, construction, and operation of renewable energy assets
3. Explain the implications of an implied term of good faith in relational contracts and its importance in ensuring successful project delivery