Attorney Kim Seong-woo of Law Firm Solaris attended as a speaker at the ‘PV_PPA Korea’ conference held at Ilsan KINTEX and presented legal risk management measures for the direct power trading system (PPA).
At this event, held under the theme ‘RE100 Smart Industrial Complex Solar Power Generation and High-Profit PPA Business Strategy,’ Attorney Kim Seong-woo gave a presentation titled ‘A to Z for Stable PPA Business Promotion and Operation.’ Attorney Kim clearly classified complex contract structures such as third-party PPA, direct PPA (On·Off-Site), and VPPA, and provided an in-depth discussion of key dispute issues arising in practice, including supply chain management obligations, surplus power generation and REC handling, and the withdrawal of contracting parties. In particular, he emphasized the importance of proactive legal review, saying, “As long-term contracts of 20 years or more have become common for PPAs, prior contract structuring and the preparation of substitute party clauses are the keys to a stable business.”
As the PPA market for companies seeking to achieve RE100 is growing rapidly, the need for accurate legal guidelines is also increasing amid a diversifying power market structure. Law Firm Solaris leverages its deep expertise in renewable energy and the power market to provide optimal legal advice so that corporate clients can achieve successful and stable energy transition.