Request for Proposals (RFP) for Renewable Energy Prepayment Program
Clean Power Alliance of Southern California is structuring a 30-year renewable energy prepayment transaction with bond financing, seeking a financial institution to serve as the prepaid electricity supplier and coordinate bond underwriting through a conduit issuer. The transaction targets Q4 2022 close and will involve the selected supplier securing bond issuance to fund upfront prepayment for renewable energy delivery. This engagement requires deep expertise in renewable energy procurement structuring, public finance, and long-term power supply agreements.
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AI overview
Clean Power Alliance of Southern California (CPA) is seeking proposals from qualified and experienced financial institutions to structure and market a renewable energy prepayment transaction through a conduit issuer (California Joint Powers Authority or other public entity). The selected Prepaid Supplier will submit a proposal to become a prepay supplier for CPA's transaction and must include bond underwriting and other related support services, including legal support. The Prepaid Supplier and Bond Underwriter will enter into definitive agreements with the Issuer, who will sell bonds for the purpose of prepaying the Prepaid Supplier for a 30-year supply of renewable energy. CPA will enter into a pay-as-you-go power purchase agreement with the Issuer. The objective is to close the transaction in Q4 2022. The prepayment transaction will involve the selected supplier submitting a proposal for prepaid electricity supply, with bond underwriting services to support the issuance of bonds by a conduit issuer.
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Proposal Document
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