Project Development Agreement


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Project Development Agreement
Project Development AgreementA project development agreement (PDA), or project collaboration agreement is entered into by parties willing to codevelop a project by sharing costs, revenues, or equity ownership of the project. It is basically a letter of intent stating details about the project and how to proceed with its development and management of the special purpose vehicle that will own the project.After the usual "by and between" and "whereas," the "purpose" sections, emphasis is placed on the respective tasks to be accomplished to reach the purpose. Only to provide an example for the "scope of works" section, due to the many different kind of projects that can be covered by a PDA, on…
Citation
Gabriele Zini: Green Electrical Energy Storage: Science and Finance for Total Fossil Fuel Substitution. Project Development Agreement, Chapter (McGraw-Hill Professional, 2016), AccessEngineering Export