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Corporate Solar PPA
"I need a Corporate Solar PPA for a 5MW rooftop installation on our Dubai manufacturing facility, with construction starting March 2025 and including battery storage capabilities."
1. Parties: Identification of the Generator/Seller and the Corporate Buyer, including their legal details and authorized representatives
2. Background: Context of the agreement, including project overview and parties' objectives
3. Definitions and Interpretation: Comprehensive definitions of technical, commercial, and legal terms used throughout the agreement
4. Sale and Purchase Obligations: Core obligations regarding the sale and purchase of electricity, including minimum purchase commitments
5. Term and Termination: Duration of the agreement, conditions for renewal, and termination rights
6. Construction and Installation: Requirements and timeline for constructing and installing the solar facility
7. Testing and Commissioning: Procedures for testing the system and achieving commercial operation
8. Operating Requirements: Standards for system operation, maintenance, and performance
9. Metering and Billing: Specifications for measuring electricity delivery and billing procedures
10. Price and Payment: Tariff structure, payment terms, and adjustment mechanisms
11. Performance Guarantees: Guaranteed output levels and remedies for underperformance
12. Force Majeure: Definition of force majeure events and consequences
13. Insurance: Required insurance coverage for both parties
14. Representations and Warranties: Standard and specific warranties from both parties
15. Liability and Indemnification: Allocation of risks and responsibilities between parties
1. Grid Connection: Required for off-site installations, covering grid connection requirements and responsibilities
2. Environmental Attributes: Include when trading of renewable energy certificates or carbon credits is part of the agreement
3. Battery Storage: Required when the system includes energy storage components
4. Islamic Finance Provisions: Include when the agreement needs to be Sharia-compliant
5. Change in Law: Include detailed provisions when regulatory framework is uncertain or evolving
6. Site License: Required for on-site installations where the generator needs rights to use the customer's property
7. Buyout Options: Include if the corporate buyer has the option to purchase the system during or at the end of the term
1. Technical Specifications: Detailed technical description of the solar PV system and components
2. Site Description: Details of installation location, including layout plans and access rights
3. Testing and Commissioning Procedures: Detailed procedures for system testing and acceptance
4. Performance Standards: Specific performance metrics, including minimum generation guarantees
5. Tariff and Payment Calculations: Detailed pricing formula and payment calculations
6. Form of Performance Security: Template for performance bonds or bank guarantees
7. Operating Procedures: Detailed procedures for system operation and maintenance
8. Metering Specifications: Technical requirements for metering equipment and procedures
9. Required Permits: List of required governmental and regulatory approvals
10. Form of Direct Agreement: Template for lender's direct agreement if project financing is involved
Authors
Energy & Utilities
Manufacturing
Real Estate & Construction
Retail & Commercial
Healthcare
Education
Hospitality & Tourism
Industrial & Logistics
Technology & Data Centers
Financial Services
Legal
Procurement
Facilities Management
Finance
Operations
Risk & Compliance
Sustainability
Technical Operations
Environmental
Commercial
Chief Sustainability Officer
Energy Manager
Facilities Director
Chief Financial Officer
Legal Counsel
Procurement Manager
Technical Director
Operations Manager
Risk Manager
Sustainability Manager
Commercial Director
Project Manager
Environmental Compliance Officer
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