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Corporate PPA Template for Australia

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Key Requirements PROMPT example:

Corporate PPA

"I need a Corporate PPA template for a manufacturing company looking to purchase 100% renewable energy from a solar facility in Victoria, with operations starting March 2025, including provisions for LGC transfers and a minimum 10-year term."

Document background
The Corporate PPA template is designed for use in the Australian market where large corporate energy users increasingly seek to secure long-term renewable electricity supply at predictable prices while supporting their sustainability goals. This document type has evolved to address the specific requirements of the Australian National Electricity Market (NEM) and state-based regulatory frameworks, incorporating essential commercial and technical provisions required for direct energy procurement. The agreement typically covers energy pricing mechanisms, volume commitments, environmental attributes (such as Large-scale Generation Certificates), risk allocation, and performance standards. It is particularly relevant in the context of Australia's renewable energy transition and corporate sustainability initiatives, providing a framework for direct commercial relationships between generators and corporate buyers.
Suggested Sections

1. Parties: Identification of the contracting parties - typically the generator/seller and the corporate buyer

2. Background: Context of the agreement, including facility details and purpose of the PPA

3. Definitions and Interpretation: Comprehensive definitions of terms used throughout the agreement and interpretation rules

4. Term and Conditions Precedent: Duration of the agreement and any conditions that must be met before the agreement becomes effective

5. Sale and Purchase Obligations: Core obligations regarding the sale and purchase of electricity and/or environmental attributes

6. Price and Payment Terms: Pricing structure, payment mechanisms, and billing procedures

7. Metering and Settlement: Requirements for measuring electricity output and settling payments

8. Performance Requirements: Generation commitments, availability guarantees, and performance standards

9. Connection and Delivery: Arrangements for grid connection and electricity delivery

10. Force Majeure: Events excusing performance and associated procedures

11. Default and Termination: Events of default, cure periods, and termination rights

12. Liability and Indemnities: Allocation of risks and responsibilities between parties

13. Dispute Resolution: Procedures for resolving disputes between parties

14. Confidentiality: Protection of confidential information and permitted disclosures

15. General Provisions: Standard boilerplate clauses including notices, assignment, and governing law

Optional Sections

1. Environmental Products: Detailed provisions for renewable energy certificates and other environmental attributes, used when these are part of the transaction

2. Change in Law: Provisions addressing regulatory changes, included when operating in volatile regulatory environments

3. Insurance: Specific insurance requirements, included for larger or higher-risk projects

4. Security: Credit support and security requirements, included when required by either party's risk assessment

5. Forecast and Reporting: Generation forecasting obligations, included when specific reporting requirements are needed

6. Operating Committee: Establishment of joint committee for operational decisions, included for complex or large-scale PPAs

7. Development and Construction: Included when the generating facility is not yet operational

8. Market Participation: Rules for participating in electricity markets, included when relevant to the commercial structure

Suggested Schedules

1. Facility Description: Technical specifications of the generating facility

2. Pricing Schedule: Detailed pricing mechanisms, calculations, and adjustments

3. Testing and Commissioning: Procedures for facility testing and commissioning

4. Operating Parameters: Technical and operational requirements for the facility

5. Metering Specifications: Technical requirements for metering equipment and procedures

6. Form of Performance Security: Template for any required performance bonds or guarantees

7. Generation Forecasting: Requirements and procedures for generation forecasting

8. Contact Details: Key contact information for both parties

9. Approved Subcontractors: List of approved contractors for facility operation

10. Form of Direct Agreement: Template agreement for financier step-in rights

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
































































Clauses








































Relevant Industries

Energy & Utilities

Manufacturing

Mining

Data Centers & Technology

Industrial Processing

Retail

Commercial Real Estate

Healthcare

Education

Telecommunications

Agriculture

Food & Beverage

Relevant Teams

Legal

Procurement

Sustainability

Finance

Risk Management

Operations

Environmental Compliance

Energy Management

Facilities Management

Treasury

Corporate Strategy

Relevant Roles

Chief Sustainability Officer

Energy Procurement Manager

Legal Counsel

Commercial Manager

Sustainability Manager

Risk Manager

Chief Financial Officer

Procurement Director

Environmental Compliance Officer

Operations Manager

Energy Trading Manager

Contract Manager

Project Manager

Facilities Manager

Chief Operating Officer

Industries










Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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