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Power Purchase Contract
"I need a Power Purchase Contract for a 50MW solar facility in Geneva, Switzerland, with delivery starting March 2025, including provisions for renewable energy certificates and carbon credits trading."
1. Parties: Identification and details of the power seller and purchaser
2. Background: Context of the agreement, including facility details and purpose
3. Definitions: Defined terms used throughout the agreement
4. Sale and Purchase Obligations: Core obligations regarding the sale and purchase of electricity
5. Term and Termination: Duration of the agreement and termination rights
6. Delivery Point and Title Transfer: Specification of where electricity is delivered and when title passes
7. Metering and Documentation: Requirements for measuring and recording electricity delivery
8. Price and Payment Terms: Pricing structure, invoicing, and payment procedures
9. Grid Connection and Access: Requirements and responsibilities for grid connection
10. Operating Procedures: Day-to-day operational requirements and procedures
11. Force Majeure: Events excusing performance and associated procedures
12. Representations and Warranties: Standard legal assurances from both parties
13. Liability and Indemnification: Allocation of risks and responsibilities
14. Dispute Resolution: Procedures for resolving disputes
15. Governing Law: Application of Swiss law and jurisdiction
16. Miscellaneous: Standard boilerplate provisions
1. Renewable Energy Certificates: Required when dealing with renewable energy sources and associated certificates
2. Carbon Credits: Included when carbon credits or emissions trading is relevant
3. Construction and Commissioning: Required for new facilities not yet operational
4. Performance Guarantees: Included when specific performance levels are guaranteed
5. Reserve Requirements: Required when backup power arrangements are needed
6. Change in Law: Detailed provisions for regulatory changes when operating in evolving markets
7. Insurance: Detailed insurance requirements when specific coverage is crucial
8. Security Arrangements: Required when payment or performance security is needed
1. Facility Description: Technical details of the power generation facility
2. Pricing Schedule: Detailed pricing mechanisms, calculations, and adjustments
3. Testing and Commissioning Procedures: Technical requirements for facility testing
4. Operating Parameters: Technical specifications for operation
5. Metering Specifications: Technical requirements for metering equipment
6. Form of Direct Agreement: Standard form for lender direct agreements
7. Grid Connection Requirements: Technical specifications for grid connection
8. Performance Standards: Detailed performance requirements and calculations
9. Form of Performance Security: Standard form for any required security instruments
10. Planned Maintenance Schedule: Schedule of regular maintenance periods
Authors
Energy & Utilities
Renewable Energy
Industrial Manufacturing
Mining
Data Centers
Commercial Real Estate
Infrastructure
Green Technology
Agriculture
Telecommunications
Legal
Commercial
Operations
Finance
Risk Management
Regulatory Affairs
Technical Services
Energy Trading
Procurement
Business Development
Sustainability
Project Management
Asset Management
Energy Trading Manager
Power Plant Manager
Commercial Director
Legal Counsel
Regulatory Compliance Officer
Chief Financial Officer
Risk Manager
Operations Director
Business Development Manager
Sustainability Officer
Technical Director
Grid Connection Manager
Energy Procurement Manager
Contract Administrator
Project Finance Manager
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