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Power Purchase Contract Template for Ireland

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Key Requirements PROMPT example:

Power Purchase Contract

"I need a Power Purchase Contract governed by Irish law for a 50MW onshore wind farm in County Kerry, with commercial operations starting March 2025, including specific provisions for RESS 3 compliance and green certificates trading."

Document background
The Power Purchase Contract (PPA) is a crucial agreement in the Irish energy market, used to formalize long-term electricity supply arrangements between power generators and buyers. This document is particularly relevant in the context of Ireland's growing renewable energy sector and the country's commitment to achieving its climate action goals. It provides a comprehensive framework for electricity sales, incorporating specific requirements of Irish energy regulation, EU directives, and market rules. The agreement is essential for project financing of new power generation facilities and typically includes detailed provisions on energy pricing, delivery obligations, performance guarantees, and risk allocation. These contracts are fundamental to securing revenue streams for power projects while ensuring reliable electricity supply for purchasers.
Suggested Sections

1. Parties: Identification of the power seller and buyer, including registration details and licensing status

2. Background: Context of the agreement, including facility description, purpose, and regulatory framework

3. Definitions: Comprehensive definitions of technical, commercial, and legal terms used in the agreement

4. Sale and Purchase Obligations: Core obligations regarding electricity sale and purchase, including quantity commitments

5. Term and Termination: Duration of the agreement, conditions for renewal, and termination rights

6. Delivery Point and Title Transfer: Specification of the delivery point and transfer of ownership of electricity

7. Metering and Testing: Requirements for measuring delivered electricity and testing procedures

8. Price and Payment: Pricing structure, payment terms, invoicing, and dispute procedures

9. Force Majeure: Definition and consequences of force majeure events

10. Default and Remedies: Events of default, cure periods, and available remedies

11. Representations and Warranties: Standard and specific representations by both parties

12. Insurance: Required insurance coverage for both parties

13. Assignment and Change of Control: Rules regarding transfer of rights and change in ownership

14. Confidentiality: Protection of confidential information

15. Dispute Resolution: Procedures for resolving disputes

16. Governing Law: Application of Irish law and jurisdiction

Optional Sections

1. Green Certificates and Environmental Attributes: Required for renewable energy PPAs, covering ownership and transfer of renewable energy certificates

2. Capacity Payments: Include when the agreement covers capacity payments in addition to energy

3. Construction and Commissioning: Required for PPAs signed before facility completion

4. Grid Connection: Include detailed grid requirements when seller is responsible for connection

5. Credit Support: Include when parties require security or credit backing

6. Change in Law: Detailed provisions for regulatory changes when project particularly sensitive to regulatory framework

7. Operating Committee: Include for complex PPAs requiring ongoing operational coordination

8. Forecasting and Scheduling: Required for variable renewable energy sources

9. Storage Provisions: Include when energy storage is part of the facility

Suggested Schedules

1. Facility Description: Technical specifications of the generation facility

2. Testing Procedures: Detailed procedures for facility testing and performance measurement

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

4. Pricing Formula: Detailed pricing calculations and adjustments

5. Operating Parameters: Technical operating specifications and requirements

6. Communication Protocols: Procedures for operational communications between parties

7. Form of Direct Agreement: Standard form for lender direct agreement

8. Performance Security: Forms and requirements for any required security

9. Insurance Requirements: Detailed specification of required insurance coverage

10. Grid Connection Details: Technical specifications for grid connection

11. Calculation of Liquidated Damages: Formulae and procedures for calculating various liquidated damages

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 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

Renewable Energy

Power Generation

Industrial Manufacturing

Infrastructure

Green Technology

Utilities

Relevant Teams

Legal

Commercial

Finance

Risk Management

Operations

Regulatory Affairs

Business Development

Treasury

Technical

Sustainability

Trading

Compliance

Relevant Roles

Energy Trading Manager

Commercial Director

Legal Counsel

Project Finance Manager

Risk Manager

Operations Director

Regulatory Compliance Officer

Business Development Manager

Chief Financial Officer

Energy Markets Analyst

Technical Director

Sustainability Manager

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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