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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."
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
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
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
Energy & Utilities
Renewable Energy
Power Generation
Industrial Manufacturing
Infrastructure
Green Technology
Utilities
Legal
Commercial
Finance
Risk Management
Operations
Regulatory Affairs
Business Development
Treasury
Technical
Sustainability
Trading
Compliance
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
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