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Power Purchase Agreement Solar
"I need a Solar Power Purchase Agreement for a 50MW solar installation in Rotterdam, where my manufacturing company will purchase 100% of the output for 15 years starting March 2025, with quarterly pricing adjustments and specific performance guarantees."
1. Parties: Identification of the power producer (seller) and the purchaser, including full legal names and addresses
2. Background: Context of the agreement, including facility location, project overview, and parties' objectives
3. Definitions: 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 obligations
5. Term and Termination: Duration of the agreement, conditions for renewal, and termination rights
6. Delivery Point and Title: Specification of the delivery point and transfer of title to electricity
7. Metering: Requirements for measuring delivered electricity, including meter specifications and reading procedures
8. Price and Payment: Pricing structure, payment terms, invoicing, and dispute procedures
9. Seller's Obligations: Obligations regarding facility operation, maintenance, and compliance with laws
10. Buyer's Obligations: Obligations regarding acceptance of electricity and payment
11. Force Majeure: Definition and consequences of force majeure events
12. Representations and Warranties: Standard and specific warranties from both parties
13. Insurance: Required insurance coverage for both parties
14. Liability and Indemnification: Allocation of risks and responsibilities between parties
15. Dispute Resolution: Procedures for resolving disputes, including choice of forum
16. Governing Law: Specification of Dutch law as governing law
17. General Provisions: Standard boilerplate provisions including notices, amendments, and assignment
1. Environmental Attributes: Section addressing ownership and transfer of environmental benefits, used when parties want to explicitly address renewable energy certificates
2. Grid Connection: Detailed provisions regarding grid connection responsibilities, used when grid connection is not covered in separate agreement
3. Construction and Commissioning: Used for projects not yet operational, covering construction milestones and commissioning requirements
4. Performance Guarantees: Technical performance guarantees, used when specific output levels are guaranteed
5. Battery Storage: Used when the solar facility includes battery storage capabilities
6. Change in Law: Detailed provisions for handling regulatory changes, used in longer-term PPAs
7. Forecasting and Scheduling: Used when buyer requires detailed production forecasts
8. Lender Rights: Provisions protecting lender interests, used when project financing is involved
1. Facility Description: Technical specifications of the solar facility, including location, capacity, and equipment
2. Pricing Schedule: Detailed pricing mechanisms, calculations, and adjustment formulas
3. Testing and Commissioning Procedures: Detailed procedures for facility testing and commissioning
4. Performance Specifications: Technical performance requirements and measurement methods
5. Metering Specifications: Detailed requirements for metering equipment and procedures
6. Form of Direct Agreement: Standard form agreement between buyer and project lenders
7. Operating Procedures: Detailed procedures for daily operation and communication
8. Production Guarantees and Liquidated Damages: Calculations and procedures for performance guarantees
9. Insurance Requirements: Detailed specification of required insurance coverage
Authors
Energy & Utilities
Renewable Energy
Solar Power
Manufacturing
Real Estate
Infrastructure
Technology
Industrial
Commercial Property
Agriculture
Financial Services
Legal
Procurement
Sustainability
Operations
Finance
Risk Management
Commercial
Technical
Environmental Compliance
Business Development
Energy Trading
Facility Management
Energy Procurement Manager
Sustainability Director
Legal Counsel
Commercial Manager
Project Developer
Technical Director
Risk Manager
Finance Director
Operations Manager
Facility Manager
Environmental Compliance Officer
Business Development Manager
Energy Trading Manager
Contract Manager
Chief Sustainability Officer
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