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Power Purchase Contract
"I need a Power Purchase Contract for a Dutch offshore wind farm with 500MW capacity, delivering power to a major industrial customer in Rotterdam, with delivery starting March 2025 and running for 15 years, including provisions for green certificates."
1. Parties: Identification and details of the power seller and purchaser
2. Background: Context of the agreement, including facility details and purpose of the arrangement
3. Definitions: Definitions of key 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 provisions
6. Delivery Point and Title Transfer: Specification of where electricity is delivered and when title passes
7. Metering and Documentation: Requirements for measuring delivered electricity and maintaining records
8. Price and Payment Terms: Pricing structure, invoicing, and payment procedures
9. Force Majeure: Events excusing performance and associated procedures
10. Representations and Warranties: Standard and specific warranties from both parties
11. Compliance with Laws: Obligations to comply with relevant energy and environmental regulations
12. Dispute Resolution: Procedures for resolving disputes under Dutch law
13. Liability and Indemnification: Allocation of risks and liability between parties
14. Confidentiality: Protection of confidential information
15. General Provisions: Standard boilerplate clauses including notices, amendments, and governing law
1. Renewable Energy Certificates: Used when the PPA involves renewable energy, covering the transfer and handling of associated certificates
2. Grid Connection: Include when the seller is responsible for grid connection arrangements
3. Development and Construction: Required for PPAs signed before the generating facility is operational
4. Performance Guarantees: Used when specific performance levels are guaranteed, especially for renewable energy projects
5. Change in Law: Include when regulatory changes could significantly impact the agreement
6. Cross-Border Provisions: Required for PPAs involving international power trading
7. Capacity Requirements: Include when the agreement includes capacity payment elements
8. Storage Provisions: Used when the agreement involves energy storage facilities
1. Schedule 1 - Technical Specifications: Detailed technical parameters of the generating facility and delivery requirements
2. Schedule 2 - Pricing Mechanism: Detailed pricing calculations, adjustments, and examples
3. Schedule 3 - Operating Procedures: Day-to-day operational procedures and communications
4. Schedule 4 - Testing and Certification: Requirements for facility testing and certification procedures
5. Schedule 5 - Metering Specifications: Detailed metering requirements and procedures
6. Schedule 6 - Form of Direct Agreement: Standard form for direct agreements with financiers
7. Schedule 7 - Performance Standards: Detailed performance requirements and calculation methods
8. Schedule 8 - Insurance Requirements: Required insurance coverage details
9. Appendix A - Site Description: Details and drawings of the generating facility site
10. Appendix B - Contact Details: List of key contacts and authorized representatives
Authors
Energy & Utilities
Renewable Energy
Manufacturing
Industrial Production
Data Centers
Real Estate
Agriculture
Technology
Green Technology
Infrastructure
Legal
Commercial
Procurement
Operations
Risk Management
Sustainability
Finance
Business Development
Regulatory Affairs
Technical Operations
Trading
Strategy
Compliance
Energy Procurement Manager
Legal Counsel
Commercial Director
Sustainability Manager
Power Trading Manager
Project Developer
Risk Manager
Operations Director
Business Development Manager
Regulatory Compliance Officer
Chief Financial Officer
Energy Contract Manager
Technical Operations Manager
Portfolio Manager
Corporate Strategy Director
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