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Physical Power Purchase Agreement
"Need a Physical Power Purchase Agreement for a 50MW solar facility in Singapore, with delivery starting March 2025, including specific provisions for green certificates and curtailment rights."
1. Parties: Identification and details of the power generator and purchaser
2. Background: Context of the agreement and brief description of the project
3. Definitions: Key terms used tHRoughout the agreement including technical, commercial, and regulatory definitions
4. Sale and Purchase Obligations: Core obligations regarding electricity supply and purchase, including delivery commitments and take-or-pay provisions
5. Delivery Point and Title: Specification of where electricity is delivered and transfer of ownership
6. Term and Termination: Duration of agreement, renewal options, and termination provisions including events of default
7. Price and Payment: Pricing mechanism, payment terms, invoicing procedures, and dispute resolution for payments
8. Metering: Requirements for measurement and verification of electricity delivery, including meter specifications and reading procedures
9. Force Majeure: Events considered force majeure and their consequences on contractual obligations
10. Representations and Warranties: Standard and specific warranties from both parties regarding capacity, authority, and compliance
1. Development and Construction: Construction milestones, testing requirements, and completion criteria for new facilities
2. Green Attributes: Provisions regarding renewable energy certificates and environmental attributes
3. Interconnection: Grid connection requirements, responsibilities, and cost allocation
4. Credit Support: Requirements for performance security, parent guarantees, or other credit support mechanisms
1. Facility Description: Technical specifications of the generation facility including capacity and technology details
2. Testing and Commissioning Procedures: Detailed procedures for facility testing and commissioning
3. Operating Procedures: Detailed operational requirements, maintenance schedules, and communication protocols
4. Pricing Formula: Detailed calculation methodology for electricity prices including any adjustments and indexation
5. Performance Standards: Technical and operational performance requirements including availability and reliability metrics
6. Form of Performance Security: Template for performance bonds, bank guarantees, or other security instruments
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