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Flexible Power Purchase Agreement
"Need a Flexible Power Purchase Agreement for a 50MW solar facility in Texas, with delivery starting March 2025, including specific provisions for battery storage and grid curtailment flexibility."
1. Parties: Identification of contracting parties, including legal entity details
2. Background: Context of the agreement, including facility details and purpose
3. Definitions: Key terms used throughout the agreement
4. Product Definition: Specification of energy products, capacity, and environmental attributes
5. Pricing Mechanism: Price structure, including fixed and variable components
6. Delivery Terms: Delivery points, scheduling, and flexibility mechanisms
7. Term and Termination: Duration and termination conditions
1. Credit Support: Security requirements and credit provisions - used when dealing with parties without strong credit ratings
2. Development Milestones: Project development timeline and requirements - used for new facility construction
3. Storage Provisions: Terms related to energy storage - used when storage facilities are included
1. Facility Description: Technical specifications of the generating facility
2. Product Specifications: Detailed description of energy products and attributes
3. Pricing Schedule: Detailed pricing mechanisms and calculations
4. Operating Procedures: Day-to-day operational requirements and procedures
5. Performance Security: Form and calculation of required security
6. Metering Requirements: Technical specifications for metering and measurement
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