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Power Purchase Contract
"I need a Power Purchase Contract for a 50MW solar facility in Texas, where we'll be selling electricity to a corporate buyer with a 15-year term starting March 2025, including provisions for renewable energy credits and storage capabilities."
1. Parties: Identification of the power seller and purchaser with full legal details
2. Background: Context of the agreement and brief description of the project
3. Definitions: Key terms used throughout the agreement
4. Sale and Purchase Obligations: Core obligations regarding power delivery and purchase
5. Price and Payment Terms: Pricing structure, billing, and payment procedures
6. Term and Termination: Duration of agreement and termination rights
7. Performance Security: Credit support and security requirements
8. Metering and Testing: Requirements for measuring delivered power
1. Green Attributes: Treatment of renewable energy credits and environmental attributes - used for renewable energy projects
2. Capacity Rights: Treatment of capacity rights and related products - used when capacity markets are relevant
3. Development Milestones: Project development timeline and requirements - used for projects not yet operational
1. Facility Description: Technical details of the generating facility
2. Product Specifications: Detailed power product specifications including quantity and quality
3. Pricing Schedule: Detailed pricing calculations and adjustments
4. Operating Procedures: Detailed procedures for day-to-day operations
5. Form of Performance Security: Template for required security instruments
6. Metering Specifications: Technical requirements for metering equipment
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