Document background
The Power Purchase Agreement Renewable (Energy) is a crucial document in Austria's renewable energy market, used to establish long-term electricity supply arrangements between renewable energy generators and commercial or utility buyers. This agreement type has gained significance due to Austria's commitment to renewable energy expansion and the implementation of the Renewable Energy Expansion Act (EAG). The document serves as the primary commercial instrument for renewable energy projects, providing bankable terms that support project financing while ensuring compliance with Austrian energy regulations and EU directives. It typically includes provisions for power delivery, pricing mechanisms, regulatory compliance, technical specifications, and risk allocation between parties. The agreement is particularly relevant in the context of Austria's energy transition goals and the increasing corporate demand for renewable electricity supply.
