Corporate Power Purchase Agreement Template for Belgium

The Corporate Power Purchase Agreement (CPPA) template is designed for use in the Belgian market, where corporations increasingly seek to secure long-term renewable energy supply directly from generators. This document type has become crucial as organizations pursue sustainability goals and stable energy pricing in Belgium's liberalized energy market. The agreement addresses specific requirements of Belgian federal law, regional energy regulations, and EU directives, while incorporating necessary provisions for grid access, renewable energy certificates, and regulatory compliance. It is particularly relevant for large corporate consumers looking to demonstrate additionality in renewable energy procurement and generators seeking project financing. The document includes comprehensive terms for energy delivery, price structures, risk allocation, and dispute resolution, tailored to Belgium's unique federal structure and its position within the EU energy market.

1. Parties: Identification of the power seller (generator) and buyer (corporate customer), including full legal names and registration details

2. Background: Context of the agreement, including facility details and parties' objectives

3. Definitions and Interpretation: Comprehensive list of defined terms and interpretation rules

4. Sale and Purchase Obligations: Core obligations regarding the sale and purchase of electricity, including any minimum purchase commitments

5. Term and Conditions Precedent: Duration of the agreement and conditions that must be satisfied before the agreement becomes effective

6. Delivery Point and Transfer of Risk: Specification of where electricity is delivered and when risk transfers between parties

7. Metering and Communications: Requirements for measuring delivered electricity and maintaining communications systems

8. Price and Payment Terms: Pricing structure, invoicing requirements, and payment terms

9. Credit Support: Security requirements and credit support mechanisms

10. Force Majeure: Definition of force majeure events and their consequences

11. Representations and Warranties: Standard and specific warranties given by each party

12. Covenants: Ongoing obligations of the parties during the term

13. Events of Default: Circumstances constituting default and consequences

14. Termination: Termination rights and procedures

15. Liability and Indemnities: Allocation of risks and limitations on liability

16. Dispute Resolution: Procedures for resolving disputes

17. Confidentiality: Protection of confidential information

18. Governing Law and Jurisdiction: Specification of Belgian law and jurisdiction

19. Miscellaneous: Standard boilerplate provisions