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Power Purchase Agreement Renewable (Energy)
"I need a Power Purchase Agreement Renewable (Energy) for a 50MW solar facility in Flanders, Belgium, with commercial operations starting March 2025, including provisions for battery storage and green certificate trading."
1. Parties: Identification of the power producer and the purchaser, including registration details and authorized representatives
2. Background: Context of the agreement, including facility details and parties' objectives
3. Definitions: Defined terms used throughout the agreement, including technical and market-specific terminology
4. Sale and Purchase Obligations: Core obligations regarding energy delivery and purchase commitments
5. Term and Termination: Duration of the agreement, conditions for renewal, and termination rights
6. Price and Payment: Pricing mechanism, payment terms, invoicing, and settlement procedures
7. Metering and Documentation: Requirements for measuring delivered energy and maintaining records
8. Delivery Point and Title Transfer: Specification of the delivery point and transfer of ownership
9. Generation Facility: Technical specifications and operational requirements of the renewable energy facility
10. Performance Requirements: Minimum performance standards, availability guarantees, and maintenance obligations
11. Force Majeure: Events excusing performance, including grid issues and weather-related events
12. Representations and Warranties: Standard and specific warranties regarding capacity, permits, and compliance
13. Insurance: Required insurance coverage for both parties
14. Dispute Resolution: Procedures for resolving disputes under Belgian law
15. Governing Law: Confirmation of Belgian law as governing law and jurisdiction
1. Green Certificates and Environmental Attributes: Allocation of environmental benefits and certificates - include if green certificates are part of the transaction
2. Grid Connection: Rights and obligations regarding grid connection - include if producer is responsible for connection
3. Construction and Commissioning: Include for facilities not yet operational at contract signing
4. Battery Storage: Include if the facility includes energy storage capabilities
5. Curtailment: Include if grid operator has curtailment rights or if specific curtailment compensation is needed
6. Change in Law: Include detailed provisions if regulatory framework is likely to change
7. Direct Agreement: Include if project financing requires lender direct agreements
8. Cross-Border Trading: Include for PPAs involving cross-border power flows
1. Facility Description: Technical specifications of the renewable energy facility
2. Pricing Schedule: Detailed pricing mechanisms, including any indexation or adjustment formulas
3. Operating Parameters: Technical parameters, including minimum/maximum output, ramp rates
4. Metering Specifications: Technical requirements for metering equipment and procedures
5. Performance Testing: Testing procedures and acceptance criteria
6. Form of Direct Agreement: Template for lender direct agreement if required
7. Production Forecasts: Expected generation profiles and forecasting requirements
8. Planned Maintenance Schedule: Annual maintenance windows and procedures
9. Insurance Requirements: Detailed insurance specifications and minimum coverage
10. Form of Performance Security: Template for any required performance bonds or guarantees
Authors
Affiliate
Agreed Facility
Annual Contract Quantity
Availability
Balancing Mechanism
Banking Day
Base Load
Belgian Grid Code
Business Day
Change in Law
Commercial Operation Date
Commissioning
Contract Price
Contract Year
Curtailment
Delivery Point
Dispatch
ELIA
Emergency
Environmental Attributes
Expected Generation
Facility
Force Majeure Event
Good Industry Practice
Green Certificates
Grid
Grid Connection Agreement
Grid Connection Point
Grid Operator
Guaranteed Commercial Operation Date
Imbalance Charges
Initial Period
Installed Capacity
Interconnection Facilities
Licensed Supplier
Maintenance Schedule
Market Price
Metering Device
Minimum Guaranteed Output
Network Loss Factor
Operating Parameters
Operational Notice
Peak Hours
Performance Security
Planned Maintenance
Point of Common Coupling
Production Forecast
Prudent Operating Practice
Purchase Obligation
Regulator
Reliability Standards
Renewable Energy Source
Required Permits
Scheduled Maintenance
Settlement Period
Start Date
System Emergency
Technical Specifications
Term
Transmission System
Unplanned Outage
Weather Data
Delivery
Price and Payment
Term and Termination
Force Majeure
Change in Law
Metering
Title and Risk
Performance Security
Construction and Commissioning
Testing and Acceptance
Operation and Maintenance
Scheduled Maintenance
Environmental Compliance
Green Certificates
Grid Connection
Balancing Responsibility
Curtailment
Production Forecasts
Representations and Warranties
Covenants
Events of Default
Termination Rights
Liability and Indemnification
Insurance
Assignment
Confidentiality
Dispute Resolution
Governing Law
Notices
Anti-Corruption
Data Protection
Health and Safety
Technical Standards
Regulatory Compliance
Environmental Attributes
Credit Support
Emergency Procedures
Records and Audit Rights
Intellectual Property
Renewable Energy
Manufacturing
Data Centers
Chemical Industry
Food & Beverage
Pharmaceutical
Technology
Banking & Finance
Real Estate
Retail
Telecommunications
Heavy Industry
Legal
Procurement
Sustainability
Commercial
Trading
Compliance
Finance
Operations
Risk Management
Environmental
Strategy
Treasury
Technical
Project Development
Chief Legal Officer
Energy Procurement Manager
Sustainability Director
Commercial Director
Power Trading Manager
Regulatory Compliance Officer
General Counsel
Environmental Manager
Risk Manager
Corporate Strategy Director
Chief Financial Officer
Technical Operations Manager
Renewable Energy Developer
Energy Contract Manager
Project Finance Manager
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