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Energy Storage Ppa
"I need an Energy Storage PPA for a 50MW battery storage facility in Manchester that will provide both capacity market services and grid balancing, with operations expected to commence in March 2025."
1. Parties: Identification and details of contracting parties including full legal names, registered addresses, and company numbers
2. Background: Context of the agreement, including facility description, purpose of the agreement, and relevant regulatory context
3. Definitions: Comprehensive definitions of technical and legal terms used throughout the agreement
4. Facility Description: Technical specifications and characteristics of the storage facility including capacity, response times, and location
5. Operating Parameters: Detailed operating conditions, minimum and maximum capacity requirements, availability requirements, and performance standards
6. Testing and Commissioning: Requirements for initial testing, periodic testing, and performance verification procedures
7. Metering and Communications: Requirements for metering equipment, data collection, and communications protocols
8. Payment Terms: Pricing structure, payment calculations, invoicing procedures, and payment timelines
9. Performance Security: Requirements for performance bonds, parent company guarantees, or other security arrangements
10. Term and Termination: Contract duration, renewal provisions, termination rights, and consequences of termination
11. Force Majeure: Definition of force majeure events and their consequences
12. Liability and Indemnification: Allocation of risks, liability caps, and indemnification obligations
1. Capacity Market Provisions: Terms relating to Capacity Market participation, including obligations and revenue sharing arrangements
2. Ancillary Services: Terms governing the provision of additional grid services such as frequency response or voltage control
3. Development Conditions: Construction milestones, commissioning requirements, and conditions precedent for facilities not yet operational
4. Grid Connection: Specific provisions relating to grid connection requirements and responsibilities
5. Revenue Stacking: Terms governing multiple revenue streams and their interaction
1. Technical Specifications: Detailed technical parameters including capacity, efficiency, response times, and degradation limits
2. Testing Procedures: Detailed testing protocols for commissioning and ongoing performance verification
3. Operating Procedures: Step-by-step operational procedures, maintenance requirements, and emergency protocols
4. Pricing Schedule: Detailed pricing formulae, adjustment mechanisms, and worked examples
5. Metering Requirements: Technical specifications for metering equipment and data validation procedures
6. Form of Performance Security: Template forms for required security instruments
7. Communications Protocol: Detailed procedures for operational communications and data exchange
Authors
Ancillary Services
Availability Payment
Available Capacity
Balancing Mechanism
Billing Period
Capacity Market
Charging Energy
Charging Period
Commercial Operations Date
Contract Capacity
Delivery Point
Discharge Energy
Discharge Period
Dispatch Instruction
Energy Management System
Energy Storage Facility
Force Majeure Event
Good Industry Practice
Grid Code
Grid Connection Agreement
Installed Capacity
Interconnection Facilities
Maximum Charging Rate
Maximum Discharging Rate
Metering System
Minimum State of Charge
Operating Parameters
Operating Period
Performance Testing
Planned Maintenance
Power Purchase Price
Reactive Power
Response Time
Round Trip Efficiency
Scheduled Maintenance
State of Charge
Storage Capacity
Storage Technology
System Emergency
Technical Specifications
Term
Testing Procedures
Transmission System
Unplanned Outage
Operating Requirements
Testing and Performance
Availability and Capacity
Dispatch Rights
Charging and Discharging
Metering
Payment Terms
Invoicing
Force Majeure
Planned Maintenance
Emergency Procedures
Grid Connection
Compliance with Laws
Technical Requirements
Performance Guarantees
Liquidated Damages
Insurance
Warranties
Liability and Indemnification
Change in Law
Dispute Resolution
Confidentiality
Assignment and Transfer
Notices
Governing Law
Capacity Market Participation
Ancillary Services
Environmental Attributes
Health and Safety
Reporting Requirements
Credit Support
Default and Remedies
Representations and Warranties
Commissioning
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