Solar Corporate PPAs have become increasingly important in the UK renewable energy market as businesses seek to secure clean energy supplies and demonstrate environmental commitments. This contract type establishes the commercial and technical framework for selling solar-generated electricity directly to corporate consumers, typically over 10-15 years. The Solar Corporate PPA, governed by English and Welsh law, includes provisions for pricing mechanisms, delivery obligations, performance standards, and the transfer of environmental attributes. It serves both as a risk management tool for price volatility and as a means of supporting new renewable energy development.
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1. Parties: Identification and details of the Generator (seller) and Buyer, including full legal names, registration details, and addresses
2. Background: Context of the agreement, including facility details, purpose of the agreement, and key commercial drivers
3. Definitions: Comprehensive list of defined terms used throughout the agreement, including technical, commercial, and legal terminology
4. Sale and Purchase Obligations: Core obligations regarding electricity sale and purchase, including delivery points, minimum/maximum volumes, and exclusivity provisions
5. Pricing and Payment: Price structure, payment terms, billing procedures, and any price adjustment mechanisms
6. Term and Termination: Duration of agreement, conditions precedent, extension options, and termination rights
7. Metering and Reporting: Requirements for measuring and reporting generation, including meter specifications and data sharing
8. Force Majeure: Events constituting force majeure and consequences thereof
9. Liability and Indemnities: Allocation of risks, limitation of liability, and indemnification provisions
10. Change in Law: Mechanisms for addressing regulatory changes affecting the agreement
1. Green Certificates: Provisions governing the transfer and handling of REGOs and other environmental attributes
2. Construction and Commissioning: Requirements for facility construction, testing, and commissioning for projects not yet operational
3. Private Wire Arrangements: Specific terms for direct wire connections between generator and buyer
4. Credit Support: Requirements for performance security, parent company guarantees, or other credit support mechanisms
5. Change Control: Procedures for managing changes to the facility or agreement terms
1. Facility Description: Technical specifications of the solar facility, including location, capacity, and equipment details
2. Pricing Schedule: Detailed pricing mechanisms, calculations, and adjustment formulae
3. Testing and Commissioning Procedures: Technical requirements and procedures for facility acceptance testing
4. Operating Parameters: Performance specifications, maintenance requirements, and operational standards
5. Form of Direct Agreement: Standard form agreement between buyer and project lenders
6. Metering Specifications: Detailed technical requirements for metering equipment and procedures
7. Generation Forecasting: Procedures and requirements for production forecasting and reporting
Relevant legal definitions
Agreement
Applicable Laws
Availability
Billing Period
Business Day
Buyer
Change in Law
Commercial Operation Date
Commissioning
Connection Agreement
Contract Price
Contract Quantity
Delivery Point
Effective Date
Electricity
Environmental Attributes
Facility
Force Majeure
Generator
Good Industry Practice
Grid
Grid Code
Grid Connection
Grid Operator
Installed Capacity
Lenders
Maintenance Schedule
Metering Equipment
Minimum Performance Requirements
Operating Parameters
Planned Outage
Project Site
Prudent Operating Practice
REGOs
Renewable Energy Guarantees of Origin
Required Consents
Settlement Period
Solar PV System
Specified Output
Term
Termination Date
Testing Procedures
Transmission System
Unplanned Outage
Applicable Laws
Availability
Billing Period
Business Day
Buyer
Change in Law
Commercial Operation Date
Commissioning
Connection Agreement
Contract Price
Contract Quantity
Delivery Point
Effective Date
Electricity
Environmental Attributes
Facility
Force Majeure
Generator
Good Industry Practice
Grid
Grid Code
Grid Connection
Grid Operator
Installed Capacity
Lenders
Maintenance Schedule
Metering Equipment
Minimum Performance Requirements
Operating Parameters
Planned Outage
Project Site
Prudent Operating Practice
REGOs
Renewable Energy Guarantees of Origin
Required Consents
Settlement Period
Solar PV System
Specified Output
Term
Termination Date
Testing Procedures
Transmission System
Unplanned Outage
Clauses
Conditions Precedent
Sale and Purchase Obligations
Term and Termination
Pricing and Payment
Metering
Delivery Point
Performance Standards
Environmental Attributes
Force Majeure
Change in Law
Construction and Commissioning
Testing and Acceptance
Operation and Maintenance
Curtailment
Grid Connection
Representations and Warranties
Insurance
Default and Remedies
Limitation of Liability
Confidentiality
Assignment and Transfer
Dispute Resolution
Governing Law
Notices
Credit Support
Taxes
Record Keeping
Reporting Requirements
Health and Safety
Environmental Compliance
Intellectual Property
Anti-corruption
Data Protection
Entire Agreement
Amendments
Severability
Waiver
Third Party Rights
Sale and Purchase Obligations
Term and Termination
Pricing and Payment
Metering
Delivery Point
Performance Standards
Environmental Attributes
Force Majeure
Change in Law
Construction and Commissioning
Testing and Acceptance
Operation and Maintenance
Curtailment
Grid Connection
Representations and Warranties
Insurance
Default and Remedies
Limitation of Liability
Confidentiality
Assignment and Transfer
Dispute Resolution
Governing Law
Notices
Credit Support
Taxes
Record Keeping
Reporting Requirements
Health and Safety
Environmental Compliance
Intellectual Property
Anti-corruption
Data Protection
Entire Agreement
Amendments
Severability
Waiver
Third Party Rights
Relevant Industries
Relevant Teams
Relevant Roles
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