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Corporate Ppa
"I need a Corporate PPA template for a 20MW solar project in Jakarta, where our manufacturing company will be the offtaker, with commercial operations starting in March 2025 and including provisions for carbon credit trading."
1. Parties: Identification of the power producer and the corporate buyer, including their complete legal names and addresses
2. Background: Context of the agreement, including facility details, purpose of the agreement, and relevant regulatory framework
3. Definitions: Comprehensive list of defined terms used throughout the agreement
4. Sale and Purchase Obligations: Core obligations including energy delivery commitments, take-or-pay provisions, and exclusivity arrangements
5. Term and Termination: Duration of the agreement, conditions precedent, and termination rights
6. Price and Payment: Tariff structure, payment terms, invoicing procedures, and dispute mechanisms
7. Delivery Point and Metering: Specification of the delivery point, metering requirements, and testing procedures
8. Environmental Attributes: Treatment of renewable energy certificates and other environmental benefits
9. Operating Procedures: Day-to-day operational requirements, maintenance schedules, and communication protocols
10. Force Majeure: Definition of force majeure events and their consequences
11. Default and Remedies: Events of default, cure periods, and available remedies
12. Dispute Resolution: Procedures for resolving disputes, including jurisdiction and governing law
13. General Provisions: Standard boilerplate provisions including notices, assignments, and amendments
1. Construction and Development: Required for new facilities, covering construction milestones, testing, and commissioning
2. Grid Connection: Needed when the project requires new grid connection arrangements
3. Performance Security: Include when security deposits or performance bonds are required
4. Change in Law: Detailed provisions for regulatory changes, particularly relevant in evolving renewable energy markets
5. Insurance: Detailed insurance requirements beyond standard provisions
6. Local Content Requirements: Include when specific Indonesian local content requirements apply
7. Step-in Rights: Include when lender step-in rights are required for project financing
8. Curtailment: Include for intermittent renewable energy sources
1. Facility Description: Technical specifications of the generation facility
2. Testing Procedures: Detailed procedures for testing and commissioning
3. Output Specifications: Expected energy output, including minimum and maximum quantities
4. Tariff and Payment Calculations: Detailed pricing formulas and adjustment mechanisms
5. Operating Procedures Manual: Detailed operational protocols and procedures
6. Form of Performance Security: Template for performance bonds or security deposits
7. Metering Specifications: Technical requirements for metering equipment and procedures
8. Environmental Compliance Requirements: Specific environmental standards and reporting requirements
9. Insurance Requirements: Detailed list of required insurance coverage
10. Form of Direct Agreement: Template agreement between lenders, seller, and buyer
Authors
Annual Contract Quantity
Applicable Law
Availability
Billing Period
Business Day
Capacity
Change in Law
Commercial Operation Date
Commissioned
Competent Authority
Connection Point
Contract Price
Contract Year
Deemed Generated Energy
Delivery Point
Dispatch Instructions
Environmental Attributes
Environmental Law
Event of Default
Facility
Force Majeure Event
Good Industry Practice
Grid
Grid Code
Grid Connection Agreement
Grid Operator
Installed Capacity
Interconnection Facilities
Invoice
kWh
Local Content Requirements
Metering Point
Metering System
Minimum Supply Obligation
Monthly Generation Report
MWh
Net Electrical Output
Operating Parameters
Operating Procedures
Outage
Performance Security
Planned Maintenance
PLN
Power Station
Prudent Operating Practice
PT PLN (Persero)
Reactive Power
Receiving Party
Renewable Energy Certificates
Required Commercial Operation Date
Required Consents
Scheduled Commercial Operation Date
Scheduled Maintenance
Site
Specific Operating Characteristics
System Emergency
Take-or-Pay Quantity
Technical Limits
Term
Testing
Transmission System
Unit Trip
Unplanned Outage
Conditions Precedent
Term and Duration
Sale and Purchase Obligations
Price and Payment
Metering and Testing
Delivery and Title
Connection and Transmission
Construction and Development
Commissioning
Operation and Maintenance
Performance Standards
Environmental Compliance
Force Majeure
Change in Law
Default and Termination
Liability and Indemnification
Insurance
Assignment and Transfer
Confidentiality
Dispute Resolution
Governing Law
Representations and Warranties
Notices
Local Content Requirements
Environmental Attributes
Performance Security
Testing and Commissioning
Grid Connection
Regulatory Compliance
Step-in Rights
Taxes and Duties
Records and Audit
Anti-corruption
Boilerplate
Renewable Energy
Manufacturing
Industrial
Mining
Technology
Data Centers
Real Estate
Retail
Consumer Goods
Telecommunications
Banking and Finance
Agriculture
Food and Beverage
Legal
Procurement
Sustainability
Finance
Commercial
Operations
Risk Management
Regulatory Affairs
Environmental Compliance
Corporate Strategy
Technical Operations
Energy Trading
Project Development
Chief Legal Officer
Legal Director
General Counsel
Energy Procurement Manager
Sustainability Director
Chief Financial Officer
Commercial Director
Project Development Manager
Regulatory Compliance Officer
Risk Manager
Operations Director
Technical Director
Chief Executive Officer
Contract Manager
Environmental Compliance Manager
Power Plant Manager
Energy Trading Manager
Corporate Strategy Director
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