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Power Purchase Agreement Solar
"I need a Solar Power Purchase Agreement for a 50MW solar facility in East Java, Indonesia, where my company will sell power to PLN with planned commercial operations starting March 2025, including provisions for battery storage and carbon credits."
1. Parties: Identification of the power producer (seller) and the power purchaser (typically PLN)
2. Background: Context of the agreement, including project location, capacity, and regulatory framework
3. Definitions and Interpretation: Definitions of key terms and interpretation rules for the agreement
4. Sale and Purchase of Energy: Core obligations regarding the sale and purchase of electrical energy
5. Term and Effective Date: Duration of the agreement and conditions for effectiveness
6. Development and Construction: Obligations regarding plant construction, testing, and commissioning
7. Commercial Operation: Requirements and procedures for achieving commercial operation date
8. Operating Requirements: Technical and operational standards for the facility
9. Metering and Billing: Procedures for measuring delivered energy and payment calculations
10. Payment Terms: Tariff structure, payment mechanics, and invoicing procedures
11. Grid Connection: Requirements and responsibilities for grid interconnection
12. Force Majeure: Definition and consequences of force majeure events
13. Default and Termination: Events of default, remedies, and termination procedures
14. Insurance: Required insurance coverage and related obligations
15. Assignment and Security: Rights and restrictions regarding assignment and security interests
16. Dispute Resolution: Procedures for resolving disputes between parties
17. Governing Law: Confirmation of Indonesian law as governing law and jurisdiction
18. Miscellaneous: Standard boilerplate provisions including notices, amendments, etc.
1. Environmental Credits: Provisions regarding carbon credits and other environmental attributes, used when project generates tradeable environmental benefits
2. Land Rights: Provisions regarding site access and land use rights, included when land arrangements are part of the PPA scope
3. Local Content Requirements: Specific provisions regarding use of local components and services, included for projects subject to local content requirements
4. Government Guarantees: Provisions relating to government support or guarantees, included for larger projects requiring government backing
5. Currency Conversion: Provisions for handling currency conversion and exchange rates, included when payments involve foreign currency
6. Battery Storage: Specific provisions for energy storage systems, included when the solar facility includes battery storage
7. Direct Agreement: Provisions regarding lender's step-in rights, included when project financing is involved
1. Facility Description: Detailed technical specifications of the solar facility
2. Site Description: Details of project location, boundaries, and access rights
3. Testing Procedures: Procedures for testing and commissioning the facility
4. Operating Procedures: Detailed operating protocols and requirements
5. Tariff and Payment Calculations: Detailed methodology for calculating payments
6. Minimum Functional Specifications: Technical requirements for plant performance
7. Grid Connection Requirements: Technical specifications for grid interconnection
8. Form of Construction Security: Template for construction performance security
9. Form of Operating Security: Template for operation performance security
10. Commissioning Tests: Detailed testing requirements for commercial operation
11. Production Estimates: Expected energy output calculations and guarantees
12. Environmental and Social Requirements: Environmental and social compliance requirements
Authors
Applicable Laws
Available Capacity
Billing Period
Buy-Out Price
Change in Law
Commercial Operation Date
Commissioning Tests
Connection Point
Deemed Generated Energy
Delivery Point
Development Security
Dispatch Instructions
Effective Date
Emergency
Energy Output
Environmental Attributes
Environmental Laws
EPC Contract
Event of Default
Facility
Financial Closing
Force Majeure Event
Good Industry Practice
Government Authority
Grid Code
Grid System
Guaranteed Commercial Operation Date
Guaranteed Energy Output
Initial Operation Date
Interconnection Facilities
Investment Grade Rating
Lenders
Maintenance Schedule
Maximum Export Capacity
Measured Energy
Metering Point
Metering System
Minimum Functional Specifications
Operating Committee
Operating Period
Operating Procedures
Operating Security
Operating Year
Performance Standards
Performance Tests
Planned Outage
Plant
Point of Common Coupling
Power Station
Project
Project Documents
Project Site
Prudent Utility Practice
PV Modules
Reactive Power
Reference Tariff
Required Commercial Operation Date
Required Permits
Scheduled Commercial Operation Date
Site
Solar Energy Facility
Solar Resource
Step-In Rights
System Emergency
Tariff
Technical Limits
Term
Testing Period
Transmission System
Unit
Unplanned Outage
Sale and Purchase Obligations
Term
Construction and Development
Testing and Commissioning
Commercial Operations
Performance Standards
Grid Connection
Metering
Billing and Payment
Technical Requirements
Operating Standards
Maintenance
Force Majeure
Change in Law
Environmental Compliance
Insurance
Default and Termination
Remedies
Dispute Resolution
Assignment
Security Arrangements
Representations and Warranties
Indemnification
Confidentiality
Notices
Governing Law
Tax
License and Permits
Land Rights
Emergency Procedures
Performance Security
Liquidated Damages
Step-in Rights
Local Content Requirements
Environmental Credits
Commissioning Tests
Technology Requirements
Grid Code Compliance
Interconnection
Credit Support
Regulatory Compliance
Transmission Requirements
Generation Forecasting
Capacity Obligations
Performance Testing
Risk Allocation
Liability
Intellectual Property
Renewable Energy
Solar Power
Utilities
Infrastructure
Power Generation
Clean Technology
Project Finance
Construction
Environmental Services
Public Utilities
Legal
Project Development
Engineering
Commercial
Finance
Risk Management
Environmental Compliance
Technical Operations
Grid Operations
Contract Administration
Business Development
Sustainability
Regulatory Affairs
Chief Executive Officer
Project Director
Legal Counsel
Energy Development Manager
Renewable Energy Engineer
Commercial Manager
Finance Director
Risk Manager
Environmental Compliance Officer
Technical Director
Operations Manager
Grid Connection Engineer
Contract Administrator
Business Development Director
Sustainability Manager
Power Plant Manager
Regulatory Affairs Manager
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