The Energy Storage PPA is a specialized agreement used in the Irish energy market to establish the commercial and operational framework for energy storage facilities. This document is essential when parties wish to contract for energy storage services, whether for grid stabilization, renewable energy integration, or peak demand management. It incorporates specific requirements from Irish energy regulations, the Grid Code, and relevant EU directives, while addressing technical specifications, operational parameters, and commercial terms. The agreement is particularly relevant in the context of Ireland's energy transition and increasing renewable energy deployment, where energy storage plays a crucial role in grid stability and energy security. Used by both utility-scale storage providers and commercial/industrial facilities, this agreement type has become increasingly important as Ireland works towards its clean energy targets.
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1. Parties: Identification of the parties to the agreement - typically the energy storage facility owner/operator and the off-taker
2. Background: Context of the agreement, including facility details and purpose of the arrangement
3. Definitions and Interpretation: Definitions of technical terms, commercial terms, and rules of interpretation
4. Term and Termination: Duration of the agreement, conditions for extension, and termination rights
5. Storage Services: Core services to be provided, including charging, storing, and discharging requirements
6. Technical Requirements: Performance specifications, response times, and technical parameters of the storage facility
7. Operations and Maintenance: Requirements for operating and maintaining the storage facility
8. Charging and Discharging Rights: Rules and procedures for energy input and output
9. Metering and Testing: Requirements for measuring energy flows and performance testing
10. Payment Terms: Pricing structure, invoicing, and payment mechanisms
11. Grid Connection and Compliance: Requirements for grid connection and regulatory compliance
12. Force Majeure: Events constituting force majeure and consequences
13. Liability and Indemnities: Allocation of risks and liability between parties
14. Insurance: Required insurance coverage
15. Governing Law and Disputes: Irish law provisions and dispute resolution procedures
1. Construction and Commissioning: Include if the facility is not yet operational, covering construction milestones and commissioning requirements
2. Market Participation: Include if the storage facility will participate in electricity markets
3. Ancillary Services: Include if the facility will provide grid support services
4. Carbon Credits and Environmental Attributes: Include if environmental attributes are being traded
5. Step-in Rights: Include if lender step-in rights are required for project finance
6. Interface with Other Facilities: Include if the storage facility interfaces with generation or other facilities
7. Change in Law: Include detailed provisions if regulatory environment is uncertain
1. Facility Description: Technical specifications of the storage facility
2. Performance Standards: Detailed performance requirements and testing procedures
3. Pricing and Payment Calculations: Detailed pricing mechanisms and calculation methodologies
4. Operating Procedures: Detailed procedures for day-to-day operation
5. Grid Connection Details: Technical requirements and arrangements for grid connection
6. Testing and Commissioning Procedures: Detailed procedures for testing and commissioning
7. Form of Performance Security: Template for any required performance bonds or guarantees
8. Communication Protocols: Procedures for operational communications and notifications
9. Maintenance Schedule: Planned maintenance requirements and procedures
10. Insurance Requirements: Detailed insurance specifications
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