The Corporate PPA Renewable (Energy) agreement is essential for companies in the Netherlands seeking to secure long-term renewable energy supply while supporting their sustainability goals and managing energy costs. This document is typically used when a corporate entity wishes to purchase electricity directly from a renewable energy generator, either from existing facilities or new projects. It includes comprehensive provisions for energy delivery, pricing, Guarantees of Origin, regulatory compliance, and risk allocation. The agreement must comply with Dutch energy regulations, including the Electricity Act 1998 and relevant EU directives. It's particularly relevant in the context of Netherlands' energy transition goals and corporate sustainability initiatives, often used for wind and solar projects with capacities typically ranging from 10 MW to several hundred MW.
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Key Requirements PROMPT example:
Corporate Ppa Renewable (Energy)
"I need a Corporate PPA Renewable (Energy) agreement for a 50MW solar project in North Holland, with delivery starting March 2025, including battery storage provisions and a 15-year term with our tech company as the buyer."
1. Parties: Identification of the contracting parties - the generator/seller and corporate buyer
2. Background: Context of the agreement, including facility details and parties' objectives
3. Definitions: Definitions of technical, commercial, and legal terms used throughout the agreement
4. Sale and Purchase Obligations: Core obligations regarding electricity sale and purchase, including volume commitments
5. Term and Termination: Duration of the agreement, conditions for renewal, and termination rights
6. Pricing and Payment: Price structure, payment terms, invoicing, and settlement procedures
7. Metering and Documentation: Requirements for measuring electricity delivery and maintaining records
8. Guarantees of Origin: Provisions regarding renewable energy certificates and their transfer
9. Generation Facility: Specifications and requirements for the renewable energy facility
10. Grid Connection and Delivery: Requirements and responsibilities for grid connection and energy delivery
11. Force Majeure: Events constituting force majeure and consequences
12. Change in Law: Provisions addressing regulatory changes and their impact
13. Representations and Warranties: Standard and specific warranties from both parties
14. Liability and Indemnification: Allocation of risks and liability between parties
15. Confidentiality: Protection of confidential information
16. Governing Law and Disputes: Choice of law and dispute resolution procedures
17. General Provisions: Standard boilerplate clauses including notices, amendments, and assignment
1. Development and Construction: Required for PPAs signed before facility completion, covering construction milestones and obligations
2. Financial Security: Include when credit support or performance security is required from either party
3. Direct Agreement: Required when lender rights need to be addressed for project financing
4. Storage Provisions: Include when the facility includes energy storage capabilities
5. Curtailment: Required when specific curtailment rights and compensation need to be addressed
6. Carbon Benefits: Include when carbon credits or other environmental attributes beyond GOs are relevant
7. Private Wire Arrangements: Required for direct wire connections between generator and buyer
8. Forecast and Nomination: Include for arrangements requiring delivery forecasting and nomination procedures
1. Facility Technical Specifications: Detailed technical description of the generation facility
2. Pricing Mechanism: Detailed pricing formulae, adjustments, and examples
3. Production Forecasts: Expected generation profiles and production guarantees
4. Metering Specifications: Technical requirements for metering equipment and procedures
5. Operating Procedures: Detailed procedures for day-to-day operations and communications
6. Form of Guarantees: Templates for any required guarantees or security documents
7. Key Performance Indicators: Performance metrics and reporting requirements
8. Insurance Requirements: Required insurance coverage details
9. Form of Direct Agreement: Template agreement for lender rights if applicable
10. Commissioning Tests: Required testing procedures for facility acceptance
Authors
Relevant legal definitions
Acknowledgment Date
Actual Monthly Volume
Agreement
Annual Contract Quantity
Applicable Law
Approved Credit Rating
As-Generated Profile
Available Capacity
Availability
Balancing Responsible Party
Banking Day
Base Price
Billing Period
Business Day
Capacity
Change in Law
Commercial Operation Date
Commissioning
Committed Volume
Competent Authority
Connection Agreement
Contract Price
Credit Rating
Credit Support
Curtailment
Delivery Point
Effective Date
Electricity
Environmental Attributes
Event of Default
Expert
Facility
Feed-in Premium
Financial Close
Floor Price
Force Majeure Event
Forecast
Generation License
Good Industry Practice
Governmental Authority
Grid
Grid Code
Grid Connection
Grid Operator
Guarantee of Origin (GO)
Imbalance Charges
Initial Period
Installed Capacity
Inter-Connection
Invoice
Licensed Supplier
Longstop Date
Market Price
Metering Device
Minimum Volume
Monthly Payment
Network Losses
Nominated Volume
Operating Conditions
Operational Notice
Output
Party/Parties
Performance Security
Planned Maintenance
Point of Connection
Power Purchase Agreement
Price Adjustment
Production Forecast
Project
Project Documents
Prudent Operating Practice
Reactive Power
Receiving Party
Renewable Energy Source
Representatives
Required Credit Rating
Scheduled Commercial Operation Date
Security Document
Settlement Period
Shortfall
Start Date
System Operator
Term
Termination Date
Testing Period
Transmission System
Unit
Actual Monthly Volume
Agreement
Annual Contract Quantity
Applicable Law
Approved Credit Rating
As-Generated Profile
Available Capacity
Availability
Balancing Responsible Party
Banking Day
Base Price
Billing Period
Business Day
Capacity
Change in Law
Commercial Operation Date
Commissioning
Committed Volume
Competent Authority
Connection Agreement
Contract Price
Credit Rating
Credit Support
Curtailment
Delivery Point
Effective Date
Electricity
Environmental Attributes
Event of Default
Expert
Facility
Feed-in Premium
Financial Close
Floor Price
Force Majeure Event
Forecast
Generation License
Good Industry Practice
Governmental Authority
Grid
Grid Code
Grid Connection
Grid Operator
Guarantee of Origin (GO)
Imbalance Charges
Initial Period
Installed Capacity
Inter-Connection
Invoice
Licensed Supplier
Longstop Date
Market Price
Metering Device
Minimum Volume
Monthly Payment
Network Losses
Nominated Volume
Operating Conditions
Operational Notice
Output
Party/Parties
Performance Security
Planned Maintenance
Point of Connection
Power Purchase Agreement
Price Adjustment
Production Forecast
Project
Project Documents
Prudent Operating Practice
Reactive Power
Receiving Party
Renewable Energy Source
Representatives
Required Credit Rating
Scheduled Commercial Operation Date
Security Document
Settlement Period
Shortfall
Start Date
System Operator
Term
Termination Date
Testing Period
Transmission System
Unit
Clauses
Definitions
Contract Duration
Sale and Purchase
Energy Delivery
Pricing
Payment
Billing
Metering
Generation Requirements
Grid Connection
Renewable Energy Certificates
Performance Guarantees
Credit Support
Force Majeure
Change in Law
Termination
Early Termination
Liability
Indemnification
Representations and Warranties
Confidentiality
Assignment
Notices
Dispute Resolution
Governing Law
Environmental Compliance
Insurance
Records and Auditing
Operational Requirements
Maintenance
Forecasting
Curtailment
Default
Security
Commissioning
Testing
Title and Risk
Anti-corruption
Data Protection
Regulatory Compliance
Taxes
Reporting
Amendments
Waiver
Severability
Third Party Rights
Entire Agreement
Contract Duration
Sale and Purchase
Energy Delivery
Pricing
Payment
Billing
Metering
Generation Requirements
Grid Connection
Renewable Energy Certificates
Performance Guarantees
Credit Support
Force Majeure
Change in Law
Termination
Early Termination
Liability
Indemnification
Representations and Warranties
Confidentiality
Assignment
Notices
Dispute Resolution
Governing Law
Environmental Compliance
Insurance
Records and Auditing
Operational Requirements
Maintenance
Forecasting
Curtailment
Default
Security
Commissioning
Testing
Title and Risk
Anti-corruption
Data Protection
Regulatory Compliance
Taxes
Reporting
Amendments
Waiver
Severability
Third Party Rights
Entire Agreement
Relevant Industries
Renewable Energy
Manufacturing
Technology
Food and Beverage
Retail
Chemical Industry
Data Centers
Industrial Processing
Pharmaceutical
Automotive
Commercial Real Estate
Telecommunications
Relevant Teams
Legal
Procurement
Sustainability
Finance
Risk Management
Operations
Environmental Compliance
Commercial
Strategy
Treasury
Facilities Management
Energy Management
Relevant Roles
Chief Sustainability Officer
Energy Procurement Manager
Legal Counsel
Sustainability Director
Chief Financial Officer
Facilities Manager
Energy Trading Manager
Risk Manager
Commercial Director
Environmental Compliance Officer
Operations Director
Project Development Manager
Corporate Strategy Director
Power Purchase Agreement Specialist
Renewable Energy Manager
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