Power Purchase Contract Template for New Zealand

1. Construction and Development: Required if the generating facility is not yet operational, covering construction milestones and requirements

2. Interconnection: Needed if specific interconnection arrangements must be established

3. Renewable Energy Certificates: Required for renewable energy projects where certificates or credits are part of the transaction

4. Performance Security: Include when credit support or performance bonds are required

5. Change in Law: Detailed provisions for handling regulatory changes, particularly relevant for long-term PPAs

6. Grid Connection and Curtailment: Required when specific grid connection terms and curtailment rights need to be addressed

7. Indigenous Rights Provisions: Include when the project affects or involves Māori interests or land

8. Carbon Credits and Environmental Attributes: Required when dealing with emissions trading or environmental benefits

1. Facility Description: Technical specifications of the generating facility

2. Pricing Schedule: Detailed pricing mechanisms, calculations, and adjustments

3. Testing and Commissioning Procedures: Detailed procedures for facility testing and commissioning

4. Operating Procedures: Day-to-day operational requirements and procedures

5. Metering Specifications: Technical requirements for metering equipment and procedures

6. Performance Standards: Required technical and operational performance standards

7. Form of Performance Security: Template for any required performance bonds or guarantees

8. Calculation of Liquidated Damages: Methodology for calculating various liquidated damages

9. Contact Details: List of key contacts and authorized representatives

10. Insurance Requirements: Detailed insurance specifications and minimum coverage requirements