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Corporate PPA Solar

Corporate PPA Solar Template for Philippines

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Key Requirements PROMPT example:

Corporate PPA Solar

"I need a Corporate PPA Solar agreement for a manufacturing company in Manila, purchasing power from a 5MW solar facility, with commissioning expected in March 2025 and a 15-year term, including provisions for potential capacity expansion."

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Document background
The Corporate PPA Solar agreement is essential for businesses in the Philippines seeking to secure long-term renewable energy supply and demonstrate environmental commitment. This document type has gained significance following the Philippines' renewable energy initiatives and the growing corporate demand for clean energy solutions. The agreement is structured to comply with Philippine energy regulations, particularly the Renewable Energy Act of 2008 and EPIRA, while addressing specific commercial and technical requirements of solar power generation. It includes detailed provisions for power purchase terms, performance standards, pricing mechanisms, and risk allocation, tailored to the Philippine market context. This template is particularly relevant for large commercial and industrial consumers looking to directly purchase solar power, and includes necessary provisions for regulatory compliance, grid connection, and environmental attributes specific to the Philippine jurisdiction.
Suggested Sections

1. Parties: Identification of the power producer (seller) and corporate purchaser (buyer)

2. Background: Context of the agreement, including facility location, project overview, and regulatory framework

3. Definitions and Interpretation: Definitions of technical terms, contract interpretation rules, and governing law confirmation

4. Sale and Purchase Obligations: Core obligations including energy purchase commitments, exclusivity provisions, and delivery points

5. Term and Termination: Contract duration, conditions precedent, extension options, and termination rights

6. Price and Payment: Tariff structure, payment terms, billing procedures, and dispute resolution for payments

7. Metering and Testing: Requirements for measuring delivered energy, testing procedures, and meter maintenance

8. Construction and Commissioning: Timeline for construction, testing requirements, and commissioning procedures

9. Operation and Maintenance: Maintenance responsibilities, performance standards, and scheduled outage provisions

10. Performance Guarantees: Minimum performance requirements, availability guarantees, and liquidated damages

11. Force Majeure: Definition of force majeure events and consequences, including grid failures and natural disasters

12. Insurance: Required insurance coverage for both parties

13. Default and Remedies: Events of default, cure periods, and available remedies

14. Dispute Resolution: Process for resolving disputes, including jurisdiction and arbitration provisions

15. Miscellaneous: Standard boilerplate provisions including notices, amendments, and assignment rights

Optional Sections

1. Change in Law: Specific provisions for handling regulatory changes affecting renewable energy in Philippines - include if regulatory environment is uncertain

2. Environmental Attributes: Allocation of renewable energy certificates and carbon credits - include if these have significant value

3. Battery Storage: Provisions for energy storage systems - include if the project includes battery components

4. Grid Interface: Specific provisions for grid connection and compliance - include if seller is responsible for grid connection

5. Foreign Exchange Provisions: Currency conversion and exchange rate risk allocation - include if international parties involved

6. Step-in Rights: Lender's step-in rights and procedures - include if project financing is involved

7. Expansion Rights: Rights and procedures for expanding the solar facility - include if future expansion is contemplated

Suggested Schedules

1. Schedule 1 - Technical Specifications: Detailed specifications of the solar facility, including capacity, equipment, and design parameters

2. Schedule 2 - Testing and Commissioning Procedures: Detailed procedures for facility testing and commissioning requirements

3. Schedule 3 - Performance Standards: Specific performance metrics, calculation methodologies, and monitoring procedures

4. Schedule 4 - Tariff and Payment Calculations: Detailed pricing formula, adjustments, and example calculations

5. Schedule 5 - Site Description: Detailed description of the facility location, including maps and access rights

6. Schedule 6 - Forms of Notices and Certificates: Standard forms for various notices and certificates required under the agreement

7. Schedule 7 - Operating Procedures: Detailed procedures for day-to-day operation and maintenance

8. Schedule 8 - Interconnection Arrangements: Technical details of grid connection and interface requirements

9. Appendix A - Philippines Regulatory Requirements: Specific provisions required by Philippine law and regulations

10. Appendix B - Insurance Requirements: Detailed insurance requirements for both parties

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Affiliate
Applicable Law
Available Capacity
Billing Period
Business Day
Change in Law
Commercial Operation Date
Commissioning
Connection Point
Contract Capacity
Contract Price
Contract Year
Deemed Generated Energy
Delivery Point
Department of Energy
Development Security
Dispatch Instructions
Effective Date
Electrical Output
Energy Regulatory Commission
Environmental Attributes
Event of Default
Facility
Force Majeure Event
Good Industry Practice
Grid
Grid Code
Grid System
Interconnection Facilities
Invoice
kWh
Lenders
Maintenance Schedule
Metering Point
Minimum Take-or-Pay Quantity
MW
MWh
National Grid Corporation of the Philippines
Net Electrical Output
Operating Committee
Operating Procedures
Operating Year
Performance Security
Performance Standards
Permits
Philippine Grid Code
Planned Outage
Power Producer
Power Purchaser
Project Site
Prudent Utility Practice
Reactive Power
Renewable Energy Act
Renewable Energy Certificates
Required Commercial Operation Date
Scheduled Commercial Operation Date
Scheduled Maintenance
Site
Solar Energy Facility
Solar Panels
Solar Power Plant
Step-in Rights
System Emergency
System Operator
Take-or-Pay Amount
Technical Limits
Term
Testing
Transmission Line
Unplanned Outage
WESM
Clauses
Sale and Purchase
Supply Obligations
Metering
Billing and Payment
Force Majeure
Change in Law
Representations and Warranties
Construction
Testing and Commissioning
Performance Standards
Grid Connection
Operation and Maintenance
Environmental Compliance
Regulatory Compliance
Insurance
Security
Default
Termination
Dispute Resolution
Confidentiality
Assignment
Indemnification
Liability
Performance Guarantee
Site Access
Technical Requirements
Safety Standards
Notices
Records and Audit
Intellectual Property
Anti-corruption
Data Protection
Governing Law
Amendments
Waiver
Severability
Entirety
Performance Security
Price Adjustment
Emergency Procedures
Step-in Rights
Relevant Industries

Energy & Utilities

Manufacturing

Real Estate & Construction

Technology & Telecommunications

Banking & Finance

Industrial & Mining

Retail & Commercial

Healthcare

Agriculture & Food Processing

Hospitality & Tourism

Relevant Teams

Legal

Procurement

Sustainability

Operations

Finance

Risk Management

Facilities Management

Environmental Compliance

Business Development

Technical Operations

Regulatory Affairs

Commercial

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Chief Legal Officer

Chief Sustainability Officer

Energy Procurement Manager

Sustainability Manager

Legal Counsel

Commercial Director

Facilities Manager

Operations Director

Project Development Manager

Risk Manager

Regulatory Compliance Officer

Environmental Manager

Finance Director

Technical Director

Procurement Manager

Contract Manager

Energy Manager

Business Development Director

Industries
Renewable Energy Act of 2008 (Republic Act No. 9513): Primary legislation governing renewable energy development in the Philippines, including solar power. Provides fiscal and non-fiscal incentives for RE projects.
Electric Power Industry Reform Act of 2001 (EPIRA): Establishes the framework for the electricity sector, including power generation, transmission, and distribution regulations.
Energy Regulatory Commission (ERC) Resolution No. 07, Series of 2019: Guidelines for the registration of renewable energy suppliers and defines rules for RE supply contracts.
Philippine Grid Code: Technical requirements and standards for connecting solar facilities to the national grid system.
Clean Air Act (Republic Act No. 8749): Environmental regulations that may affect the installation and operation of solar facilities.
Corporation Code of the Philippines: Governs corporate transactions and agreements between business entities.
Civil Code of the Philippines: Provides the basic framework for contracts and obligations in the Philippines.
Foreign Investment Act (Republic Act No. 7042): Regulates foreign investment and ownership limitations in various sectors including energy.
Consumer Act of the Philippines (Republic Act No. 7394): Protects consumer interests in terms of pricing and service quality in power supply agreements.
DOE Department Circular No. DC2020-04-0009: Guidelines for the implementation of the Green Energy Option Program (GEOP) allowing end-users to choose RE as their power source.
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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