PPA Agreement Template for Philippines

1. Interconnection Facilities: Details of grid connection requirements and responsibilities - include if the project requires new interconnection facilities

2. Renewable Energy Certificates: Provisions regarding RECs and environmental attributes - include for renewable energy projects

3. Carbon Credits: Allocation of carbon credits and trading rights - include if carbon credit trading is contemplated

4. Insurance: Specific insurance requirements beyond standard coverage - include for high-risk projects

5. Local Community Benefits: Commitments to local community development - include if required by local regulations or social responsibility programs

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

7. Change in Law: Detailed provisions for handling regulatory changes - include if regulatory environment is volatile

8. Emergency Procedures: Specific procedures for emergency situations - include for critical power supply agreements

1. Schedule 1 - Technical Specifications: Detailed technical specifications of the power facility

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

3. Schedule 3 - Tariff and Payment Calculations: Detailed methodology for calculating payments and adjustments

4. Schedule 4 - Minimum Performance Standards: Required performance levels and associated penalties

5. Schedule 5 - Interconnection Requirements: Technical requirements for grid connection

6. Schedule 6 - Operating Procedures: Detailed procedures for day-to-day operation

7. Schedule 7 - Form of Performance Security: Template and requirements for performance security

8. Schedule 8 - Permits and Licenses: List of required governmental approvals

9. Appendix A - Site Description: Detailed description and maps of the facility site

10. Appendix B - Single Line Diagram: Technical diagram of electrical connections and components