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Green Power Purchase Agreement

Green Power Purchase Agreement Template for Austria

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Key Requirements PROMPT example:

Green Power Purchase Agreement

"I need a Green Power Purchase Agreement under Austrian law for a 50MW solar project in Styria, where my company will be purchasing 100% of the output for 15 years starting March 2025, with quarterly pricing adjustments linked to the Austrian wholesale electricity market."

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Document background
This Green Power Purchase Agreement template is designed for use in the Austrian market, where renewable energy transactions must comply with both national legislation and EU regulatory frameworks. The document is particularly relevant for corporate entities seeking to secure long-term renewable electricity supply and renewable energy producers looking to ensure stable revenue streams. It incorporates requirements from the Austrian Green Electricity Act, EU Renewable Energy Directive (RED II), and related energy market regulations. The agreement typically covers periods of 10-15 years and includes detailed provisions for energy delivery, pricing, guarantees of origin, grid access, and risk allocation. It's structured to accommodate various renewable energy sources and can be adapted for different scales of power generation, from utility-scale wind farms to solar installations.
Suggested Sections

1. Parties: Identification of the power producer/seller and the buyer/offtaker

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 the sale and purchase of renewable electricity

5. Term and Termination: Duration of the agreement, conditions for renewal, and termination rights

6. Delivery Point and Title Transfer: Specification of where electricity is delivered and when title passes

7. Metering and Documentation: Requirements for measuring delivered electricity and maintaining records

8. Price and Payment Terms: Pricing structure, payment mechanics, and invoicing procedures

9. Guarantees of Origin: Handling and transfer of renewable energy certificates or guarantees of origin

10. Force Majeure: Events excusing performance and associated procedures

11. Change in Law: Procedures for addressing regulatory changes affecting the agreement

12. Representations and Warranties: Standard and specific warranties from both parties

13. Dispute Resolution: Procedures for resolving disputes under Austrian law

14. Governing Law: Confirmation of Austrian law as governing law and jurisdiction

15. Confidentiality: Protection of confidential information and permitted disclosures

Optional Sections

1. Construction and Commissioning: Include if the facility is not yet operational, covering construction milestones and commissioning requirements

2. Storage Provisions: Include if the project includes energy storage components

3. Curtailment: Include if specific curtailment rights and compensation are required

4. Direct Marketing: Include if the seller acts as direct marketer under the Green Electricity Act

5. Carbon Benefits: Include if carbon credits or other environmental attributes besides GOs are relevant

6. Grid Connection: Include if grid connection responsibilities need specific allocation

7. Performance Guarantees: Include if specific performance levels are guaranteed with liquidated damages

8. Financial Security: Include if parent company guarantees or other security is required

Suggested Schedules

1. Facility Description: Technical specifications of the renewable energy facility

2. Pricing Mechanism: Detailed pricing calculations, adjustments, and examples

3. Operating Parameters: Technical parameters, including capacity, availability, and maintenance

4. Metering Specifications: Detailed metering requirements and procedures

5. Testing Procedures: Commissioning and performance test procedures

6. Form of Guarantees: Templates for any required guarantees or security

7. Communication Protocols: Procedures for operational communications and notifications

8. Insurance Requirements: Required insurance coverage and terms

9. Form of Direct Agreement: Template for lender direct agreement if project financed

10. Guarantee of Origin Procedures: Detailed procedures for GO transfers and documentation

Authors

Alex Denne

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

alex.den.21@genieai.co
Relevant legal definitions





























































Clauses









































Relevant Industries

Renewable Energy

Manufacturing

Technology

Industrial Production

Real Estate

Data Centers

Retail

Banking and Finance

Healthcare

Telecommunications

Agriculture

Food and Beverage

Relevant Teams

Legal

Procurement

Sustainability

Finance

Risk Management

Operations

Environmental Compliance

Energy Trading

Corporate Strategy

Technical Operations

Relevant Roles

Chief Sustainability Officer

Energy Procurement Manager

Legal Counsel

Commercial Director

Sustainability Manager

Risk Manager

Chief Financial Officer

Environmental Compliance Officer

Energy Trading Manager

Procurement Director

Corporate Strategy Director

Operations Manager

Technical Director

Project Finance Manager

Industries










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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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