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Power Purchase Agreement

Power Purchase Agreement Template for Austria

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Key Requirements PROMPT example:

Power Purchase Agreement

"I need a Power Purchase Agreement under Austrian law for a new solar power facility that will begin operations in March 2025, selling power to a large industrial manufacturer, with particular emphasis on green certificates and sustainability reporting requirements."

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Document background
Power Purchase Agreements (PPAs) are essential contracts in the Austrian energy market, used to formalize long-term electricity supply arrangements between generators and purchasers. These agreements are particularly crucial in both conventional and renewable energy sectors, providing certainty for project financing and operational planning. The document must comply with Austrian energy regulations, including the ElWOG and Green Electricity Act, while addressing commercial, technical, and operational aspects of power supply. PPAs typically include detailed provisions for pricing mechanisms, delivery points, metering requirements, performance standards, and risk allocation. They are increasingly important in Austria's evolving energy landscape, particularly for renewable energy projects seeking long-term revenue certainty and industrial consumers looking to secure sustainable power supplies.
Suggested Sections

1. Parties: Identification and details of the power seller and purchaser

2. Background: Context of the agreement, including facility details and purpose

3. Definitions: Definitions of technical, commercial, and legal terms used in the agreement

4. Sale and Purchase Obligation: Core obligations regarding the sale and purchase of electricity

5. Term and Termination: Duration of agreement, renewal terms, and termination rights

6. Price and Payment: Pricing structure, payment terms, invoicing, and dispute procedures

7. Delivery Point and Title Transfer: Specification of electricity delivery point and transfer of title

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

9. Seller's Obligations: Obligations regarding facility operation, maintenance, and compliance

10. Purchaser's Obligations: Obligations regarding acceptance and payment for electricity

11. Force Majeure: Definition and consequences of force majeure events

12. Default and Remedies: Events of default and available remedies

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

14. Liability and Indemnification: Allocation of risks and responsibilities between parties

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

16. Confidentiality: Protection of confidential information

17. Governing Law: Confirmation of Austrian law as governing law

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

Optional Sections

1. Green Certificates and Environmental Attributes: Required when dealing with renewable energy and associated environmental benefits

2. Construction and Commissioning: Needed for new facilities not yet operational

3. Grid Connection: Required when seller is responsible for grid connection arrangements

4. Insurance: Detailed insurance requirements, often included for larger facilities

5. Performance Security: Required when parties agree on security deposits or guarantees

6. Change in Law: Detailed provisions for handling regulatory changes, important for long-term PPAs

7. Forecasting and Scheduling: Required for variable renewable energy sources

8. Curtailment: Needed when grid operator may require reduction in generation

9. Testing and Certification: Required for new facilities or specific technical requirements

Suggested Schedules

1. Facility Description: Technical specifications of the power generation facility

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

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

4. Operating Parameters: Technical and operational specifications for the facility

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

6. Form of Direct Agreement: Standard form for direct agreements with lenders

7. Performance Standards: Detailed performance requirements and testing procedures

8. Grid Connection Requirements: Technical specifications for grid connection

9. Form of Performance Security: Template for any required performance security documents

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

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

Energy & Utilities

Renewable Energy

Manufacturing

Industrial Production

Commercial Real Estate

Data Centers

Mining

Agriculture

Telecommunications

Healthcare

Retail

Municipal Services

Relevant Teams

Legal

Commercial

Finance

Risk Management

Energy Trading

Procurement

Sustainability

Operations

Regulatory Affairs

Project Development

Business Development

Technical Operations

Contract Management

Relevant Roles

Energy Trading Manager

Legal Counsel

Commercial Director

Chief Financial Officer

Risk Manager

Energy Procurement Manager

Sustainability Director

Technical Operations Manager

Regulatory Compliance Officer

Project Finance Manager

Business Development Director

Power Plant Manager

Energy Contract Manager

Chief Operating Officer

Renewable Energy Developer

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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Power Purchase Agreement

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Austrian law-governed Virtual Power Purchase Agreement for renewable energy procurement, structured as a financial settlement mechanism with regulatory compliance.

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Green Power Purchase Agreement

Austrian-law governed agreement for long-term purchase of renewable electricity, compliant with local energy regulations and EU directives.

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An Austrian-law governed agreement for physical delivery of electricity between a power generator and buyer, complying with local energy regulations and EU directives.

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