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Contract For Differences PPA
"I need a Contract for Differences PPA under Belgian law for a 50MW solar project in Flanders, with commissioning expected in March 2025 and a 15-year term, including specific provisions for green certificates trading and battery storage capabilities."
1. Parties: Identification and details of the contracting parties
2. Background: Context of the agreement, including facility details and party intentions
3. Definitions: Defined terms used throughout the agreement, including market-specific terminology
4. CfD Structure: Core mechanics of the CfD, including strike price, reference price, and settlement calculations
5. Term and Termination: Duration of the agreement and circumstances for early termination
6. Payment and Settlement: Payment mechanics, timing, and settlement procedures
7. Metering and Records: Requirements for measuring and recording electricity generation
8. Credit Support: Security requirements and credit support mechanisms
9. Force Majeure: Events constituting force majeure and consequential rights/obligations
10. Change in Law: Provisions dealing with regulatory changes affecting the contract
11. Representations and Warranties: Standard and specific warranties from each party
12. Dispute Resolution: Procedures for resolving disputes between parties
13. Governing Law: Specification of Belgian law as governing law and jurisdiction
1. Green Certificates: Provisions relating to green certificates and environmental attributes, included when relevant to the project
2. Capacity Market Participation: Terms regarding capacity market participation, if applicable
3. Insurance: Specific insurance requirements, included for larger projects or when required by financiers
4. Development Obligations: Included for projects not yet operational, covering construction and commissioning requirements
5. Direct Agreement: Provisions for lender direct agreements, included when project financing is involved
6. Grid Connection: Specific provisions relating to grid connection obligations, included when relevant to risk allocation
1. Facility Description: Technical specifications of the generating facility
2. Pricing and Settlement: Detailed pricing mechanics, calculations, and settlement procedures
3. Testing and Commissioning: Requirements and procedures for facility testing and commissioning
4. Metering Specifications: Technical requirements for metering equipment and procedures
5. Form of Direct Agreement: Template direct agreement for lenders
6. Credit Support Requirements: Detailed credit support calculations and requirements
7. Operating Parameters: Technical operating specifications and requirements
8. Form of Notices: Template notices for various contract procedures
9. Calculation Examples: Example calculations for CfD settlements and adjustments
Authors
Renewable Energy
Solar Power
Wind Power
Energy Trading
Utilities
Industrial Manufacturing
Data Centers
Financial Services
Green Technology
Corporate Energy Procurement
Legal
Finance
Risk Management
Energy Trading
Procurement
Sustainability
Treasury
Operations
Regulatory Affairs
Commercial
Business Development
Energy Trading Manager
Legal Counsel
Commercial Director
Risk Manager
Chief Financial Officer
Procurement Manager
Sustainability Director
Project Finance Manager
Energy Markets Analyst
Regulatory Compliance Officer
Portfolio Manager
Business Development Director
Environmental Manager
Operations Director
Treasury Manager
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