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Direct Power Purchase Agreement Template for Belgium

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Key Requirements PROMPT example:

Direct Power Purchase Agreement

"I need a Direct Power Purchase Agreement under Belgian law for a 15-year term starting March 2025, between our manufacturing company and a solar power producer in Flanders, with an annual purchase commitment of 50,000 MWh and provisions for green certificates transfer."

Document background
Direct Power Purchase Agreements (PPAs) have become increasingly important in Belgium's energy market as corporations seek to secure long-term, sustainable power supplies. This document type is primarily used when a corporate entity wishes to purchase electricity directly from a power generator, often to meet sustainability goals or secure price certainty. The agreement is structured to comply with Belgian federal and regional energy regulations, as well as relevant EU directives, particularly regarding renewable energy and electricity market operations. It covers essential aspects such as delivery terms, pricing mechanisms, risk allocation, and regulatory compliance, while accounting for Belgium's unique market structure where energy competencies are shared between federal and regional authorities. The Direct Power Purchase Agreement is particularly relevant in the context of Belgium's energy transition and growing corporate demand for renewable energy solutions.
Suggested Sections

1. Parties: Identification of the power producer/seller and the corporate buyer/offtaker, including full legal names and registration details

2. Background: Context of the agreement, including facility details, purpose of the PPA, and relevant regulatory framework

3. Definitions: Detailed definitions of technical, commercial, and legal terms used throughout the agreement

4. Sale and Purchase Obligations: Core obligations regarding the sale and purchase of electricity, including volume commitments

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

6. Delivery Point and Title Transfer: Specification of where electricity will be 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, invoicing, and payment security

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

10. Change in Law: Provisions addressing regulatory changes affecting the agreement

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

12. Governing Law and Dispute Resolution: Belgian law provisions and dispute resolution mechanisms

Optional Sections

1. Green Certificates and Environmental Attributes: Required if the PPA includes transfer of environmental benefits or certificates

2. Grid Connection and Curtailment: Needed if the buyer has specific responsibilities regarding grid connection or curtailment risks

3. Construction and Commissioning: Required for PPAs signed before facility construction is complete

4. Credit Support: Include if parties require parent company guarantees or other credit support

5. Insurance: Detailed insurance requirements if not covered in general representations

6. Trading and Balancing Responsibility: Required if agreement includes specific provisions about balancing responsibilities

7. Change of Control: Include if parties want specific rights regarding ownership changes

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

Suggested Schedules

1. Facility Description: Technical specifications of the generation facility

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

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

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

5. Form of Direct Agreement: Standard form for direct agreements with lenders if required

6. Performance Security: Forms of required performance security or guarantees

7. Contact Details: Key contacts and notice information for both parties

8. Grid Connection Details: Technical specifications of grid connection arrangements

9. Commissioning Tests: Required tests and procedures for facility commissioning

10. Calculation of Liquidated Damages: Formulas and examples 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

Relevant legal definitions













































































Clauses











































Relevant Industries

Energy & Utilities

Renewable Energy

Manufacturing

Technology

Industrial

Real Estate

Data Centers

Retail

Food & Beverage

Telecommunications

Financial Services

Pharmaceuticals

Chemical Industry

Relevant Teams

Legal

Procurement

Finance

Operations

Sustainability

Risk Management

Facilities Management

Environmental Compliance

Energy Trading

Corporate Strategy

Technical Operations

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Energy Manager

Sustainability Director

Procurement Manager

Legal Counsel

Risk Manager

Operations Director

Facilities Manager

Environmental Compliance Officer

Power Trading Manager

Contract Manager

Technical Director

Project Manager

Corporate Strategy Director

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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