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Power Purchase Agreement Solar
"I need a Power Purchase Agreement Solar for a 5MW rooftop installation in Flanders, Belgium, with construction starting March 2025 and operations beginning September 2025, including provisions for green certificates and battery storage integration."
1. Parties: Identification and details of the Generator (solar plant operator) and the Buyer
2. Background: Context of the agreement, including facility location and purpose
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 electricity, including minimum purchase commitments
5. Term and Termination: Duration of the agreement, conditions for renewal, and termination rights
6. Delivery Point and Title Transfer: Specification of the delivery point and transfer of ownership of electricity
7. Metering and Documentation: Requirements for measuring delivered electricity and maintaining records
8. Price and Payment Terms: Pricing structure, invoicing process, and payment conditions
9. Generator Obligations: Responsibilities of the solar plant operator, including maintenance and operations
10. Buyer Obligations: Responsibilities of the electricity purchaser
11. Grid Connection and Access: Requirements and responsibilities for grid connection and access
12. Force Majeure: Definition and consequences of force majeure events
13. Representations and Warranties: Standard declarations by both parties regarding capacity and authority
14. Insurance: Required insurance coverage for both parties
15. Dispute Resolution: Procedures for resolving disputes under Belgian law
16. Governing Law: Confirmation of Belgian law as governing law and jurisdiction
1. Green Certificates and Environmental Attributes: Provisions regarding ownership and transfer of environmental benefits - include when green certificates or other environmental attributes are part of the transaction
2. Construction and Commissioning: Include when the facility is not yet operational, covering construction milestones and commissioning requirements
3. Performance Guarantees: Technical performance guarantees - include when specific output levels are guaranteed
4. Change in Law: Provisions for dealing with regulatory changes - include when contract term exceeds 5 years
5. Direct Agreement: Include when project financing is involved, addressing lender's step-in rights
6. Battery Storage: Include when the solar installation includes storage capabilities
7. Curtailment: Include when grid operator has right to curtail production
8. Export Limitations: Include when there are restrictions on exporting excess power to the grid
1. Schedule 1 - Facility Description: Technical specifications of the solar installation
2. Schedule 2 - Testing and Commissioning Procedures: Detailed procedures for facility testing and commissioning
3. Schedule 3 - Pricing Formula: Detailed pricing calculations and adjustment mechanisms
4. Schedule 4 - Metering Specifications: Technical requirements for metering equipment and procedures
5. Schedule 5 - Operating Parameters: Operating procedures and performance standards
6. Schedule 6 - Form of Direct Agreement: Template agreement for lender's step-in rights
7. Schedule 7 - Insurance Requirements: Detailed insurance requirements and minimum coverage
8. Appendix A - Site Plan: Drawings and specifications of the installation site
9. Appendix B - Single Line Diagram: Technical diagram of electrical connections
10. Appendix C - Generation License: Copy of relevant permits and licenses
Authors
Energy & Utilities
Renewable Energy
Manufacturing
Real Estate
Technology
Financial Services
Industrial
Retail
Healthcare
Education
Legal
Procurement
Sustainability
Finance
Operations
Risk Management
Technical Services
Commercial
Environmental Compliance
Energy Trading
Project Management
Business Development
Energy Procurement Manager
Sustainability Director
Chief Financial Officer
Legal Counsel
Technical Director
Project Manager
Risk Manager
Commercial Manager
Operations Director
Facility Manager
Environmental Compliance Officer
Energy Trading Manager
Contract Administrator
Business Development Manager
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