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Power Purchase Contract
"I need a Power Purchase Contract governed by Belgian law for a 10-year agreement between our solar farm and a large industrial customer, with delivery starting January 2025, including provisions for green certificates and curtailment rights."
1. Parties: Identification of the power seller and buyer, including registration details and regulatory status
2. Background: Context of the agreement, including facility details and purpose of the contract
3. Definitions: Detailed definitions of technical, commercial, and legal terms used throughout the agreement
4. Sale and Purchase Obligations: Core obligations regarding electricity supply and purchase, including volume commitments
5. Term and Termination: Contract duration, conditions for renewal, and termination rights
6. Delivery Point and Transfer of Risk: Specification of the electricity delivery point and transfer of title and risk
7. Metering and Documentation: Requirements for measuring delivered electricity and maintaining records
8. Price and Payment Terms: Pricing structure, invoicing requirements, and payment procedures
9. Force Majeure: Definition and consequences of force majeure events
10. Representations and Warranties: Standard and specific warranties from both parties
11. Regulatory Compliance: Obligations regarding permits, licenses, and regulatory requirements
12. Dispute Resolution: Procedures for resolving disputes under Belgian law
13. Governing Law: Confirmation of Belgian law as governing law and jurisdiction
1. Green Certificates: Required when the agreement includes trading of green certificates or guarantees of origin
2. Capacity Requirements: Needed when specific capacity obligations are part of the agreement
3. Curtailment Provisions: Required for agreements with renewable energy sources
4. Change in Law: Important for long-term PPAs to address regulatory changes
5. Credit Support: Required when parties agree on security or credit requirements
6. Grid Connection: Necessary when the agreement includes responsibilities for grid connection
7. Performance Guarantees: Required when specific performance levels are guaranteed
8. Trading and Resale Rights: Needed when electricity trading or resale is permitted
1. Facility Description: Technical specifications of the generation facility
2. Pricing Mechanism: Detailed pricing calculations and adjustments
3. Operating Parameters: Technical and operational requirements
4. Metering Specifications: Detailed metering requirements and procedures
5. Form of Direct Agreement: Standard form for direct agreements with lenders
6. Performance Security: Forms and requirements for any required security
7. Contact Details: List of authorized representatives and contact information
8. Grid Connection Details: Technical specifications for grid connection
9. Planned Maintenance Schedule: Schedule of planned maintenance periods
10. Testing and Commissioning Procedures: Procedures for facility testing and commissioning
Authors
Energy & Utilities
Renewable Energy
Manufacturing
Heavy Industry
Data Centers
Commercial Real Estate
Public Sector
Agriculture
Mining
Chemical Industry
Food & Beverage
Retail
Legal
Procurement
Sustainability
Finance
Operations
Risk Management
Regulatory Affairs
Commercial
Business Development
Energy Trading
Project Development
Technical Operations
Environmental Compliance
Energy Procurement Manager
Sustainability Director
Chief Financial Officer
Legal Counsel
Energy Trading Manager
Renewable Energy Developer
Risk Manager
Commercial Director
Operations Manager
Regulatory Compliance Officer
Project Finance Manager
Business Development Manager
Corporate Strategy Director
Facility Manager
Energy Manager
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