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Power Purchase Agreement Wind
"I need a Wind Power Purchase Agreement for a 100MW wind farm project in East Java, Indonesia, where my company (PT Green Wind Energy) will be selling power to PLN, with expected commercial operation date in March 2025."
1. Parties: Identification of the power producer (seller) and the power purchaser (typically PLN in Indonesia)
2. Background: Context of the agreement, including project location, capacity, and regulatory framework
3. Definitions: Detailed definitions of technical, financial, and legal terms used throughout the agreement
4. Sale and Purchase Obligations: Core obligations including commitment to sell/purchase electricity, exclusivity provisions
5. Term and Termination: Duration of the agreement, conditions for extension, and termination rights
6. Construction and Development: Requirements and timeline for facility construction, testing, and commissioning
7. Commercial Operation: Conditions for achieving commercial operation date and related procedures
8. Operating Requirements: Technical and operational standards, maintenance requirements
9. Metering and Testing: Requirements for measuring delivered electricity and testing procedures
10. Billing and Payment: Payment terms, calculations, invoicing procedures, and dispute resolution
11. Force Majeure: Definition of force majeure events and consequences
12. Insurance: Required insurance coverage and related obligations
13. Assignment and Change of Control: Conditions for transfer of rights and change in ownership
14. Dispute Resolution: Procedures for resolving disputes under Indonesian law
15. Governing Law: Confirmation of Indonesian law as governing law and jurisdiction
1. Direct Agreement: Required if project financing is involved, addressing lender's step-in rights
2. Carbon Credits: Optional section for allocation of carbon credits or other environmental attributes
3. Local Content Requirements: Required if specific local content obligations apply under Indonesian regulations
4. Grid System Emergency: Optional detailed procedures for grid emergencies and curtailment
5. Deemed Generation: Optional provisions for payment during grid unavailability or curtailment
6. Performance Security: Required if specific performance guarantees or bonds are needed
1. Facility Description: Technical specifications of the wind power facility
2. Site Description: Detailed description and maps of project location
3. Testing Procedures: Detailed procedures for testing and commissioning
4. Tariff and Payment Calculations: Detailed pricing formula and payment calculations
5. Minimum Functional Specifications: Technical requirements for the facility
6. Grid Connection Requirements: Technical specifications for grid interconnection
7. Performance Standards: Required operational performance metrics
8. Form of Construction Security: Template for construction period security
9. Form of Operating Security: Template for operation period security
10. Insurance Requirements: Detailed list of required insurance coverage
11. Environmental and Social Requirements: Environmental and social compliance requirements
Authors
Renewable Energy
Power Generation
Utilities
Infrastructure
Clean Technology
Energy
Project Finance
Construction
Legal
Project Development
Commercial
Finance
Operations
Regulatory Affairs
Business Development
Risk Management
Environmental Compliance
Technical
Contract Management
Chief Executive Officer
Chief Legal Officer
General Counsel
Project Development Manager
Commercial Director
Energy Trading Manager
Technical Director
Chief Financial Officer
Regulatory Compliance Manager
Business Development Manager
Project Finance Manager
Operations Manager
Risk Manager
Contract Manager
Environmental Compliance Officer
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