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Corporate Ppa Renewable (Energy)

Corporate Ppa Renewable (Energy) Template for Philippines

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Key Requirements PROMPT example:

Corporate Ppa Renewable (Energy)

"I need a Corporate PPA Renewable (Energy) agreement for a 50MW solar power facility in Luzon, Philippines, where my manufacturing company will purchase 80% of the generated power with a planned commercial operation date of March 2025, including provisions for energy storage and green certificates."

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Document background
This Corporate PPA Renewable (Energy) template is designed for use in the Philippine market where there is increasing corporate demand for renewable energy procurement. It serves as a comprehensive framework for direct power purchase arrangements between renewable energy generators and corporate buyers, complying with the Philippine Renewable Energy Act, EPIRA, and related regulations. The document is particularly relevant given the Philippines' renewable energy goals and the growing number of corporations committed to sustainability targets. It includes provisions for regulatory compliance, technical specifications, pricing mechanisms, and operational parameters specific to renewable energy generation. The agreement takes into account unique aspects of the Philippine energy market, including grid constraints, regulatory requirements, and the role of various market participants such as the Energy Regulatory Commission and distribution utilities.
Suggested Sections

1. Parties: Identification of the power producer and corporate buyer, including their legal status and authority to enter into the PPA

2. Background: Context of the agreement, including the renewable energy facility details and the buyer's power requirements

3. Definitions and Interpretation: Definitions of technical terms, industry-specific terminology, and interpretation rules

4. Sale and Purchase Obligations: Core obligations regarding the sale and purchase of renewable energy, including minimum take-or-pay provisions

5. Term and Effectiveness: Duration of the agreement, conditions precedent, and effectiveness requirements

6. Facility Requirements: Specifications of the renewable energy facility, including capacity and technical requirements

7. Delivery Points and Metering: Specification of delivery points and metering requirements for power delivery

8. Price and Payment: Pricing structure, payment terms, and billing procedures

9. Operating Procedures: Day-to-day operational requirements and procedures

10. Performance Standards: Required performance levels, availability guarantees, and quality standards

11. Force Majeure: Events constituting force majeure and their consequences

12. Regulatory Compliance: Compliance requirements with Philippine energy laws and regulations

13. Insurance: Required insurance coverage for both parties

14. Default and Termination: Events of default, cure periods, and termination rights

15. Dispute Resolution: Procedures for resolving disputes under Philippine law

16. Governing Law: Confirmation of Philippine law as governing law and relevant jurisdictional provisions

Optional Sections

1. Green Attributes: Section dealing with renewable energy certificates and environmental attributes, used when the buyer wants to claim environmental benefits

2. Grid Connection: Detailed provisions about grid connection requirements, used when the facility requires new or modified grid connection

3. Development and Construction: Used for facilities not yet operational, covering construction milestones and requirements

4. Change in Law: Specific provisions for handling regulatory changes, particularly relevant in evolving renewable energy markets

5. Direct Agreement: Used when project financing is involved, covering lender's step-in rights

6. Deemed Generation: Provisions for calculating deemed generation in curtailment scenarios, relevant for variable renewable sources

7. Battery Storage: Used when the facility includes energy storage systems

8. Local Community Benefits: Provisions regarding benefits to local communities, relevant for larger projects

Suggested Schedules

1. Facility Description: Detailed technical specifications of the renewable energy facility

2. Testing and Commissioning Procedures: Procedures for testing and commissioning the facility

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

4. Price Calculation: Detailed methodology for calculating energy prices, including any adjustments

5. Operating Parameters: Specific operating procedures and parameters

6. Form of Performance Security: Template for performance security documents

7. Grid Connection Details: Technical specifications for grid connection

8. Production Forecasting: Methodology for forecasting renewable energy production

9. Contact Details: List of key contacts and authorized representatives

10. Forms of Certificates: Templates for various certificates required under the agreement

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

alex.den.21@genieai.co
Relevant legal definitions






























































Clauses









































Relevant Industries

Renewable Energy

Manufacturing

Industrial

Commercial Real Estate

Data Centers

Mining

Food and Beverage

Retail

Technology

Banking and Finance

Healthcare

Telecommunications

Relevant Teams

Legal

Procurement

Sustainability

Finance

Operations

Risk Management

Regulatory Compliance

Facilities Management

Corporate Strategy

Energy Management

Technical Operations

Relevant Roles

Chief Sustainability Officer

Energy Procurement Manager

Legal Counsel

Chief Financial Officer

Sustainability Director

Facilities Manager

Operations Director

Risk Manager

Commercial Director

Energy Trading Manager

Regulatory Compliance Officer

Technical Operations Manager

Project Finance 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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