The Power Purchase Agreement Wind is essential for establishing long-term commercial arrangements between wind power producers and purchasers in Singapore. This document is typically used when parties seek to establish a stable, long-term relationship for renewable energy supply, particularly in the context of Singapore's green energy transition. The agreement addresses key aspects such as energy pricing, delivery commitments, grid connection requirements, and compliance with Singapore's regulatory framework. It includes specific provisions for wind power generation, taking into account the unique characteristics of wind resources in Singapore's geographical setting and the technical requirements for grid integration.
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1. Parties: Identification of the power producer (seller) and purchaser, including full legal names and addresses
2. Background: Context of the agreement, including facility details and purpose of the arrangement
3. Definitions: Key terms used tHRoughout the agreement, including technical and commercial terms
4. Sale and Purchase Obligations: Core obligations regarding the sale and purchase of wind power
5. Term and Termination: Duration of agreement and termination provisions
6. Price and Payment: Pricing mechanism, billing, and payment terms
7. Metering and Testing: Requirements for measuring delivered electricity
8. Grid Connection: Requirements for connection to Singapore's power grid
1. Construction and Development: Terms regarding facility construction - use for new facilities only
2. Environmental Attributes: Treatment of renewable energy certificates and credits - use when parties wish to address renewable attributes separately
3. Performance Security: Requirements for performance bonds or guarantees - use when required by purchaser
4. Change in Law: Provisions dealing with regulatory changes - recommended for longer-term agreements
1. Facility Description: Technical specifications of the wind power facility
2. Testing Procedures: Detailed procedures for testing and commissioning
3. Pricing Formula: Detailed calculation of power price including adjustments
4. Operating Procedures: Day-to-day operational requirements and protocols
5. Performance Standards: Required technical and operational standards
6. Form of Performance Security: Template for required security instruments
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