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Corporate PPA
"I need a Corporate PPA template for a manufacturing company looking to purchase 100% renewable energy from a solar facility in Victoria, with operations starting March 2025, including provisions for LGC transfers and a minimum 10-year term."
1. Parties: Identification of the contracting parties - typically the generator/seller and the corporate buyer
2. Background: Context of the agreement, including facility details and purpose of the PPA
3. Definitions and Interpretation: Comprehensive definitions of terms used throughout the agreement and interpretation rules
4. Term and Conditions Precedent: Duration of the agreement and any conditions that must be met before the agreement becomes effective
5. Sale and Purchase Obligations: Core obligations regarding the sale and purchase of electricity and/or environmental attributes
6. Price and Payment Terms: Pricing structure, payment mechanisms, and billing procedures
7. Metering and Settlement: Requirements for measuring electricity output and settling payments
8. Performance Requirements: Generation commitments, availability guarantees, and performance standards
9. Connection and Delivery: Arrangements for grid connection and electricity delivery
10. Force Majeure: Events excusing performance and associated procedures
11. Default and Termination: Events of default, cure periods, and termination rights
12. Liability and Indemnities: Allocation of risks and responsibilities between parties
13. Dispute Resolution: Procedures for resolving disputes between parties
14. Confidentiality: Protection of confidential information and permitted disclosures
15. General Provisions: Standard boilerplate clauses including notices, assignment, and governing law
1. Environmental Products: Detailed provisions for renewable energy certificates and other environmental attributes, used when these are part of the transaction
2. Change in Law: Provisions addressing regulatory changes, included when operating in volatile regulatory environments
3. Insurance: Specific insurance requirements, included for larger or higher-risk projects
4. Security: Credit support and security requirements, included when required by either party's risk assessment
5. Forecast and Reporting: Generation forecasting obligations, included when specific reporting requirements are needed
6. Operating Committee: Establishment of joint committee for operational decisions, included for complex or large-scale PPAs
7. Development and Construction: Included when the generating facility is not yet operational
8. Market Participation: Rules for participating in electricity markets, included when relevant to the commercial structure
1. Facility Description: Technical specifications of the generating facility
2. Pricing Schedule: Detailed pricing mechanisms, calculations, and adjustments
3. Testing and Commissioning: Procedures for facility testing and commissioning
4. Operating Parameters: Technical and operational requirements for the facility
5. Metering Specifications: Technical requirements for metering equipment and procedures
6. Form of Performance Security: Template for any required performance bonds or guarantees
7. Generation Forecasting: Requirements and procedures for generation forecasting
8. Contact Details: Key contact information for both parties
9. Approved Subcontractors: List of approved contractors for facility operation
10. Form of Direct Agreement: Template agreement for financier step-in rights
Authors
AEMO
Agreed Price
Availability
Billing Period
Business Day
Change in Law
Commercial Operation Date
Commencement Date
Commissioning
Compensation
Confidential Information
Connection Point
Contract Capacity
Contract Year
Contracted Volume
Control
Curtailment
Delivery Point
Dispatch
Environmental Attributes
Environmental Products
Event of Default
Facility
Force Majeure Event
Generator Performance Guarantee
Good Industry Practice
Grid
GST
Insolvency Event
Installation
Interconnection Agreement
Large-scale Generation Certificates (LGCs)
Loss Factors
Market Operator
Market Price
Metering Data
Metering Installation
Minimum Generation
National Electricity Law
National Electricity Rules
Network
Network Service Provider
Operating Parameters
Operating Committee
Performance Security
Planned Maintenance
Project
Project Documents
Purchase Price
Receiving Party
Related Body Corporate
Renewable Energy Certificate
Required Commercial Operation Date
Settlement Period
Site
Spot Price
System Operator
Term
Testing
Trading Interval
Trading Period
Transmission Network
Unplanned Outage
Pricing
Payment
Metering
Delivery
Generation Obligations
Performance Standards
Environmental Attributes
Force Majeure
Change in Law
Default
Termination
Liability
Indemnification
Insurance
Security
Market Operation
Grid Connection
Testing and Commissioning
Maintenance
Representations and Warranties
Confidentiality
Dispute Resolution
Assignment
Subcontracting
Notices
Governing Law
Tax
Anti-corruption
Record Keeping
Reporting
Intellectual Property
Data Protection
Health and Safety
Environmental Compliance
Credit Support
Emergency Procedures
Step-in Rights
Forecasting
Title and Risk
Energy & Utilities
Manufacturing
Mining
Data Centers & Technology
Industrial Processing
Retail
Commercial Real Estate
Healthcare
Education
Telecommunications
Agriculture
Food & Beverage
Legal
Procurement
Sustainability
Finance
Risk Management
Operations
Environmental Compliance
Energy Management
Facilities Management
Treasury
Corporate Strategy
Chief Sustainability Officer
Energy Procurement Manager
Legal Counsel
Commercial Manager
Sustainability Manager
Risk Manager
Chief Financial Officer
Procurement Director
Environmental Compliance Officer
Operations Manager
Energy Trading Manager
Contract Manager
Project Manager
Facilities Manager
Chief Operating Officer
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