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Master Power Purchase And Sale Agreement
"I need a Master Power Purchase and Sale Agreement under Australian law for a solar power facility in Queensland, with the seller being a renewable energy developer and the buyer being a large industrial manufacturer, including specific provisions for environmental certificates and planned commercial operation date of March 2025."
1. Parties: Identification of the contracting parties including full legal names and addresses
2. Background: Context of the agreement including purpose and relationship between parties
3. Definitions: Detailed definitions of terms used throughout the agreement
4. Transaction Procedures: Procedures for entering into power purchase transactions including confirmation requirements
5. Obligations and Deliveries: Core obligations regarding power delivery, receipt, and scheduling
6. Pricing and Payment: Terms for calculating prices, invoicing, and payment procedures
7. Credit and Security: Credit support requirements and security arrangements
8. Force Majeure: Circumstances constituting force majeure and resulting rights and obligations
9. Default and Remedies: Events of default, cure periods, and available remedies
10. Term and Termination: Agreement duration, renewal provisions, and termination rights
11. Dispute Resolution: Procedures for resolving disputes including jurisdiction and governing law
12. Representations and Warranties: Standard and specific representations and warranties of each party
13. Indemnification: Mutual indemnification obligations and procedures
14. Confidentiality: Protection and handling of confidential information
15. General Provisions: Standard boilerplate provisions including notices, amendments, and assignment
1. Environmental Attributes: Terms relating to renewable energy certificates and environmental benefits, used when dealing with renewable energy sources
2. Capacity Rights: Provisions regarding capacity market participation, used when relevant to the market structure
3. Network Connection: Terms relating to grid connection and network services, used when seller is responsible for connection
4. Development and Construction: Provisions for new generation facilities, used when agreement covers facilities under development
5. Operating Requirements: Specific operational standards and requirements, used for complex generating facilities
6. Insurance: Specific insurance requirements, used when standard coverage provisions are insufficient
7. Change in Law: Provisions addressing regulatory changes, used in long-term agreements
8. Carbon Price Mechanism: Terms addressing carbon pricing impacts, used when carbon pricing affects the transaction
1. Schedule 1 - Transaction Confirmation Form: Standard form for confirming individual transactions under the master agreement
2. Schedule 2 - Pricing Methodology: Detailed methodology for calculating energy prices including any adjustments
3. Schedule 3 - Credit Support Requirements: Specific credit support obligations and calculations
4. Schedule 4 - Delivery Points: Specification of physical delivery points and associated requirements
5. Schedule 5 - Generation Facility Specifications: Technical details of the generation facilities
6. Schedule 6 - Metering Requirements: Specifications for metering equipment and procedures
7. Schedule 7 - Operating Parameters: Detailed operating requirements and parameters
8. Appendix A - Form of Security: Standard form of any required security documents
9. Appendix B - Notices: Contact details and procedures for various types of notices
10. Appendix C - Special Conditions: Any jurisdiction-specific or special conditions applicable to the agreement
Authors
AEMO
Affiliate
Ancillary Services
Australian Consumer Law
Authorized Representative
Billing Cycle
Business Day
Capacity
Change in Law
Claim
Commencement Date
Confirmation
Contract Price
Contract Quantity
Credit Support
Defaulting Party
Delivery Point
Dispatch
Distribution Network
Early Termination Date
Electricity
Emergency
Environmental Attributes
Event of Default
Expiration Date
Force Majeure
Generation Facility
Good Industry Practice
Governing Documents
GST
Hedge Contract
Indemnified Party
Insolvency Event
Interest Rate
Interruption
Invoice
Large-scale Generation Certificates
Letter of Credit
Loss
Market Operator
Market Price
Material Adverse Effect
Metering Data
Minimum Credit Rating
National Electricity Law
National Electricity Rules
Network Service Provider
Non-Defaulting Party
Operating Parameters
Parent Company Guarantee
Party/Parties
Payment Security
Peak Period
Performance Assurance
Planned Outage
Point of Connection
Power Station
Prudential Requirements
Purchase Price
Receiving Party
Regulatory Event
Related Body Corporate
Renewable Energy Certificate
Required Authorizations
Scheduled Maintenance
Security Interest
Seller's Facility
Settlement Period
Spot Price
System Emergency
Term
Termination Payment
Trading Interval
Transaction
Transmission Network
Unplanned Outage
Definitions
Transaction Procedures
Delivery and Receipt
Title and Risk
Measurement and Testing
Pricing and Payment
Billing and Settlement
Credit Support
Performance Assurance
Force Majeure
Events of Default
Remedies
Termination Rights
Market Disruption
Scheduling and Operations
Environmental Attributes
Representations and Warranties
Indemnification
Limitation of Liability
Dispute Resolution
Governing Law
Confidentiality
Assignment
Notices
Taxes and GST
Insurance
Regulatory Compliance
Change in Law
Network Connection
Metering
Records and Audit
Anti-corruption
Facility Operations
Emergency Procedures
Maintenance
Security Interest
Boilerplate Provisions
Energy & Utilities
Renewable Energy
Mining
Manufacturing
Data Centers
Industrial Processing
Agriculture
Commercial Real Estate
Retail
Healthcare
Legal
Energy Trading
Risk Management
Commercial
Operations
Finance
Regulatory Affairs
Treasury
Sustainability
Business Development
Contract Management
Energy Trading Manager
Commercial Director
Legal Counsel
Risk Manager
Regulatory Compliance Officer
Chief Financial Officer
Energy Operations Manager
Business Development Manager
Power Plant Manager
Contract Administrator
Energy Markets Analyst
Sustainability Manager
Treasury Manager
Chief Operating Officer
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