Green Power Purchase Agreement Template for Denmark

The Green Power Purchase Agreement (Green PPA) is a crucial instrument in Denmark's renewable energy landscape, enabling direct procurement of green electricity between generators and corporate consumers. This document type has gained significant importance as organizations seek to meet sustainability goals and secure long-term clean energy supply. Used when a company wishes to purchase renewable electricity directly from a generator, it reflects Denmark's advanced regulatory framework and established renewable energy market. The agreement includes essential provisions for power delivery, pricing, guarantees of origin, and grid compliance, while addressing specific Danish market characteristics and regulatory requirements. It's particularly relevant given Denmark's ambitious climate targets and the increasing corporate demand for documented green energy consumption.

1. Parties: Identification of the seller (generator) and buyer, including company details and registration numbers

2. Background: Context of the agreement, including facility details and parties' objectives

3. Definitions: Definitions of key terms used throughout the agreement

4. Sale and Purchase Obligation: Core obligations regarding the sale and purchase of electricity

5. Term and Termination: Duration of agreement, conditions for renewal, and termination rights

6. Delivery Point and Transfer of Risk: Specification of where electricity is delivered and risk transfer

7. Metering and Documentation: Requirements for measuring delivered electricity and maintaining records

8. Price and Payment Terms: Pricing structure, payment mechanics, and invoicing requirements

9. Guarantees of Origin: Transfer and handling of renewable energy certificates

10. Force Majeure: Events excusing performance and associated procedures

11. Change in Law: Mechanism for addressing regulatory changes affecting the agreement

12. Representations and Warranties: Standard and specific warranties from both parties

13. Liability and Indemnification: Allocation of risks and liability caps

14. Confidentiality: Protection of confidential information

15. Dispute Resolution: Procedure for resolving disputes under Danish law

16. Governing Law: Confirmation of Danish law as governing law

17. Miscellaneous: Standard boilerplate provisions including notices, amendments, and assignment