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Contract For Differences Ppa
"I need a Contract for Differences PPA for a 50MW offshore wind farm in the North Sea, with LCCC as counterparty and commissioning date of March 2025, including specific provisions for intermittent generation and grid connection requirements."
1. 1. Parties: Identification of contracting parties and their legal status
2. 2. Background: Context of the agreement and relationship between parties
3. 3. Definitions: Key terms used throughout the agreement
4. 4. Term and Duration: Contract period and renewal provisions
5. 5. Payment Mechanism: Strike price, reference price, and difference payments calculation
6. 6. Metering Requirements: Specifications for measuring electricity generation
7. 7. Generator Obligations: Core obligations of the generating party
8. 8. Buyer Obligations: Core obligations of the purchasing party
9. 9. Default and Termination: Events of default and termination procedures
1. Change in Law Provisions: Additional clauses addressing the impact of regulatory changes, typically included for longer-term contracts or high-value installations
2. Force Majeure: Provisions dealing with unforeseeable circumstances preventing contract performance, included when requested by parties or for higher-risk projects
3. Direct Agreement Rights: Clauses establishing lender step-in rights, included when project financing is involved
1. Schedule 1: Facility Description: Technical specifications of the generating facility
2. Schedule 2: Testing Procedures: Commissioning and testing requirements
3. Schedule 3: Calculation Methodology: Detailed payment calculations and examples
4. Schedule 4: Form of Direct Agreement: Standard form agreement for lenders
5. Appendix A: Metering Specifications: Detailed technical requirements for metering
Authors
Affected Party
Agreement
Availability
Balancing Mechanism
Baseload Market Reference Price
Billing Period
BSC
Business Day
Calculation Period
CfD Counterparty
Change in Law
Commencement Date
Commercial Operation Date
Commissioned
Competent Authority
Contract Capacity
Contract Year
Contracted Generation
Default Interest Rate
Delivery Point
Difference Amount
Effective Date
Electrical Output
Eligible Generator
Event of Default
Facility
Force Majeure Event
Generated Output
Good Industry Practice
Grid Code
Grid Connection Agreement
Initial Term
Installed Capacity
Law
LCCC
Market Reference Price
Metering Equipment
Metering Point
Net Output
Operating Conditions
Outage
Payment Date
PPA
Project
Reference Price
Relevant Authority
Renewal Term
ROCs
Settlement Period
Strike Price
System Operator
Term
Termination Date
Testing Period
Trading Period
Conditions Precedent
Term and Duration
Sale and Purchase Obligations
Metering
Payment Terms
Price Adjustment
Strike Price
Reference Price
Billing and Settlement
Force Majeure
Change in Law
Availability and Performance
Generator Warranties
Buyer Warranties
Grid Connection
Commissioning
Testing
Maintenance
Insurance
Default
Termination
Liability and Indemnity
Dispute Resolution
Confidentiality
Assignment and Transfer
Notices
Governing Law
Jurisdiction
Representations and Warranties
Credit Support
Information Provision
Anti-corruption
Data Protection
Intellectual Property
Entirety of Agreement
Amendments
Waiver
Severability
Third Party Rights
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