Power Purchase Agreement Wind Template for England and Wales

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Key Requirements PROMPT example:

Power Purchase Agreement Wind

"I need a Power Purchase Agreement Wind for a new 50MW offshore wind farm in Norfolk, where we'll be selling electricity to a major UK retailer starting from March 2025, with specific provisions for curtailment and green certificates."

Document background

The Wind Power Purchase Agreement is a crucial document in renewable energy transactions within England and Wales, establishing the commercial and legal framework for selling electricity generated from wind farms. This agreement type has become increasingly important as the UK moves towards its renewable energy targets. A Power Purchase Agreement Wind typically includes detailed provisions on energy output commitments, pricing structures, grid connection requirements, and regulatory compliance. It's essential for both established wind farms and new developments, providing long-term revenue certainty for generators and sustainable energy sources for purchasers.

Suggested Sections

1. Parties: Identification and details of the contracting parties (Generator and Buyer)

2. Background: Context of the agreement including facility details and purpose

3. Definitions: Key terms used throughout the agreement

4. Sale and Purchase Obligations: Core obligations regarding electricity sale and purchase

5. Pricing and Payment: Price structure, payment terms, and billing procedures

6. Term and Termination: Duration of agreement and termination provisions

7. Metering and Recording: Requirements for measuring and recording electricity output

Optional Sections

1. Green Certificates: Handling of renewable energy certificates, used when parties want to trade certificates separately

2. Construction and Commissioning: Include for new facilities not yet operational

3. Curtailment Provisions: Include when grid constraints might affect generation

Suggested Schedules

1. Facility Description: Technical specifications of the wind farm

2. Pricing Schedule: Detailed pricing mechanisms and calculations

3. Testing and Commissioning Procedures: Performance testing requirements and procedures

4. Operating Parameters: Technical operating specifications and requirements

5. Metering Specifications: Detailed metering requirements and procedures

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

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Let's create your Power Purchase Agreement Wind

Authors

Alex Denne

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