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Third Party Power Purchase Agreement
"I need a Third Party Power Purchase Agreement for a 50MW solar farm in Yorkshire, where we'll be selling power to a major tech company's data center through an established UK electricity supplier, with operations expected to start in March 2025."
1. Parties: Identification of all contracting parties including generator, buyer, and any intermediaries
2. Background: Context of the agreement, facility details, and purpose of the PPA
3. Definitions: Defined terms used throughout the agreement
4. Sale and Purchase Obligations: Core obligations regarding electricity sale and purchase, including volume commitments
5. Price and Payment: Pricing mechanism, payment terms, invoicing, and disputes
6. Term and Termination: Duration of agreement and termination rights
7. Metering and Communications: Requirements for measuring and reporting electricity generation
8. Force Majeure: Events outside parties' control affecting performance
1. Green Certificates: Provisions for handling renewable energy certificates or guarantees of origin when dealing with renewable energy sources
2. Development Obligations: Construction and commissioning requirements for projects not yet operational
3. Credit Support: Security arrangements and credit requirements when credit risk management is needed
1. Facility Description: Technical specifications of the generation facility
2. Pricing Schedule: Detailed pricing mechanisms and calculations
3. Operating Parameters: Technical operating requirements and constraints
4. Form of Direct Agreement: Standard form for direct agreements with financiers
5. Metering Specifications: Technical requirements for metering equipment
6. Performance Requirements: Minimum performance standards and testing procedures
Authors
Applicable Laws
Availability
Balancing Mechanism
Billing Period
Business Day
Capacity
Commercial Operation Date
Completion Date
Contract Price
Contract Quantity
Delivery Point
Effective Date
Electricity
Facility
Force Majeure Event
Generation License
Good Industry Practice
Grid Connection Agreement
Grid Operator
Installed Capacity
Interconnection Facilities
Licensed Supplier
Metering Equipment
Metering Point
Operating Parameters
Planned Maintenance
Project
Prudent Operating Practice
REGOs
Renewable Attributes
Settlement Period
Supply License
Supply Period
System Operator
Term
Testing Period
Transmission System
Unplanned Outage
Conditions Precedent
Sale and Purchase Obligations
Delivery and Title
Metering
Price and Payment
Billing and Settlement
Green Certificates
Construction and Commissioning
Operating Obligations
Maintenance
Force Majeure
Change in Law
Default and Termination
Liability and Indemnity
Insurance
Confidentiality
Assignment and Transfer
Dispute Resolution
Representations and Warranties
Credit Support
Notices
Grid Connection
Balancing and Settlement
Performance Security
Taxes
Anti-corruption
Data Protection
Governing Law
Severability
Entire Agreement
Third Party Rights
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