Create a bespoke document in minutes, or upload and review your own.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Virtual Power Purchase Agreement
"Need a Virtual Power Purchase Agreement for a 100MW solar project in Yorkshire, with a 15-year term starting March 2025, including specific provisions for REGO transfers and credit support requirements from our parent company."
1. Parties: Identification of buyer and seller, including registered addresses and company details
2. Background: Context of the agreement, including project details and parties' objectives
3. Definitions: Key terms used throughout the agreement, including technical and market-specific terminology
4. Commercial Terms: Core commercial provisions including strike price, settlement periods, and volume commitments
5. Settlement Mechanics: Calculation methodologies, payment terms, and settlement procedures
6. Term and Termination: Duration of agreement and circumstances for early termination
7. Force Majeure: Events beyond parties' control and their consequences
8. Governing Law and Jurisdiction: Specification of English and Welsh law and jurisdiction
1. Environmental Attributes: Treatment of REGOs and other green certificates - used when environmental attributes are being transferred separately from the electricity
2. Project Specific Conditions: Conditions relating to specific renewable project - used when VPPA is tied to a specific generating facility
3. Credit Support: Requirements for guarantees or credit backing - used when credit risk mitigation is required
1. Schedule 1 - Commercial Terms: Detailed pricing mechanisms, volumes, and settlement calculations
2. Schedule 2 - Facility Description: Technical details of the generating facility
3. Schedule 3 - Form of Guarantee: Template guarantee documentation if required
4. Schedule 4 - Settlement Procedures: Detailed procedures for periodic settlements
5. Appendix A - Calculation Examples: Examples of settlement calculations
6. Appendix B - Forms of Notice: Template notices for various communications under the agreement
Authors
Affiliate
Agreement
As-Generated Profile
Balancing Mechanism
Billing Period
Business Day
Buyer
Change in Law
Commercial Operation Date
Contract Quantity
Contract Year
Credit Support
Delivery Point
Effective Date
Electricity
Environmental Attributes
Event of Default
Facility
Force Majeure Event
Generator
Good Industry Practice
Governmental Authority
Grid
Grid Code
Initial Delivery Date
Insolvency Event
Law
Lender
Market Price
Material Adverse Effect
Metering Point
MW
MWh
Nameplate Capacity
Planned Maintenance
Project
Reference Price
REGO
Seller
Settlement Period
Strike Price
System Operator
Term
Termination Payment
Trading Interval
Transmission System
Unplanned Outage
VPPA Payment
Conditions Precedent
Term and Termination
Obligations and Covenants
Metering
Settlement
Payment Terms
Environmental Attributes
Force Majeure
Change in Law
Credit Support
Default and Remedies
Representations and Warranties
Confidentiality
Assignment and Transfer
Dispute Resolution
Notices
Project Commissioning
Performance Standards
Insurance
Liability and Indemnification
Records and Audit Rights
Anti-corruption
Data Protection
Governing Law and Jurisdiction
Waiver and Amendment
Severability
Entire Agreement
Third Party Rights
Counterparts
Find the exact document you need
Download our whitepaper on the future of AI in Legal
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our Trust Centre for more details and real-time security updates.
Read our Privacy Policy.