Ppa Renewable (Energy) Template for Ireland

This template is designed for a Renewable Energy PPA (Power Purchase Agreement) under Irish law, used when establishing long-term electricity purchase arrangements between renewable energy generators and corporate or utility buyers in Ireland. The agreement is essential for renewable energy project development and operation, providing bankable revenue streams for generators while helping purchasers meet sustainability goals and secure clean energy supply. The document incorporates requirements from Irish electricity market regulations, EU renewable energy directives, and the Single Electricity Market (SEM) framework. It includes comprehensive provisions for energy pricing, delivery terms, performance standards, green certificates, and risk allocation, while ensuring compliance with Irish regulatory requirements and market rules. This template is particularly relevant for new renewable energy projects seeking project finance and corporate buyers implementing sustainability strategies.

1. Parties: Identification of the power producer and the purchaser, including registration details and addresses

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

3. Definitions and Interpretation: Detailed definitions of technical, commercial, and legal terms used in the agreement

4. Sale and Purchase Obligations: Core obligations regarding the sale and purchase of electricity, including delivery points and volumes

5. Term and Conditions Precedent: Duration of the agreement and conditions that must be satisfied before the agreement becomes effective

6. Price and Payment: Pricing mechanism, payment terms, invoicing, and disputes

7. Metering and Communications: Requirements for measuring delivered electricity and maintaining communications

8. Green Benefits and Certificates: Allocation of renewable energy certificates and other environmental attributes

9. Construction and Commissioning: Requirements and milestones for facility construction and commissioning

10. Operating Requirements: Operational standards, maintenance requirements, and performance guarantees

11. Force Majeure: Definition and consequences of force majeure events

12. Default and Termination: Events of default, remedies, and termination rights

13. Liability and Indemnification: Allocation of risks and liabilities between parties

14. Dispute Resolution: Procedures for resolving disputes, including governing law and jurisdiction

15. Confidentiality: Protection of confidential information and permitted disclosures

16. General Provisions: Standard boilerplate provisions including notices, amendments, and assignments