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Corporate PPA Solar
"I need a Corporate PPA Solar agreement under Dutch law for a 15-year term starting March 2025, where my manufacturing company will purchase 50MW of solar power from a newly constructed facility in Noord-Brabant, with special attention to performance guarantees and grid connection requirements."
1. Parties: Identification of the Generator/Seller and Corporate Buyer, including registration details and addresses
2. Background: Context of the agreement, including facility details and parties' objectives
3. Definitions: Defined terms used throughout the agreement, including technical and commercial terms
4. Sale and Purchase Obligations: Core obligations regarding the sale and purchase of electricity, including delivery points and volume commitments
5. Term and Termination: Duration of the agreement, conditions for extension, and termination rights
6. Price and Payment: Pricing structure, payment terms, invoicing, and dispute procedures
7. Metering and Documentation: Requirements for measuring delivered electricity and associated documentation
8. Generation Facility: Specifications and requirements for the solar facility, including maintenance obligations
9. Grid Connection and Transmission: Responsibilities for grid connection, transmission arrangements, and related costs
10. Force Majeure: Definition of force majeure events and consequences
11. Change in Law: Provisions dealing with regulatory changes affecting the agreement
12. Warranties and Representations: Standard and specific warranties from both parties
13. Liability and Indemnification: Allocation of risks and limitation of liability provisions
14. Insurance: Required insurance coverage for both parties
15. Confidentiality: Protection of confidential information and permitted disclosures
16. Dispute Resolution: Procedures for resolving disputes, including jurisdiction and governing law
17. General Provisions: Standard boilerplate clauses including notices, amendments, and assignment
1. Environmental Attributes: Provisions regarding renewable energy certificates and other green attributes, optional if these are handled in a separate agreement
2. Financial Security: Requirements for performance bonds or parent company guarantees, included if required based on parties' creditworthiness
3. Construction and Commissioning: Included for projects not yet operational, covering construction milestones and commissioning requirements
4. Price Adjustments: Mechanisms for price adjustments based on market indices or specific triggers, optional depending on pricing structure
5. Output Guarantees: Minimum generation guarantees and related compensation, optional based on commercial agreement
6. Buy-Out Options: Provisions allowing corporate buyer to purchase the facility, included if agreed by parties
7. Direct Agreement: Required only if project financing is involved, addressing lender's step-in rights
8. Sustainability Reporting: Requirements for sustainability-related reporting, optional based on buyer's ESG requirements
1. Facility Description: Technical specifications of the solar facility including location, capacity, and equipment
2. Pricing Schedule: Detailed pricing mechanisms, calculations, and adjustments
3. Expected Annual Output: Projected generation profile and annual output estimates
4. Metering Specifications: Technical requirements for metering equipment and procedures
5. Operating Procedures: Detailed procedures for day-to-day operation and communication
6. Form of Direct Agreement: Template agreement with lenders if project financing is involved
7. Performance Standards: Technical and operational performance requirements
8. Insurance Requirements: Detailed specifications of required insurance coverage
9. Form of Guarantee: Template for any required parent company or performance guarantees
10. Grid Connection Details: Technical specifications and requirements for grid connection
Authors
Affiliate
Agreement
Annual Contract Quantity
Availability
Balancing Services
Banking Day
Billing Period
Business Day
Buy-Out Option
Change in Law
Commercial Operation Date
Competent Authority
Confidential Information
Connection Agreement
Contract Price
Contract Year
Credit Rating
Curtailment
Delivery Point
Direct Agreement
Effective Date
Electrical Installation
Environmental Attributes
EPC Contract
Expected Generation
Facility
Force Majeure
Generating Station
Good Industry Practice
Grid
Grid Code
Grid Connection
Grid Operator
Guarantees of Origin
Installed Capacity
Interconnection Point
Invoice
Lender
Maintenance Schedule
Market Price
Metering Data
Metering Device
Minimum Generation Guarantee
Network Losses
Operating Procedures
Output Forecast
Parent Company Guarantee
Party/Parties
Performance Security
Planned Maintenance
Point of Common Coupling
Production Shortfall
Project
Project Documents
Prudent Operating Practice
Reactive Power
Renewable Energy Benefits
Required Permits
SDE++ Subsidy
Security Interest
Settlement Period
Site
Solar Panels
Specified Facility
System Operator
Take-or-Pay Obligation
Target Commercial Operation Date
Tax
Technical Specifications
Term
Termination Event
Testing Period
Transmission System
Unit Price
Unplanned Maintenance
Delivery
Price and Payment
Term and Termination
Metering
Invoicing
Force Majeure
Grid Connection
Technical Requirements
Performance Standards
Environmental Attributes
Regulatory Compliance
Construction
Commissioning
Testing
Operation and Maintenance
Warranties
Representations
Insurance
Liability
Indemnification
Dispute Resolution
Governing Law
Assignment
Change in Law
Confidentiality
Notices
Credit Support
Default
Remedies
Facility Access
Records and Auditing
Health and Safety
Emergency Procedures
Reporting
Risk Allocation
Taxes
Intellectual Property
Anti-Corruption
Data Protection
Amendments
Waiver
Severability
Entire Agreement
Third Party Rights
Counterparts
Energy & Utilities
Renewable Energy
Manufacturing
Technology
Data Centers
Real Estate
Industrial
Retail
Financial Services
Food & Beverage
Chemicals
Pharmaceuticals
Telecommunications
Legal
Procurement
Sustainability
Finance
Operations
Risk Management
Environmental Compliance
Commercial
Technical
Energy Trading
Business Development
Chief Sustainability Officer
Energy Procurement Manager
Legal Counsel
Commercial Director
Sustainability Manager
Chief Financial Officer
Risk Manager
Operations Director
Facility Manager
Environmental Compliance Manager
Procurement Director
Contract Manager
Business Development Director
Technical Director
Energy Trading Manager
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