Power Purchase Agreement Solar Template for New Zealand

This Power Purchase Agreement Solar template is designed for use in New Zealand when establishing long-term electricity supply arrangements between solar power generators and electricity purchasers. It is particularly relevant for commercial and industrial consumers seeking to secure renewable energy supply, as well as for solar developers establishing new generation projects. The document incorporates requirements from New Zealand's electricity regulatory framework, including the Electricity Industry Act 2010 and the Electricity Industry Participation Code. It provides comprehensive coverage of essential elements such as pricing structures, operational requirements, regulatory compliance, and risk allocation, while allowing flexibility to accommodate various project sizes and configurations. The agreement can be adapted for both behind-the-meter installations and grid-connected facilities, making it suitable for diverse commercial arrangements in the New Zealand energy market.

1. Parties: Identification of the Generator (solar power provider) and the Purchaser, including full legal names and addresses

2. Background: Context of the agreement, including brief description of the solar facility and the parties' intentions

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

4. Term and Termination: Duration of the agreement, conditions for renewal, and circumstances allowing early termination

5. Sale and Purchase Obligations: Core obligations regarding the sale and purchase of electricity, including minimum purchase obligations

6. Facility Requirements: Technical specifications and requirements for the solar facility, including capacity and location

7. Metering and Measurement: Requirements for measuring electricity generation and consumption

8. Price and Payment: Pricing structure, payment terms, billing procedures, and dispute resolution for payments

9. Operating Requirements: Operational standards, maintenance obligations, and performance guarantees

10. Force Majeure: Events constituting force majeure and their consequences

11. Insurance and Liability: Insurance requirements and allocation of risks between parties

12. Assignment and Change of Control: Conditions under which the agreement can be assigned or transferred

13. Disputes: Process for resolving disputes between parties

14. General Provisions: Standard legal provisions including notices, governing law, and entire agreement