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Corporate Power Purchase Agreement
"Need a Corporate Power Purchase Agreement for our Singapore-based tech company to purchase renewable energy from a local solar farm operator, with a minimum commitment of 50 GWh annually starting March 2025, including provisions for RECs and carbon offset credits."
1. Parties: Identification and details of the power generator/seller and corporate buyer
2. Background: Context of the agreement, including facility details and purpose
3. Definitions: Key terms used tHRoughout the agreement including regulatory and technical definitions
4. Supply Obligations: Core obligations regarding electricity supply and delivery, including quantity and quality requirements
5. Pricing and Payment: Price structure, payment terms, billing procedures and payment security
6. Term and Termination: Duration of agreement, renewal options and termination provisions
7. Metering and Billing: Requirements for electricity metering, measurement and billing processes
8. Force Majeure: Events excusing performance obligations and related procedures
9. Representations and Warranties: Standard and specific warranties from both parties
10. Regulatory Compliance: Obligations to comply with Singapore energy regulations and market rules
11. Dispute Resolution: Procedures for resolving disputes including arbitration provisions
12. Governing Law: Application of Singapore law and jurisdiction
1. Green Attributes: Treatment of renewable energy certificates and environmental attributes, applicable for renewable energy sources
2. Performance Security: Requirements for security deposits or guarantees, used when credit risk mitigation is required
3. Change in Law: Provisions for handling regulatory changes, important for long-term agreements
4. Carbon Credits: Allocation and handling of carbon credits or offsets, relevant when dealing with renewable energy
5. Grid Connection: Specific provisions regarding grid connection and infrastructure, needed for direct supply arrangements
1. Facility Description: Technical specifications of the generation facility including location, capacity, and technology
2. Pricing Schedule: Detailed pricing mechanisms, calculations, and adjustment formulas
3. Operating Procedures: Day-to-day operational requirements, protocols, and maintenance schedules
4. Performance Standards: Required technical and operational standards including availability and reliability metrics
5. Metering Specifications: Technical requirements for electricity metering and measurement
6. Form of Performance Security: Template for any required security instruments or guarantees
7. Communication Protocols: Procedures for routine and emergency communications between parties
8. Regulatory Compliance Checklist: List of applicable regulations and compliance requirements under Singapore law
Authors
Applicable Law
Available Capacity
Billing Period
Business Day
Capacity
Commercial Operation Date
Confidential Information
Contract Price
Contract Quantity
Delivery Point
Effective Date
Electricity
Energy Market Authority
Environmental Attributes
Facility
Force Majeure Event
Generation License
Good Industry Practice
Grid
Grid Connection Agreement
Grid Operator
Interconnection Facilities
Market Rules
Metering Device
Operating Procedures
Performance Security
Planned Maintenance
Point of Interconnection
Power Purchase Price
Production Guarantees
Prudent Operating Practice
Qualifying Change in Law
Renewable Energy Certificates
Scheduled Commercial Operation Date
Seller's Facilities
Singapore Dollar
Supply Period
System Emergency
Term
Transmission System
Unplanned Outage
Supply Obligations
Delivery
Metering
Price and Payment
Invoicing
Credit Support
Construction and Development
Testing and Commissioning
Operation and Maintenance
Performance Standards
Environmental Attributes
Representations and Warranties
Force Majeure
Change in Law
Default and Termination
Liability and Indemnification
Insurance
Assignment
Confidentiality
Dispute Resolution
Notices
Grid Connection
Regulatory Compliance
Records and Audit
Health and Safety
Emergency Procedures
Planned Maintenance
Performance Guarantees
Title and Risk
Taxes
Anti-corruption
Data Protection
Governing Law
Entire Agreement
Severability
Amendments
Waiver
Third Party Rights
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