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Physical Power Purchase Agreement
"Need a Physical Power Purchase Agreement for a 50MW solar facility in Singapore, with delivery starting March 2025, including specific provisions for green certificates and curtailment rights."
1. Parties: Identification and details of the power generator and purchaser
2. Background: Context of the agreement and brief description of the project
3. Definitions: Key terms used tHRoughout the agreement including technical, commercial, and regulatory definitions
4. Sale and Purchase Obligations: Core obligations regarding electricity supply and purchase, including delivery commitments and take-or-pay provisions
5. Delivery Point and Title: Specification of where electricity is delivered and transfer of ownership
6. Term and Termination: Duration of agreement, renewal options, and termination provisions including events of default
7. Price and Payment: Pricing mechanism, payment terms, invoicing procedures, and dispute resolution for payments
8. Metering: Requirements for measurement and verification of electricity delivery, including meter specifications and reading procedures
9. Force Majeure: Events considered force majeure and their consequences on contractual obligations
10. Representations and Warranties: Standard and specific warranties from both parties regarding capacity, authority, and compliance
1. Development and Construction: Construction milestones, testing requirements, and completion criteria for new facilities
2. Green Attributes: Provisions regarding renewable energy certificates and environmental attributes
3. Interconnection: Grid connection requirements, responsibilities, and cost allocation
4. Credit Support: Requirements for performance security, parent guarantees, or other credit support mechanisms
1. Facility Description: Technical specifications of the generation facility including capacity and technology details
2. Testing and Commissioning Procedures: Detailed procedures for facility testing and commissioning
3. Operating Procedures: Detailed operational requirements, maintenance schedules, and communication protocols
4. Pricing Formula: Detailed calculation methodology for electricity prices including any adjustments and indexation
5. Performance Standards: Technical and operational performance requirements including availability and reliability metrics
6. Form of Performance Security: Template for performance bonds, bank guarantees, or other security instruments
Authors
Applicable Law
Billing Period
Business Day
Capacity
Commercial Operation Date
Contract Price
Contract Quantity
Delivery Point
Effective Date
Electricity
Energy Management System
Force Majeure
Facility
Good Industry Practice
Grid
Grid Code
Grid Connection Agreement
Interconnection Facilities
Metering System
Minimum Take
Operating Parameters
Operating Procedures
Performance Security
Planned Maintenance
Point of Interconnection
Power Purchase Price
Prudent Operating Practice
Reactive Power
Scheduled Commercial Operation Date
Scheduled Maintenance
Singapore Dollar
System Emergency
Technical Limits
Term
Transmission System
Unplanned Outage
Environmental Attributes
Green Attributes
Renewable Energy Certificates
Renewable Energy Credits
Solar Photovoltaic System
Weather Station
Sale and Purchase Obligations
Term and Termination
Conditions Precedent
Representations and Warranties
Price and Payment
Metering and Testing
Delivery and Title
Operating Procedures
Interconnection
Force Majeure
Default and Remedies
Change in Law
Maintenance and Outages
Performance Security
Insurance
Confidentiality
Assignment and Transfer
Dispute Resolution
Governing Law
Notices
Health and Safety
Environmental Compliance
Records and Audit Rights
Liability and Indemnification
Taxes
Anti-corruption
Reporting Requirements
Emergency Procedures
Technical Standards Compliance
Environmental Attributes
Generation Forecasting
Curtailment
Green Certificates
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