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Power Offtake Agreement
"I need a Power Offtake Agreement for a new 50MW solar facility in Texas, with a 15-year term starting March 2025, where we'll be selling power to a major tech company's data center with specific provisions for renewable energy credits."
1. Parties: Identification of power supplier and offtaker, including legal details
2. Background: Context of the agreement, facility details, and purpose
3. Definitions: Key terms used throughout the agreement
4. Sale and Purchase Obligations: Core commitments regarding power delivery and payment
5. Pricing and Payment Terms: Price structure, billing, and payment mechanisms
6. Term and Termination: Duration of agreement and termination conditions
7. Operating Requirements: Technical specifications and operational standards
8. Metering: Requirements for measuring delivered power
1. Environmental Attributes: Handling of renewable energy credits and certificates - used for renewable energy projects
2. Capacity Rights: Treatment of capacity market participation - used in markets with capacity mechanisms
3. Development Milestones: Project development timeline and requirements - used for new facility construction
1. Facility Description: Technical details of the generating facility
2. Product Specifications: Detailed power delivery specifications
3. Pricing Schedule: Detailed pricing mechanisms and calculations
4. Operating Procedures: Detailed operational requirements and protocols
5. Form of Performance Security: Template for required security instruments
6. Metering Specifications: Technical requirements for metering equipment
Authors
Applicable Law
Available Capacity
Billing Period
Commercial Operation Date
Contract Capacity
Contract Price
Contract Year
Delivery Point
Development Security
Effective Date
Electric Interconnection Point
Energy
Environmental Attributes
Event of Default
Facility
Force Majeure
Good Industry Practice
Governmental Authority
Grid
Interconnection Agreement
Lender
Metering Equipment
Operating Parameters
Operating Year
Performance Security
Planned Outage
Point of Delivery
Power Purchase Price
Project
Prudent Operating Practice
Qualified Assignee
Renewable Energy Credits
Required Commercial Operation Date
Scheduled Maintenance
Security Interest
Site
System Emergency
Term
Transmission Provider
Unplanned Outage
Delivery and Metering
Pricing and Payment
Term and Termination
Conditions Precedent
Representations and Warranties
Force Majeure
Default and Remedies
Change in Law
Assignment and Transfer
Confidentiality
Dispute Resolution
Indemnification
Insurance
Security Requirements
Interconnection
Operating Requirements
Environmental Attributes
Scheduling and Dispatch
Credit Support
Performance Guarantees
Curtailment Rights
Testing and Verification
Record Keeping
Notices
Governing Law
Compliance with Laws
Amendments
Waiver
Severability
Entire Agreement
Counterparts
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