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Power Purchase Agreement Wind
"Need a Wind Power Purchase Agreement for a 100MW wind farm in Texas, where we are the seller and want to include specific provisions for curtailment rights and REC trading, with commercial operations expected to begin in March 2025."
1. Parties: Identification of buyer and seller, including legal entity details
2. Background/Recitals: Context of the agreement, project description, and parties' intentions
3. Definitions: Key terms used throughout the agreement
4. Sale and Purchase Obligations: Core obligations regarding energy purchase and delivery
5. Term and Termination: Duration of agreement and termination conditions
6. Price and Payment: Pricing structure, payment terms, and billing procedures
7. Delivery Point and Metering: Specifications for energy delivery and measurement
8. Operation and Maintenance: Facility maintenance and operational requirements
9. Force Majeure: Circumstances excusing performance
1. Renewable Energy Credits: Provisions governing REC ownership and trading rights - used when RECs are part of the transaction
2. Capacity Rights: Provisions governing rights to capacity attributes - used in markets with capacity mechanisms
3. Development Milestones: Project development timeline and requirements - used for projects not yet operational
4. Credit Support: Security and credit requirements - used when financial assurance is required
1. Schedule 1 - Facility Description: Technical specifications of the wind facility
2. Schedule 2 - Product Price Schedule: Detailed pricing information and escalators
3. Schedule 3 - Expected Energy Production: Projected output and performance guarantees
4. Schedule 4 - Metering Specifications: Technical requirements for metering equipment
5. Schedule 5 - Form of Performance Security: Template for required security instruments
6. Schedule 6 - Operating Procedures: Detailed operational protocols
7. Schedule 7 - Insurance Requirements: Required insurance coverage details
Authors
Applicable Law
Available Capacity
Billing Period
Business Day
Commercial Operation Date
Contract Capacity
Contract Price
Contract Year
Curtailment
Delivery Point
Delivery Term
Dispatch
Effective Date
Electrical Losses
Energy
Environmental Attributes
Event of Default
Facility
FERC
Force Majeure Event
Good Industry Practice
Governmental Authority
Grid
Interconnection Agreement
Interconnection Facilities
Lender
Metering Equipment
MW
MWh
Network Upgrades
Operating Procedures
Performance Security
Planned Outage
Point of Interconnection
Product
Project
Prudent Operating Practice
Renewable Energy Credits (RECs)
Scheduled Maintenance
Site
System Emergency
Term
Transmission Provider
Transmission System
Wind Turbine
Delivery and Metering
Price and Payment
Term and Termination
Interconnection
Force Majeure
Default and Remedies
Change in Law
Representations and Warranties
Environmental Attributes
Performance Security
Insurance
Indemnification
Assignment
Confidentiality
Dispute Resolution
Facility Operation and Maintenance
Scheduling and Forecasting
Testing and Verification
Curtailment
Credit Support
Taxes
Records and Auditing
Notices
Governing Law
Successors and Assigns
Compliance with Laws
Amendment and Modification
Severability
Limitation of Liability
Title and Risk of Loss
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