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Utility Scale Solar Ppa
"Need a Utility Scale Solar PPA for a 200MW facility in Texas, with specific provisions for battery storage and a guaranteed minimum annual output of 400,000 MWh, planned commercial operation date in March 2025."
1. Parties: Identification of the power producer and purchaser
2. Background: Context of the agreement and project overview
3. Definitions: Key terms used throughout the agreement
4. Term and Termination: Duration of the agreement and termination conditions
5. Energy Purchase and Sale: Core commercial terms including pricing and quantity
6. Delivery Point and Metering: Specifications for power delivery and measurement
7. Performance Obligations: Commitments regarding facility operation and maintenance
8. Representations and Warranties: Legal assurances and guarantees from both parties
9. Force Majeure: Provisions for unforeseeable circumstances preventing performance
10. Default and Remedies: Events of default and available remedies
11. Insurance Requirements: Required insurance coverage for both parties
12. Assignment and Change of Control: Rules for transferring rights under the agreement
13. Dispute Resolution: Procedures for resolving disputes between parties
14. Governing Law: Applicable law and jurisdiction
1. Energy Storage: Terms related to battery storage systems when project includes storage capabilities
2. Environmental Attributes: Treatment of renewable energy credits and other environmental benefits when REC trading is relevant
3. Curtailment: Terms for reducing output on grid operator instruction in markets with significant grid constraints
4. Development Security: Security requirements during development phase for projects not yet constructed
5. Construction Milestones: Key construction deadlines and requirements for projects not yet built
1. Schedule A - Technical Specifications: Detailed facility specifications and performance parameters
2. Schedule B - Pricing Schedule: Detailed pricing mechanisms and calculations
3. Schedule C - Testing Procedures: Commissioning and performance testing requirements
4. Schedule D - Site Description: Legal description and drawings of project location
5. Schedule E - Interconnection Details: Technical requirements for grid connection
6. Schedule F - Operating Procedures: Detailed protocols for facility operation
7. Schedule G - Form of Performance Security: Template for performance security instruments
8. Schedule H - Metering Requirements: Detailed specifications for metering equipment and protocols
Authors
Applicable Law
Availability Guarantee
Business Day
Change in Law
Commercial Operation Date
Contract Capacity
Contract Price
Contract Year
Delivery Point
Effective Date
Electrical Interconnection Point
Energy
Environmental Attributes
Event of Default
Facility
Force Majeure
Good Industry Practice
Governmental Authority
Grid
Interconnection Agreement
kW
kWh
Lender
Metering System
MW
MWh
Net Energy Output
Operating Year
Performance Security
Permitted Transfer
Project
Project Site
Prudent Operating Practice
Reactive Power
Renewable Energy Credits (RECs)
Scheduled Commercial Operation Date
Scheduled Maintenance
Solar Photovoltaic Power Plant
System Emergency
Term
Transmission Provider
Transmission System
Unscheduled Maintenance
Purchase and Sale Obligations
Pricing and Payment
Delivery and Metering
Performance Guarantees
Force Majeure
Environmental Attributes
Interconnection
Construction and Commercial Operation
Operating Requirements
Curtailment
Credit Support
Insurance
Default and Remedies
Change in Law
Assignment
Confidentiality
Dispute Resolution
Representations and Warranties
Indemnification
Taxes
Notice
Governing Law
Facility Access Rights
Testing and Verification
Maintenance
Records and Audits
Compliance with Laws
Title and Risk of Loss
Successor and Assigns
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