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Corporate PPA Solar
"I need a Corporate PPA Solar agreement for a manufacturing company in Manila, purchasing power from a 5MW solar facility, with commissioning expected in March 2025 and a 15-year term, including provisions for potential capacity expansion."
1. Parties: Identification of the power producer (seller) and corporate purchaser (buyer)
2. Background: Context of the agreement, including facility location, project overview, and regulatory framework
3. Definitions and Interpretation: Definitions of technical terms, contract interpretation rules, and governing law confirmation
4. Sale and Purchase Obligations: Core obligations including energy purchase commitments, exclusivity provisions, and delivery points
5. Term and Termination: Contract duration, conditions precedent, extension options, and termination rights
6. Price and Payment: Tariff structure, payment terms, billing procedures, and dispute resolution for payments
7. Metering and Testing: Requirements for measuring delivered energy, testing procedures, and meter maintenance
8. Construction and Commissioning: Timeline for construction, testing requirements, and commissioning procedures
9. Operation and Maintenance: Maintenance responsibilities, performance standards, and scheduled outage provisions
10. Performance Guarantees: Minimum performance requirements, availability guarantees, and liquidated damages
11. Force Majeure: Definition of force majeure events and consequences, including grid failures and natural disasters
12. Insurance: Required insurance coverage for both parties
13. Default and Remedies: Events of default, cure periods, and available remedies
14. Dispute Resolution: Process for resolving disputes, including jurisdiction and arbitration provisions
15. Miscellaneous: Standard boilerplate provisions including notices, amendments, and assignment rights
1. Change in Law: Specific provisions for handling regulatory changes affecting renewable energy in Philippines - include if regulatory environment is uncertain
2. Environmental Attributes: Allocation of renewable energy certificates and carbon credits - include if these have significant value
3. Battery Storage: Provisions for energy storage systems - include if the project includes battery components
4. Grid Interface: Specific provisions for grid connection and compliance - include if seller is responsible for grid connection
5. Foreign Exchange Provisions: Currency conversion and exchange rate risk allocation - include if international parties involved
6. Step-in Rights: Lender's step-in rights and procedures - include if project financing is involved
7. Expansion Rights: Rights and procedures for expanding the solar facility - include if future expansion is contemplated
1. Schedule 1 - Technical Specifications: Detailed specifications of the solar facility, including capacity, equipment, and design parameters
2. Schedule 2 - Testing and Commissioning Procedures: Detailed procedures for facility testing and commissioning requirements
3. Schedule 3 - Performance Standards: Specific performance metrics, calculation methodologies, and monitoring procedures
4. Schedule 4 - Tariff and Payment Calculations: Detailed pricing formula, adjustments, and example calculations
5. Schedule 5 - Site Description: Detailed description of the facility location, including maps and access rights
6. Schedule 6 - Forms of Notices and Certificates: Standard forms for various notices and certificates required under the agreement
7. Schedule 7 - Operating Procedures: Detailed procedures for day-to-day operation and maintenance
8. Schedule 8 - Interconnection Arrangements: Technical details of grid connection and interface requirements
9. Appendix A - Philippines Regulatory Requirements: Specific provisions required by Philippine law and regulations
10. Appendix B - Insurance Requirements: Detailed insurance requirements for both parties
Authors
Energy & Utilities
Manufacturing
Real Estate & Construction
Technology & Telecommunications
Banking & Finance
Industrial & Mining
Retail & Commercial
Healthcare
Agriculture & Food Processing
Hospitality & Tourism
Legal
Procurement
Sustainability
Operations
Finance
Risk Management
Facilities Management
Environmental Compliance
Business Development
Technical Operations
Regulatory Affairs
Commercial
Chief Executive Officer
Chief Financial Officer
Chief Legal Officer
Chief Sustainability Officer
Energy Procurement Manager
Sustainability Manager
Legal Counsel
Commercial Director
Facilities Manager
Operations Director
Project Development Manager
Risk Manager
Regulatory Compliance Officer
Environmental Manager
Finance Director
Technical Director
Procurement Manager
Contract Manager
Energy Manager
Business Development Director
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