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Corporate Ppa Renewable (Energy)

Corporate Ppa Renewable (Energy) Template for Saudi Arabia

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Key Requirements PROMPT example:

Corporate Ppa Renewable (Energy)

"I need a Corporate PPA Renewable (Energy) agreement for a 50MW solar project in Riyadh, Saudi Arabia, with operations starting January 2025, including provisions for energy storage and specific requirements for data center power supply reliability."

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Document background
The Corporate PPA Renewable (Energy) agreement is essential for organizations seeking to secure long-term renewable energy supply in Saudi Arabia. This document has gained prominence following Saudi Arabia's commitment to Vision 2030 and its target to generate 50% of its electricity from renewable sources by 2030. It serves as the primary contractual framework for corporate entities to directly purchase renewable energy from generators, ensuring compliance with Saudi Arabian regulations and Sharia law principles. The agreement typically includes detailed provisions for energy pricing, delivery obligations, performance standards, and risk allocation. It's particularly relevant for companies looking to meet their sustainability goals, reduce energy costs, or comply with corporate environmental commitments while operating within the Saudi Arabian regulatory framework.
Suggested Sections

1. Parties: Identification of the power producer and corporate buyer, including their legal status and authority to contract

2. Background: Context of the agreement, including project overview and parties' objectives

3. Definitions and Interpretation: Detailed definitions of technical and legal terms, interpretation rules, and language governing the agreement

4. Sale and Purchase Obligations: Core obligations regarding the sale and purchase of renewable energy, including minimum purchase commitments

5. Term and Termination: Duration of the agreement, conditions for renewal, and termination rights

6. Delivery Point and Title Transfer: Specification of where energy is delivered and when title passes to the buyer

7. Metering and Testing: Requirements for measuring delivered energy and testing procedures

8. Price and Payment Terms: Pricing structure, payment mechanics, and billing procedures

9. Performance Security: Security requirements from both parties, including bank guarantees or performance bonds

10. Force Majeure: Events excusing performance and associated procedures

11. Change in Law: Procedures for addressing regulatory changes affecting the agreement

12. Dispute Resolution: Process for resolving disputes, including Saudi law requirements

13. Governing Law: Confirmation of Saudi law application and compliance with Sharia principles

14. Notices: Communication procedures between parties

15. Confidentiality: Protection of confidential information

16. Assignment and Transfer: Rights and restrictions regarding transfer of the agreement

Optional Sections

1. Grid Access: Required for physical PPAs - terms regarding grid connection and access

2. Environmental Attributes: Terms for renewable energy certificates or other green attributes, if applicable

3. Storage Provisions: Required if energy storage is part of the project

4. Curtailment: Terms for reducing output, if applicable to the project structure

5. Financial Settlement: Required for virtual PPAs - terms for financial settlement mechanisms

6. Local Content Requirements: Required if project must meet Saudi local content requirements

7. Development Milestones: Required for projects not yet operational - construction and development obligations

8. Insurance: Detailed insurance requirements if not covered in general obligations

Suggested Schedules

1. Facility Description: Technical specifications of the renewable energy facility

2. Testing and Commissioning Procedures: Detailed procedures for facility testing and commissioning

3. Operating Parameters: Technical and operational requirements for the facility

4. Pricing Formula and Calculations: Detailed pricing mechanisms and calculations

5. Metering Specifications: Technical requirements for metering equipment and procedures

6. Performance Standards: Required performance levels and calculation of performance metrics

7. Form of Performance Security: Template for required security instruments

8. Grid Connection Requirements: Technical specifications for grid connection

9. Environmental Standards: Environmental compliance requirements and reporting procedures

10. Local Content Requirements: Detailed local content obligations and calculations

11. Form of Direct Agreement: Template agreement for lenders' direct agreements

12. Dispute Resolution Procedures: Detailed procedures for dispute resolution

Authors

Alex Denne

Head of Growth (Open Source Law) @ 黑料视频 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions









































































Clauses









































Relevant Industries

Energy & Utilities

Manufacturing

Industrial Processing

Mining

Technology & Data Centers

Real Estate & Construction

Retail & Commercial

Healthcare

Education

Telecommunications

Petrochemicals

Food & Beverage

Hospitality

Relevant Teams

Legal

Procurement

Sustainability

Finance

Operations

Risk Management

Commercial

Environmental Compliance

Facilities Management

Corporate Strategy

Energy Trading

Project Development

Relevant Roles

Chief Sustainability Officer

Energy Procurement Manager

Legal Counsel

Chief Financial Officer

Sustainability Director

Facilities Manager

Operations Director

Risk Manager

Commercial Director

Project Development Manager

Environmental Compliance Manager

Power Purchase Agreement Specialist

Energy Trading Manager

Strategic Sourcing Manager

Corporate Development Director

Industries










Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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