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Power Purchase Agreement Energy Storage
"I need a Power Purchase Agreement Energy Storage for a 50MW battery storage facility in Ontario, Canada, to be operational by March 2025, with provisions for frequency regulation services and peak shaving capabilities for a 15-year term with a local utility."
1. Parties: Identification of the parties to the agreement, including the energy storage facility owner/operator and the power purchaser
2. Background: Context of the agreement, including project overview and parties' objectives
3. Definitions: Detailed definitions of technical and commercial terms used throughout the agreement
4. Term and Termination: Duration of the agreement, renewal options, and termination circumstances
5. Energy Storage Services: Core services to be provided, including capacity obligations, availability requirements, and response times
6. Operating Parameters: Specific operational requirements including charging/discharging protocols and maintenance windows
7. Pricing and Payment: Payment structure, rates for different services, and invoicing procedures
8. Performance Standards: Required performance levels, including availability, response time, and round-trip efficiency
9. Metering and Settlement: Requirements for energy measurement, data collection, and settlement procedures
10. Grid Connection: Requirements and responsibilities for grid interconnection and compliance
11. Force Majeure: Events constituting force majeure and resulting obligations
12. Insurance and Liability: Required insurance coverage and liability allocation between parties
13. Dispute Resolution: Procedures for resolving disputes between parties
14. Governing Law: Applicable law and jurisdiction
1. Ancillary Services: Additional grid services that may be provided by the facility, used when the storage facility can provide frequency regulation or other grid support services
2. Carbon Credits: Treatment of environmental attributes and carbon credits, included when relevant to the project's economics
3. Development Milestones: Project development timeline and requirements, included for facilities not yet operational
4. Testing and Commissioning: Procedures for initial testing and acceptance, included for new facilities
5. Expansion Rights: Rights and procedures for expanding storage capacity, included when future expansion is contemplated
6. Technology Upgrade Provisions: Terms for implementing technology improvements, included for longer-term agreements
7. Emergency Response: Procedures for emergency situations, included for larger facilities or those in sensitive locations
1. Technical Specifications: Detailed technical parameters of the energy storage system
2. Operating Procedures: Detailed procedures for daily operations and maintenance
3. Performance Testing Procedures: Procedures for testing and verifying system performance
4. Pricing Mechanism: Detailed calculation methodologies for various service payments
5. Metering Specifications: Technical requirements for metering equipment and data collection
6. Communication Protocols: Procedures for operational communications between parties
7. Site Description: Details of facility location and connection points
8. Form of Performance Security: Template for required performance security instruments
9. Annual Maintenance Schedule: Planned maintenance periods and procedures
10. Emergency Response Plan: Detailed procedures for emergency situations
Authors
Energy & Utilities
Renewable Energy
Infrastructure
Manufacturing
Technology
Mining
Industrial
Commercial Real Estate
Data Centers
Government & Public Sector
Legal
Commercial
Energy Trading
Project Development
Grid Operations
Technical
Regulatory Compliance
Risk Management
Finance
Procurement
Business Development
Environmental & Sustainability
Energy Storage Project Manager
Power Purchase Agreement Specialist
Energy Trading Manager
Regulatory Compliance Officer
Commercial Director
Legal Counsel
Chief Technical Officer
Grid Operations Manager
Business Development Manager
Risk Manager
Energy Storage Operations Manager
Procurement Manager
Chief Financial Officer
Sustainability Director
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