Power Purchase Agreement Renewable (Energy)

Power Purchase Agreement Renewable (Energy) Template for Canada

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Key Requirements PROMPT example:

"I need a Power Purchase Agreement Renewable (Energy) for a 50MW solar facility in Ontario, with a 20-year term starting March 2025, where we are the generator selling to a large corporate buyer who requires environmental attributes to be bundled with the energy purchase."

Document background

The Power Purchase Agreement Renewable (Energy) is a fundamental contract in Canada's renewable energy sector, used to facilitate the sale and purchase of electricity generated from renewable sources. This agreement is essential for project financing and development of renewable energy facilities, providing long-term revenue certainty for generators and reliable clean energy supply for purchasers. The document must comply with both federal and provincial regulations, as electricity falls primarily under provincial jurisdiction in Canada. It typically includes detailed provisions for energy pricing, delivery obligations, operational standards, and risk allocation, while addressing specific Canadian requirements such as environmental regulations, Indigenous rights considerations, and provincial market rules. The agreement is particularly crucial for new renewable energy projects seeking project financing and for corporate buyers looking to meet sustainability goals through direct power purchase from renewable sources.

Suggested Sections

1. Parties: Identification of the power producer and purchaser

2. Background: Context of the agreement, facility description, and purpose

3. Definitions and Interpretation: Defined terms, rules of interpretation, and governing language

4. Sale and Purchase Obligations: Core obligations for the sale and purchase of energy

5. Term and Termination: Duration of agreement, conditions precedent, and termination rights

6. Energy Price and Payment: Pricing structure, payment terms, invoicing, and disputes

7. Delivery Point and Metering: Specification of delivery point and metering requirements

8. Operating Requirements: Performance standards, maintenance, and operational procedures

9. Curtailment and Force Majeure: Rules for curtailment of delivery and force majeure events

10. Representations and Warranties: Standard and specific representations by both parties

11. Insurance and Liability: Insurance requirements and limitation of liability provisions

12. Default and Remedies: Events of default, cure periods, and available remedies

13. Dispute Resolution: Procedures for resolving disputes between parties

14. Confidentiality: Protection of confidential information

15. Assignment and Change of Control: Rules regarding transfer of rights and obligations

16. Notices: Communication procedures and contact information

17. General Provisions: Boilerplate clauses including governing law and amendments

Optional Sections

1. Construction and Development: Required for new facilities, including construction milestones and requirements

2. Interconnection: Required if the agreement includes interconnection obligations

3. Environmental Attributes: Required if renewable energy credits or other environmental attributes are included

4. Credit Support: Required if parties must provide performance security or credit support

5. Indigenous Rights and Consultation: Required for projects affecting Indigenous territories

6. Grid Integration: Required for specific grid connection and compliance requirements

7. Storage Facilities: Required if energy storage is part of the project

8. Performance Testing: Required for new facilities or specific performance guarantees

Suggested Schedules

1. Facility Description: Technical specifications of the generation facility

2. Energy Price Calculation: Detailed pricing formulas and adjustments

3. Operating Procedures: Detailed procedures for daily operations and communications

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

5. Form of Generation License: Copy or requirements of generation license

6. Interconnection Requirements: Technical specifications for grid interconnection

7. Performance Testing Procedures: Procedures and standards for facility testing

8. Form of Security: Templates for required security instruments

9. Insurance Requirements: Detailed insurance specifications

10. Environmental Compliance: Environmental standards and reporting requirements

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok��˰� | 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 & Natural Resources

Renewables

Utilities

Infrastructure

Environmental Services

Industrial & Manufacturing

Power Generation

Clean Technology

Relevant Teams

Legal

Commercial

Operations

Risk Management

Procurement

Finance

Environmental

Regulatory Affairs

Business Development

Sustainability

Indigenous Relations

Project Development

Asset Management

Energy Trading

Compliance

Relevant Roles

Legal Counsel

Energy Procurement Manager

Commercial Director

Sustainability Officer

Project Development Manager

Risk Manager

Regulatory Compliance Officer

Chief Financial Officer

Energy Trading Manager

Business Development Director

Environmental Manager

Operations Director

Contract Administrator

Indigenous Relations Manager

Power Plant Manager

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