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Corporate PPA
1. Parties: Identification of the power producer/seller and corporate buyer
2. Background: Context of the agreement, including facility details and parties' objectives
3. Definitions and Interpretation: Key terms, calculation methodologies, and interpretation rules
4. Sale and Purchase Obligations: Core obligations regarding electricity sale and purchase, including volume commitments
5. Term and Termination: Duration of agreement, conditions for extension and early termination rights
6. Price and Payment: Pricing mechanism, payment terms, invoicing, and dispute procedures
7. Metering and Communications: Requirements for measuring and reporting electricity generation/consumption
8. Credit Support: Security requirements, parent company guarantees, or other credit support mechanisms
9. Force Majeure: Definition and consequences of force majeure events
10. Change in Law: Procedures for addressing regulatory changes affecting the agreement
11. Liability and Indemnities: Allocation of risks and limitation of liability provisions
12. Confidentiality: Protection of confidential information and permitted disclosures
13. Governing Law and Disputes: Choice of Danish law and dispute resolution mechanisms
14. Miscellaneous: Standard boilerplate provisions including notices, amendments, and assignments
1. Green Certificates and Environmental Attributes: Used when the corporate buyer wants to claim environmental benefits and certificates
2. Private Wire Arrangements: Included when direct transmission line between generator and buyer is established
3. Forecasting and Scheduling: Required for projects where generation forecasting is crucial for operations
4. Construction and Commissioning: Included when the generating facility is not yet operational
5. Grid Connection: Required when specific grid connection obligations need to be allocated
6. Performance Guarantees: Used when specific generation performance levels are guaranteed
7. Buy-Out Rights: Optional provisions for the corporate buyer to purchase the generating facility
8. Insurance: Detailed insurance requirements when not covered in general obligations
1. Facility Description: Technical specifications of the generating facility
2. Pricing Mechanism: Detailed pricing calculations, adjustments, and examples
3. Operating Parameters: Technical and operational requirements for the facility
4. Metering Specifications: Technical requirements for metering equipment and procedures
5. Form of Direct Agreement: Standard form for direct agreements with lenders
6. Communication Protocols: Procedures for operational communications and notifications
7. Performance Testing: Testing procedures and acceptance criteria
8. Form of Parent Company Guarantee: Standard form of parent company guarantee if required
9. Planned Maintenance Schedule: Schedule of planned maintenance periods and procedures
10. Grid Connection Details: Technical specifications for grid connection
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