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Energy Storage Ppa
"I need an Energy Storage PPA for a 50MW battery storage facility in Manchester that will provide both capacity market services and grid balancing, with operations expected to commence in March 2025."
1. Parties: Identification and details of contracting parties including full legal names, registered addresses, and company numbers
2. Background: Context of the agreement, including facility description, purpose of the agreement, and relevant regulatory context
3. Definitions: Comprehensive definitions of technical and legal terms used throughout the agreement
4. Facility Description: Technical specifications and characteristics of the storage facility including capacity, response times, and location
5. Operating Parameters: Detailed operating conditions, minimum and maximum capacity requirements, availability requirements, and performance standards
6. Testing and Commissioning: Requirements for initial testing, periodic testing, and performance verification procedures
7. Metering and Communications: Requirements for metering equipment, data collection, and communications protocols
8. Payment Terms: Pricing structure, payment calculations, invoicing procedures, and payment timelines
9. Performance Security: Requirements for performance bonds, parent company guarantees, or other security arrangements
10. Term and Termination: Contract duration, renewal provisions, termination rights, and consequences of termination
11. Force Majeure: Definition of force majeure events and their consequences
12. Liability and Indemnification: Allocation of risks, liability caps, and indemnification obligations
1. Capacity Market Provisions: Terms relating to Capacity Market participation, including obligations and revenue sharing arrangements
2. Ancillary Services: Terms governing the provision of additional grid services such as frequency response or voltage control
3. Development Conditions: Construction milestones, commissioning requirements, and conditions precedent for facilities not yet operational
4. Grid Connection: Specific provisions relating to grid connection requirements and responsibilities
5. Revenue Stacking: Terms governing multiple revenue streams and their interaction
1. Technical Specifications: Detailed technical parameters including capacity, efficiency, response times, and degradation limits
2. Testing Procedures: Detailed testing protocols for commissioning and ongoing performance verification
3. Operating Procedures: Step-by-step operational procedures, maintenance requirements, and emergency protocols
4. Pricing Schedule: Detailed pricing formulae, adjustment mechanisms, and worked examples
5. Metering Requirements: Technical specifications for metering equipment and data validation procedures
6. Form of Performance Security: Template forms for required security instruments
7. Communications Protocol: Detailed procedures for operational communications and data exchange
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