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Power Purchase Agreement Energy Storage
"I need a Power Purchase Agreement Energy Storage for a 50MW battery storage facility in Manchester, where we'll be selling stored energy to a major utility company with delivery starting March 2025, including provisions for capacity market participation."
1. Parties: Identification and details of contracting parties including full legal names, registered addresses, and company numbers
2. Background: Context of the agreement, description of the energy storage project, and parties' intentions
3. Definitions: Comprehensive list of defined terms used throughout the agreement including technical, commercial, and legal terminology
4. Supply Obligations: Core terms regarding energy storage and supply commitments, including capacity requirements and availability guarantees
5. Pricing and Payment: Payment terms, rates, billing procedures, and invoicing requirements
6. Operating Parameters: Technical specifications, operational requirements, and performance standards
7. Metering and Testing: Requirements for metering equipment, testing procedures, and verification of supply
8. Term and Termination: Duration of agreement, renewal options, and circumstances for early termination
9. Force Majeure: Events constituting force majeure and consequences thereof
10. Liability and Indemnification: Allocation of risks, limitations of liability, and indemnification obligations
1. Capacity Market Participation: Terms governing participation in capacity market, including revenue sharing and obligations
2. Ancillary Services: Terms for providing grid balancing services and associated compensation
3. Construction and Commissioning: Terms for new facility construction, testing, and commissioning requirements
4. Change in Law: Provisions dealing with regulatory changes affecting the storage facility or market conditions
5. Trading and Optimization: Terms for energy trading activities and optimization of storage assets
1. Technical Specifications: Detailed technical parameters of the storage facility including capacity, response times, and efficiency
2. Operating Procedures: Detailed operational procedures, protocols, and maintenance requirements
3. Pricing Schedule: Detailed pricing mechanisms, calculations, and adjustment procedures
4. Performance Standards: Required performance levels, testing procedures, and performance guarantees
5. Grid Connection Details: Technical details of grid connection arrangements and compliance requirements
6. Form of Performance Security: Template for performance bonds or other security instruments
7. Communications Protocol: Procedures for operational communications and notifications between parties
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