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Power Sale Agreement
"I need a Power Sale Agreement for our new solar power facility in Singapore, where we'll be selling 50MW of renewable energy to a major industrial customer, with the agreement starting from March 2025 and including specific provisions for renewable energy certificates."
1. Parties: Identification and details of the power seller and purchaser
2. Background: Context of the agreement, including facility details and purpose
3. Definitions: Key terms used throughout the agreement
4. Sale and Purchase Obligations: Core obligations regarding power supply and purchase commitments
5. Price and Payment Terms: Pricing structure, billing, and payment conditions
6. Term and Termination: Duration of agreement and termination provisions
7. Metering and Testing: Requirements for measuring and verifying power supply
8. Force Majeure: Events beyond parties' control and their consequences
9. Governing Law and Dispute Resolution: Applicable law and dispute handling procedures
1. Environmental Attributes: Handling of renewable energy credits or certificates when dealing with renewable energy sources
2. Performance Security: Requirements for guarantees or performance bonds for high-value contracts or with new counterparties
3. Change in Law: Provisions for regulatory changes affecting the agreement, typically included in long-term agreements
4. Grid Connection: Responsibilities for grid connection and maintenance when seller is responsible for grid connection
1. Technical Specifications: Detailed technical requirements for power supply
2. Pricing Schedule: Detailed pricing formulae and adjustment mechanisms
3. Testing Procedures: Detailed procedures for testing and commissioning
4. Metering Specifications: Technical requirements for metering equipment
5. Form of Performance Security: Template for performance bonds or guarantees
6. Operating Procedures: Detailed operational protocols and procedures
7. Contact Details: List of key contacts and communication protocols
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