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Power Purchase Agreement Renewable (Energy) Template for Philippines

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Key Requirements PROMPT example:

Power Purchase Agreement Renewable (Energy)

"I need a Power Purchase Agreement Renewable (Energy) for a 50MW solar power project in Luzon, Philippines, where my company will be selling power to a private distribution utility, with commercial operations expected to begin in March 2025."

Document background
The Power Purchase Agreement Renewable (Energy) is a crucial contract used in the Philippine renewable energy sector to establish the legal and commercial framework for renewable power generation projects. This document is essential when a renewable energy producer seeks to sell electricity to an off-taker, whether a distribution utility, electric cooperative, or private entity. It incorporates specific requirements under Philippine law, including compliance with the Renewable Energy Act of 2008, EPIRA regulations, and relevant Department of Energy circulars. The agreement typically covers project technical specifications, operational requirements, pricing mechanisms (including Feed-in Tariff considerations where applicable), performance standards, and risk allocation. It's particularly important for project financing as it provides the revenue security needed for renewable energy project development.
Suggested Sections

1. Parties: Identification of the power producer (seller) and the power purchaser (buyer), including their legal details and registered addresses

2. Background: Context of the agreement, including project overview, regulatory framework, and relevant licenses/permits

3. Definitions and Interpretation: Detailed definitions of terms used in the agreement and rules of interpretation

4. Sale and Purchase Obligations: Core obligations of parties, including commitment to sell/purchase energy, exclusivity provisions, and minimum purchase obligations

5. Term and Termination: Duration of the agreement, conditions precedent, effective date, and termination circumstances

6. Facility Requirements: Technical specifications of the renewable energy facility, including capacity, technology type, and location

7. Delivery Point and Grid Connection: Specification of the delivery point, grid connection requirements, and responsibilities for interconnection

8. Metering and Testing: Requirements for metering equipment, testing procedures, and meter reading protocols

9. Price and Payment: Energy price structure, payment terms, invoicing, and adjustment mechanisms

10. Operating Procedures: Day-to-day operational requirements, maintenance schedules, and coordination procedures

11. Performance Standards: Required performance levels, availability guarantees, and quality standards

12. Force Majeure: Definition of force majeure events and consequences, including relief provisions

13. Change in Law: Provisions addressing changes in applicable laws and regulations affecting the agreement

14. Insurance: Required insurance coverage and related obligations

15. Assignment and Security: Rules regarding assignment of rights and creation of security interests

16. Dispute Resolution: Procedures for resolving disputes, including jurisdiction and governing law

17. Representations and Warranties: Standard and specific warranties from both parties

18. Confidentiality: Provisions regarding confidential information and permitted disclosures

Optional Sections

1. Energy Storage: Technical and operational requirements for energy storage systems, if applicable

2. Construction and Development: Requirements and milestones for facility construction, used when PPA is signed before facility completion

3. Local Community Benefits: Provisions for local community support and benefits as required by Philippine regulations

4. Carbon Credits: Allocation and management of carbon credits or other environmental attributes

5. Direct Agreements: Provisions for lender direct agreements, if project financing is involved

6. Deemed Generation: Compensation mechanism for curtailed or deemed generated energy

7. Step-in Rights: Conditions and procedures for step-in rights by lenders or the buyer

8. Import Facilities: Provisions regarding import facilities if equipment needs to be imported

Suggested Schedules

1. Technical Specifications: Detailed technical specifications of the facility, including generation technology and equipment

2. Testing and Commissioning Procedures: Detailed procedures for testing and commissioning the facility

3. Operating Parameters: Specific operating parameters, including ramp rates, minimum/maximum output

4. Pricing and Payment Calculations: Detailed methodology for calculating payments, including tariff structure

5. Form of Performance Security: Template and requirements for performance security instruments

6. Grid Connection Requirements: Detailed technical requirements for grid connection and compliance

7. Maintenance Schedule: Planned maintenance schedules and procedures

8. Environmental and Social Requirements: Specific environmental and social obligations and compliance requirements

9. Insurance Requirements: Detailed insurance requirements and minimum coverage levels

10. Permits and Authorizations: List of required permits, licenses, and authorizations

11. Emergency Procedures: Procedures for handling emergency situations and communication protocols

12. Performance Standards: Detailed performance standards and testing procedures

Authors

Alex Denne

Head of Growth (Open Source Law) @ 抖阴短视频 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions





































































Clauses









































Relevant Industries

Renewable Energy

Power Generation

Utilities

Infrastructure

Project Finance

Clean Technology

Solar Power

Wind Power

Hydroelectric Power

Geothermal Energy

Energy Storage

Green Energy

Relevant Teams

Legal

Finance

Project Development

Operations

Regulatory Affairs

Environmental Compliance

Commercial

Technical

Risk Management

Business Development

Sustainability

Treasury

Engineering

Procurement

Relevant Roles

Chief Executive Officer

Chief Financial Officer

General Counsel

Energy Project Manager

Renewable Energy Developer

Power Plant Manager

Commercial Director

Regulatory Compliance Officer

Environmental Compliance Officer

Project Finance Manager

Business Development Manager

Technical Operations Manager

Grid Connection Manager

Energy Trading Manager

Risk Manager

Sustainability Officer

Industries










Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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