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The Renewable Energy Agreement serves as the primary contractual framework for implementing renewable energy projects in the Philippines, structured in compliance with the Renewable Energy Act of 2008 and related regulations. This document is essential when establishing a renewable energy facility, whether it's solar, wind, hydroelectric, geothermal, or biomass power generation. It covers crucial aspects including energy purchase commitments, pricing structures, technical requirements, and regulatory compliance specific to the Philippine energy sector. The agreement typically incorporates provisions required by various Philippine regulatory bodies, including the Department of Energy and Energy Regulatory Commission, while addressing local community benefits under ER 1-94 requirements. It's designed to protect the interests of both the renewable energy developer and the power purchaser while ensuring alignment with national renewable energy goals and regulations.

1. Parties: Identification and details of the contracting parties, including their legal status and authority to enter into the agreement

2. Background: Context of the agreement, including project overview and parties' intentions

3. Definitions: Detailed definitions of terms used throughout the agreement

4. Scope of Agreement: Detailed description of the renewable energy project, including type of renewable energy, capacity, and location

5. Term and Renewal: Duration of the agreement, commencement date, and conditions for renewal

6. Energy Purchase and Sale: Terms governing the purchase and sale of renewable energy, including minimum purchase obligations

7. Price and Payment Terms: Pricing structure, payment mechanisms, and billing procedures

8. Interconnection Requirements: Technical requirements for connecting to the grid or distribution system

9. Metering and Measurements: Specifications for energy measurement and monitoring systems

10. Operating Procedures: Day-to-day operational requirements and protocols

11. Regulatory Compliance: Obligations to comply with Philippine renewable energy laws and regulations

12. Force Majeure: Events constituting force majeure and their consequences

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

14. Insurance: Required insurance coverage and maintaining insurance

15. Default and Termination: Events of default, remedies, and termination procedures

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

17. Confidentiality: Protection of confidential information and trade secrets

18. Assignment and Transfer: Rights and restrictions regarding assignment of the agreement

19. Notices: Communication procedures between parties

20. General Provisions: Standard boilerplate provisions including severability, entire agreement, and amendments