Ƶ

All Countries
Procurement
Power Purchase Agreement Renewable (Energy)

Power Purchase Agreement Renewable (Energy) Template for Saudi Arabia

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Power Purchase Agreement Renewable (Energy)

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Power Purchase Agreement Renewable (Energy)

"I need a Power Purchase Agreement Renewable (Energy) for a 500MW solar project in Saudi Arabia's Eastern Province, with commercial operations planned for March 2025, including specific provisions for energy storage and local content requirements."

Celebrated by
Collaborations with
Investors
Document background
The Power Purchase Agreement Renewable (Energy) is a crucial document used in Saudi Arabia's renewable energy sector to establish long-term electricity purchase arrangements between independent power producers and power purchasers. This agreement type has gained particular significance with Saudi Arabia's Vision 2030 initiative, which targets 50% renewable energy in the kingdom's energy mix by 2030. The document serves as the primary commercial agreement underpinning renewable energy project development, incorporating specific requirements from Saudi Arabia's regulatory framework, including ECRA regulations, environmental standards, and grid code requirements. It typically covers a 20-25 year term and includes detailed provisions for energy output guarantees, payment mechanisms, grid connection requirements, and performance standards, while ensuring compliance with both Saudi commercial law and Shariah principles.
Suggested Sections

1. Parties: Identification of the power producer and the power purchaser with full legal details

2. Background: Context of the agreement, project overview, and relationship between the parties

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

4. Sale and Purchase Obligations: Core obligations regarding the sale and purchase of electricity, including minimum purchase obligations

5. Term and Effectiveness: Duration of the agreement, conditions precedent, and effective date

6. Construction and Development: Obligations regarding facility construction, testing, and commissioning

7. Operation and Maintenance: Requirements for operating and maintaining the facility

8. Metering and Testing: Requirements for measuring and verifying electricity delivery

9. Billing and Payment: Payment terms, invoicing procedures, and dispute resolution for payments

10. Performance Security: Requirements for performance bonds and security deposits

11. Force Majeure: Definition and consequences of force majeure events

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

13. Liability and Indemnification: Allocation of risks and responsibilities between parties

14. Insurance: Required insurance coverage and related obligations

15. Assignment and Change of Control: Rules regarding transfer of rights and change in ownership

16. Governing Law and Dispute Resolution: Choice of law and procedures for resolving disputes

17. Notices: Procedures for formal communications between parties

18. Miscellaneous: Standard boilerplate provisions including severability, entire agreement, and amendments

Optional Sections

1. Environmental Credits: Provisions regarding renewable energy certificates and carbon credits, used when the project includes tradable environmental attributes

2. Grid Interconnection: Detailed provisions regarding grid connection, used when interconnection is not covered in a separate agreement

3. Local Content Requirements: Provisions regarding local content and Saudi workforce requirements, used when specific local content targets apply

4. Storage Facilities: Provisions regarding energy storage systems, used when the project includes battery or other storage technology

5. Capacity Payments: Additional payment provisions for capacity availability, used in hybrid payment structure projects

6. Step-in Rights: Lender step-in provisions, used when project financing is involved

7. Islamic Finance Provisions: Specific provisions for Shariah compliance, used when Islamic financing is involved

Suggested Schedules

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

2. Testing Procedures: Procedures for commissioning and performance testing

3. Performance Standards: Required performance levels and calculation methodologies

4. Tariff and Payment Calculations: Detailed formulas and mechanisms for calculating payments

5. Form of Performance Security: Template for performance bonds and guarantees

6. Operating Procedures: Detailed procedures for day-to-day operation and maintenance

7. Metering Specifications: Technical requirements for metering equipment and procedures

8. Grid Connection Requirements: Technical specifications for grid interconnection

9. Form of Direct Agreement: Template agreement between lenders, purchaser, and producer

10. Site Description: Legal description and maps of the project site

11. Environmental and Social Requirements: Environmental and social obligations and monitoring requirements

12. Local Content Requirements: Detailed local content targets and measurement methodology

Authors

Alex Denne

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

alex.den.21@genieai.co
Relevant legal definitions






























































































Clauses










































Relevant Industries

Energy & Utilities

Renewable Energy

Infrastructure

Project Finance

Construction

Manufacturing

Environmental Services

Utilities

Public Sector

Power Generation

Relevant Teams

Legal

Commercial

Project Development

Operations

Procurement

Finance

Risk Management

Technical

Environmental Compliance

Business Development

Regulatory Affairs

Relevant Roles

General Counsel

Legal Director

Commercial Director

Project Director

Energy Procurement Manager

Renewable Energy Developer

Power Plant Manager

Contract Manager

Business Development Director

Risk Manager

Environmental Compliance Officer

Technical Director

Chief Financial Officer

Investment Manager

Operations Director

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,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Residential Solar PPA

Saudi Arabian law-governed agreement for residential solar power purchase arrangements, defining installation, operation, and electricity purchase terms between solar providers and homeowners.

find out more

Power Purchase Agreement Renewable (Energy)

Saudi Arabian-governed agreement for the purchase and sale of renewable energy, complying with local regulations and Vision 2030 requirements.

find out more

Corporate Ppa Renewable (Energy)

A Saudi Arabian law-governed agreement for corporate procurement of renewable energy, establishing terms for long-term power purchase between generators and corporate buyers.

find out more

Power Purchase Agreement Solar

Saudi Arabian-governed agreement for the sale and purchase of solar-generated electricity, aligned with local renewable energy regulations and Vision 2030 objectives.

find out more

Green Power Purchase Agreement

A Saudi Arabian law-governed agreement for the sale and purchase of renewable energy, incorporating local regulatory requirements and Shariah principles.

find out more

Virtual Power Purchase Agreement

A Saudi Arabian law-governed financial contract between a renewable energy generator and corporate buyer for virtual electricity procurement, settling price differences between agreed and market rates.

find out more

Renewable Energy Agreement

A Saudi Arabian law-governed agreement for renewable energy project development, operation, and maintenance, aligned with Vision 2030 requirements.

find out more

Commercial Power Purchase Agreement

Saudi Arabian-governed agreement for the commercial sale and purchase of electrical power between a generator and buyer, incorporating local regulatory requirements and Sharia principles.

find out more

Direct Power Purchase Agreement

A Saudi Arabian law-governed agreement for direct electricity sale between power producers and corporate buyers, establishing terms for power supply, pricing, and operational requirements.

find out more

Power Purchase Contract

A Saudi Arabian law-governed agreement for the sale and purchase of electrical power between a generator and purchaser, incorporating local regulatory requirements and market conditions.

find out more

Physical Power Purchase Agreement

Saudi Arabian-governed agreement for the sale and purchase of electrical power between a generator and off-taker, including delivery terms, pricing, and regulatory compliance.

find out more

Power Sale Agreement

A contract governed by Saudi Arabian law regulating the sale and purchase of electrical power between generator and purchaser, including delivery terms, pricing, and operational requirements.

find out more

Power Offtake Agreement

A Saudi Arabian law-governed agreement establishing terms for power sale and purchase between generator and offtaker, including commercial and technical requirements.

find out more

Power Supply Agreement

A Saudi Arabian law-governed agreement establishing terms and conditions for electrical power supply between generator and purchaser, including delivery, pricing, and operational requirements.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.