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Ppa Agreement Solar

Ppa Agreement Solar Template for United States

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Key Requirements PROMPT example:

Ppa Agreement Solar

"Need a Solar PPA Agreement for a 5MW solar installation in Arizona, where we're the power producer selling to a manufacturing facility, with delivery starting March 2025 and including battery storage provisions."

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Document background
The Solar PPA Agreement is a crucial document in renewable energy transactions within the United States, used when a solar power producer seeks to sell electricity to a purchaser over an extended period, typically 15-25 years. This agreement type has become increasingly important with the growth of renewable energy adoption and includes detailed provisions for energy pricing, delivery specifications, performance guarantees, and regulatory compliance. It addresses both federal requirements and state-specific renewable energy regulations, making it essential for commercial, industrial, and utility-scale solar projects.
Suggested Sections

1. Parties: Identification of the power producer and purchaser, including full legal names and addresses

2. Background: Context of the agreement, project overview, and facility details

3. Definitions: Key terms used throughout the agreement including technical and commercial definitions

4. Sale and Purchase of Energy: Core commercial terms including pricing, quantity, and delivery obligations

5. Term and Termination: Duration of agreement, commencement date, and termination rights

6. Delivery Point and Metering: Technical specifications for energy delivery and measurement

7. Facility Construction and Operation: Requirements for construction, commissioning, and ongoing operation

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

9. Force Majeure: Events beyond parties' control and their consequences

10. Default and Remedies: Events of default and available remedies for both parties

11. Insurance: Required insurance coverage for both parties

12. Assignment and Change of Control: Rights and restrictions regarding transfer of the agreement

13. Governing Law and Dispute Resolution: Applicable law and mechanism for resolving disputes

Optional Sections

1. Environmental Attributes: Treatment of renewable energy credits (RECs) and other environmental benefits - used when RECs are part of the transaction

2. Battery Storage: Terms related to energy storage systems - included when the solar facility includes battery storage

3. Interconnection: Details of grid connection requirements - used when interconnection terms are not covered in a separate agreement

4. Property Rights: Site access and easement rights - included when site access terms are not in a separate agreement

Suggested Schedules

1. Schedule A - Technical Specifications: Detailed facility specifications and performance parameters

2. Schedule B - Pricing Schedule: Detailed pricing mechanisms, calculations, and adjustment provisions

3. Schedule C - Site Description: Legal description of the facility location and site plans

4. Schedule D - Performance Guarantees: Minimum performance requirements and remedies for underperformance

5. Schedule E - Metering Requirements: Specifications for metering equipment and procedures

6. Schedule F - Form of Performance Security: Template for required performance bonds or other security

Authors

Alex Denne

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

alex.den.21@genieai.co
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Industries

PURPA: Public Utility Regulatory Policies Act - Federal legislation that requires utilities to purchase power from qualifying facilities, including renewable energy sources

Federal Power Act: Governs the transmission and wholesale sales of electricity in interstate commerce and establishes FERC's regulatory authority

ITC Regulations: Investment Tax Credit regulations that provide federal tax incentives for solar energy investments

FERC Regulations: Federal Energy Regulatory Commission rules governing interstate electricity transmission and wholesale electricity markets

NEPA: National Environmental Policy Act requirements for environmental impact assessment of energy projects

Clean Air Act: Federal law governing air emissions and its implications for renewable energy projects

State RPS: State Renewable Portfolio Standards that mandate utilities to source specific percentages of their electricity from renewable sources

Net Metering Laws: State-specific regulations governing how utilities credit solar energy system owners for the electricity they generate

State PUC Regulations: State Public Utility Commission rules governing utility operations and renewable energy integration

State Environmental Regulations: State-specific environmental protection requirements affecting solar installations

Interconnection Requirements: Technical and operational standards for connecting solar facilities to the electrical grid

State Solar Incentives: State-specific programs and financial incentives promoting solar energy adoption

Local Zoning Laws: Municipal and county regulations governing solar installation siting and land use

Property Laws: Real estate laws governing property rights, easements, and land use for solar installations

Securities Laws: Federal and state regulations that may apply to certain solar financing structures

UCC Article 2: Uniform Commercial Code provisions governing sales of goods, which may apply to solar equipment

Consumer Protection Laws: Federal and state laws protecting consumer rights in energy contracts and installations

Insurance Requirements: Mandatory insurance coverage and risk management requirements for solar installations

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

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