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Key Clauses
Power Purchase Agreement (Initial Draft)
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Power Purchase Agreement (Initial Draft) - attorney-drafted template. Party names and deal-specific details have been replaced with neutral placeholders. Review before use.
SUMMARY OF PPA PROVISIONS
1. RENEWABLE ENERGY SELLER
[COMPANY] (“Seller”)
2.RENEWABLE ENERGY SELLER
INFORMATION _____________________________
3. ENERGY PURCHASER [COMPANY] (“Buyer”)
4. ENERGY PURCHASER INFO ______________________________________
5. PREMISES Real property in the County of [COUNTY], State of [STATE], commonly known as the [COMPANY] Wastewater Treatment Plant (“[COMPANY] Wastewater Treatment Plant”)
6. RENEWABLE FUEL
COGENERATION SYSTEM: See Exhibit A.
7. COMMENCEMENT DATE Commercial Operation Date as certified by Seller.
8. INITIAL TERM 20 Years.
9. EXTENSION TERMS Extension Terms of five (5) years unless terminated by either Party not less than 365 days prior to expiration of Initial Term or Extension Term, or for Event of Default.
10. ENERGY PURCHASE 100% of Energy Output during the Initial Term
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Power Purchase Agreement (Initial Draft)
Purchase Agreements -- US - General