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Power Purchase Agreement

Power Purchase Agreement template defining terms and obligations for all parties

Power Purchase Agreement
Party 1 (Name / Company)
Party 1 Address
Party 2 (Name / Company)
Party 2 Address
Effective Date
Buyer and seller identification
Facility description and location
Nameplate capacity (kW/MW)
Energy price ($/kWh) and escalation
Term (typically 15-25 years)
Delivery point and metering
Renewable energy certificates (RECs) allocation
Performance guarantees
Curtailment provisions
Force majeure
Duration / End Date
Signature
Signature

A comprehensive power purchase agreement defining rights and obligations.

Key Sections

  • Buyer and seller identification
  • Facility description and location
  • Nameplate capacity (kW/MW)
  • Energy price ($/kWh) and escalation
  • Term (typically 15-25 years)
  • Delivery point and metering
  • Renewable energy certificates (RECs) allocation
  • Performance guarantees
  • Curtailment provisions
  • Force majeure
  • Default and remedies
  • Insurance requirements
  • Assignment and financing provisions

Review with legal counsel before use.

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