[{"data":1,"prerenderedAt":543},["ShallowReactive",2],{"document-power-purchase-agreement-D12873":3},{"document":4,"label":23,"preview":11,"thumb":24,"description":5,"descriptionCustom":6,"apiDescription":5,"pages":8,"extension":10,"parents":25,"breadcrumb":29,"related":35,"customDescModule":180,"customdescription":6,"mdFm":181,"mdProseHtml":542},{"description":5,"descriptionCustom":6,"label":7,"pages":8,"size":9,"extension":10,"preview":11,"thumb":12,"svgFrame":13,"seoMetadata":14,"parents":16,"keywords":15},"POWER PUCHASE AGREEMENT This Power Purchase Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [FIRST PARTY FULL NAME] (the \"Developer/Seller\"), with its address located at: [YOUR COMPLETE ADDRESS] AND: [SECOND PARTY NAME] (the \"Buyer\"/\"Utility\"), with its address located at: [COMPLETE ADDRESS] WHEREAS the Developer agrees to complete construction and commissioning of its [name, description, location, and capacity or energy output of project] (\"Project\"); WHEREAS the Developer agrees to make available and to sell the Net Energy Output from the Project to the Utility; and WHEREAS the Utility wishes to purchase the electrical energy generated by the Project, pursuant to the terms and conditions in this Agreement; NOW THEREFORE, in consideration of the premises and of the mutual agreements contained in this Agreement, the Parties hereto agree as follows: SALE AND PURCHASE OF ENERGY Sale to Utility Subject to, and in accordance with, the terms of this Agreement, the Developer shall make available and sell to the Utility, and the Utility shall purchase from the Developer (on a \"take or pay\" basis), the Net Energy Output of the Project, up to a maximum of [maximum output capacity or lesser contracted amount] plus or minus [variance allowance, based on manufacturer specifications] percent, beginning on the Commercial Operations Date. As Available Energy Take Upon and after the Commercial Operations Date, the Utility shall accept energy as available up to a maximum total energy equivalent of [Project or contracted maximum] kW per hour plus or minus five percent, provided that the Utility may accept energy above this level at its sole discretion. Sale to Developer Subject to, and in accordance with, the terms of this Agreement, the Utility shall make available and sell to the Developer, and the Developer may purchase from the Utility, capacity and energy on the same basis as the Utility's then prevailing tariff for electricity sold to industrial customers. Energy Price The amount of the payments due from the Utility to the Developer for Net Energy Output from the Project shall be calculated in accordance with Schedule 2 (Calculation of Payments), using the Energy Price defined in that schedule. The payments shall be made at the times specified in Paragraph 3.2 (Billing and Payment). TERM Initial Term The initial term of this Agreement shall commence on the date of this Agreement and shall end [length of Agreement term] from the Commercial Operations Date, unless this Agreement is terminated earlier, pursuant to the provisions of this Agreement, allowing for termination in the event of a breach or default by either of the Parties (\"Early Termination\"). Any Early Termination of this Agreement shall be without prejudice to all rights and obligations of the Parties accrued under this Agreement prior to such termination. Renewal Term This Agreement may be extended by either Party for a single additional period of [agreed renewal term] years, on the terms defined by this Agreement, provided that: The Party seeking an extension has made a prior written request to extend the Agreement to the other Party, such request to be made not more than 36 months and not less than 24 months before the end of the initial term of this Agreement; The Party receiving a request to extend the Agreement has not rejected the request in a written response to the Party seeking an extension, given not more than 3 months following receipt of the request for extension; and There is not an event of default of either Party, as defined in Paragraphs 9.2 (Developer Defaults) and 9.3 (Utility Defaults), on the date the extension begins. CURRENCY, PAYMENTS AND BILLING Currency All payments required pursuant to any provision of this Agreement (including provisions applicable in the event of any breach, default, or other failure of performance) shall be calculated and paid in [agreed currency]. Billing and Payment Monthly Invoices: Within 25 days after the end of each month, each Party shall prepare and deliver to the other Party an invoice reflecting amounts payable by the other Party pursuant to this Agreement. The Developer's invoice to the Utility shall include calculations, in reasonable detail, of the amounts due.. Calculation of Payments: The Utility's invoice to the Developer shall include calculations in reasonable detail of the amounts owed to the Utility, with specific reference to applicable tariffs. Special Invoices: If there is an event of default, breach, or other failure to perform for which this Agreement specifies payment of amounts as liquidated damages or otherwise, the Party to be compensated shall prepare and deliver to the other Party a special invoice that shows the calculation of any amounts due pursuant to this Agreement, specifies the provisions applied, and details the periods of delay or other factors on which the claim is based. Electronic Funds Transfer: Each Party shall pay the sums owed by wire transfer in immediately available funds within 21 days of receipt of each monthly invoice from the other Party. Payments for electrical energy provided by either Party to the other Party shall not be subject to any set-off. Each Party shall make payment by electronic transfer of funds to an account that is held and specified by the other Party. If electronic transfer of funds is not practicable or is not desired by the receiving Party, the Parties shall agree on specific alternative payment procedures. Late Payments: Payments not made by the due date shall accrue daily interest at the greater of [specific daily interest rate or identified daily interest rate proxy] or the maximum lawful rate. Any such charges for interest shall be calculated by the paying Party and included with payment of the invoice without the need for an additional invoice for those amounts. Disputed Invoices If either Party, on reasonable grounds, disputes any portion of a monthly invoice or the correctness of the amount received in payment of an invoice, then that Party shall, within 14 days of the receipt of such invoice or payment, serve a notice on the other Party indicating the amount and basis of the dispute. Neither Party shall be required to pay a disputed amount, pending resolution of the dispute. The dispute shall be settled by mutual discussion, and, if necessary, resolved pursuant to Paragraph 13 (Resolution of Disputes). If it is determined that either Party owes the other an amount of money, the owing Party shall, within seven (7) days after its receipt of such determination, pay such sum, together with interest, at a rate equal to [specific interest rate or identified interest rate proxy] to the other Party, in the manner specified for payment of the disputed invoice. PRE-OPERATION OBLIGATIONS Construction and Commissioning The Developer shall undertake and be obligated (a) to complete construction of the Project and (b) to achieve successful completion of the required test operations prescribed in Schedule 3 (Testing and Commissioning) no later than the Required Commercial Operations Date. In the event that the Project does not successfully complete the required test operations prescribed in Schedule 3 (Testing and Commissioning) on or before the Required Commercial Operations Date, and the Utility is in full compliance with all its material obligations under this Agreement, then the Developer shall be liable to the Utility in an amount to be determined in accordance with the liquidated damages provisions of Schedule 2 (Calculation of Payments). Permits and Licenses The Developer, at its sole cost and expense, shall acquire and maintain in effect all permits, licenses and approvals required by all local agencies, commissions and authorities with jurisdiction over the Developer or the Project, so that the Developer may lawfully perform its obligations under this Agreement. 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Prepared By: [YOUR NAME] [YOUR JOB TITLE] Phone 555.555.5555 Email info@yourbusiness.com www.yourbusiness.com Table of Content Table of Content 2 Executive Summary 3 1. Overview 4 1.1 Purpose of the Fundraising Plan 4 1.2 The Event 5 1.3 The Team 5 2. Goals & Objectives 5 2.1 Goals 5 2.2 Objectives 6 3. Strategy & Analysis 7 3.1 Strategy 7 3.2 SWOT Analysis 7 4. Action Plan 8 5.Budget 9 Executive Summary The Fundraising Plan is the link between strategic objectives and the implementation of activities to achieve these fundraising objectives. In simple terms, it means turning the strategic fundraising plan into achievable tasks. The purpose of the plan is to establish the fundraising framework and to identify the main tasks, resource requirements and timelines for the various activities that need to be carried out to achieve the objectives of the [FUNDRAISER NAME] fundraising plan. [COMPANY NAME] therefore assesses the fundraising activities annually to determine whether they will achieve the strategic objectives set. This brings stability to our strategic fundraising plan. It also provides flexibility to respond to issues that may emerge from the fundraising plan and to address risks that may affect the strategic objectives. As a reminder, please find below the main elements of the strategic fundraising plan [202X-202X] Strategic Plan Vision: [WRITE YOUR CONTENT HERE] Mission: [WRITE YOUR CONTENT HERE] Values: [WRITE YOUR CONTENT HERE] Goals: [WRITE YOUR CONTENT HERE] By going through the fundraising plan, you will be able to see the different activities that will be undertaken by your department as well as the possible impact on your daily work. 1. Overview 1.1 Purpose of the Fundraising Plan A Fundraising Plan is a highly detailed plan that provides a clear picture of how a team, section or department will contribute to the achievement of the fundraising goals. The fundraising plan maps out the day-to-day tasks required to run a business and cover. The plan covers the what, the who, the when, and how much:","Fundraising Plan","8","https://templates.business-in-a-box.com/imgs/1000px/fundraising-plan-D12792.png","https://templates.business-in-a-box.com/imgs/250px/12792.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12792.xml",{"title":92,"description":6},"fundraising plan",[94,97],{"label":95,"url":96},"Sales & Marketing","sales-marketing",{"label":98,"url":99},"Marketing Plan","marketing-plan","commercial lease agreement","/template/commercial-lease-agreement-D12792",{"description":103,"descriptionCustom":6,"label":104,"pages":105,"size":9,"extension":10,"preview":106,"thumb":107,"svgFrame":108,"seoMetadata":109,"parents":111,"keywords":110,"url":117},"NON-DISCLOSURE AGREEMENT (NDA) This Non-Disclosure Agreement (the \"Agreement\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Disclosing Party\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [RECEIVING PARTY NAME] (the \"Receiving Party\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS, Receiving Party has been or will be engaged in the performance of work on [DESCRIBE]; and in connection therewith will be given access to certain confidential and proprietary information; and WHEREAS, Receiving Party and Disclosing Party wish to evidence by this Agreement the manner in which said confidential and proprietary material will be treated. NOW, THEREFORE, it is agreed as follows: NON-DISCLOSURE OF CONFIDENTIAL INFORMATION Both Parties understand and agree that each Party may have access to the confidential information of the other party. For the purposes of this Agreement, \"Confidential Information\" means proprietary and confidential information about the Disclosing Party's (or it's suppliers') business or activities. Such information includes all business, financial, technical, and other information marked or designated by such Party as \"confidential\" or \"proprietary.\" Confidential Information also includes information which, by the nature of the circumstances surrounding the disclosure, ought in good faith to be treated as confidential. For the purposes of this Agreement, Confidential Information does not include: Information that is currently in the public domain or that enters the public domain after the signing of this Agreement. Information a Party lawfully receives from a third Party without restriction on disclosure and without breach of a non-disclosure obligation. Information that the Receiving Party knew prior to receiving any Confidential Information from the Disclosing Party. Information that the Receiving Party independently develops without reliance on any Confidential Information from the Disclosing Party. Each Party agrees that it will not disclose to any third Party or use any Confidential Information disclosed to it by the other Party except when expressly permitted in writing by the other Party. Each Party also agrees that it will take all reasonable measures to maintain the confidentiality of all Confidential Information of the other Party in its possession or control. TERM The term of this Agreement is [number] of [years/months] from the date of execution by both Parties. TITLE The Receiving Party agrees that all Confidential Information furnished by the Disclosing Party shall remain the sole property of the Disclosing Party. DISCLAIMER","Non Disclosure Agreement Nda","3","https://templates.business-in-a-box.com/imgs/1000px/non-disclosure-agreement-nda-D12692.png","https://templates.business-in-a-box.com/imgs/250px/12692.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12692.xml",{"title":110,"description":6},"non disclosure agreement nda",[112,114],{"label":18,"url":113},"business-legal-agreements",{"label":115,"url":116},"Confidentiality Agreements","confidentiality-agreement","/template/non-disclosure-agreement-nda-D12692",{"description":119,"descriptionCustom":6,"label":120,"pages":121,"size":122,"extension":10,"preview":123,"thumb":124,"svgFrame":125,"seoMetadata":126,"parents":127,"keywords":131,"url":132},"INDEPENDENT CONTRACTOR AGREEMENT This Independent Contractor Agreement (\"Agreement\") is made and effective [Date], BETWEEN: [INDEPENDENT CONTRACTOR NAME] (the \"Independent Contractor\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [YOUR COMPANY NAME] (the \"Company\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] RECITALS Independent Contractor is engaged in providing [Describe] business services, its Employer Tax I.D. Number is [Insert], and its Business License Number is [insert]. Independent Contractor has complied with all Federal, State, and local laws regarding business permits, sales permits, licenses, reporting requirements, tax withholding requirements, and other legal requirements of any kind that may be required to carry out said business and the Scope of Work which is to be performed as an Independent Contractor pursuant to this Agreement. Independent Contractor is or remains open to conducting similar tasks or activities for clients other than the Company and holds themselves out to the public to be a separate business entity. Company desires to engage and contract for the services of the Independent Contractor to perform certain tasks as set forth below. Independent Contractor desires to enter into this Agreement and perform as an independent contractor for the company and is willing to do so on the terms and conditions set forth below. NOW, THEREFORE, in consideration of the above recitals and the mutual promises and conditions contained in this Agreement, the Parties agree as follows: TERMS This Agreement shall be effective commencing [Date], and shall continue until terminated at the completion of the Scope of Work which shall occur no later than [Date] or by either party as otherwise provided herein. STATUS OF INDEPENDENT CONTRACTOR This Agreement does not constitute a hiring by either party. It is the parties intentions that Independent Contractor shall have an independent contractor status and not be an employee for any purposes, including, but not limited to, [laws]. Independent Contractor shall retain sole and absolute discretion in the manner and means of carrying out their activities and responsibilities under this Agreement. This Agreement shall not be considered or construed to be a partnership or joint venture, and the Company shall not be liable for any obligations incurred by Independent Contractor unless specifically authorized in writing. Independent Contractor shall not act as an agent of the Company, ostensibly or otherwise, nor bind the Company in any manner, unless specifically authorized to do so in writing. TASKS, DUTIES, AND SCOPE OF WORK Independent Contractor agrees to devote as much time, attention, and energy as necessary to complete or achieve the following: [Describe]. The above to be referred to in this Agreement as the \"Scope of Work\". It is expected that the Scope of Work will completed by [Date]. Independent Contractor shall additionally perform any and all tasks and duties associated with the Scope of Work set forth above, including but not limited to, work being performed already or related change orders. Independent Contractor shall not be entitled to engage in any activities which are not expressly set forth by this Agreement. The books and records related to the Scope of Work set forth in this Agreement shall be maintained by the Independent Contractor at the Independent Contractor's principal place of business and open to inspection by Company during regular working hours. Documents to which Company will be entitled to inspect include, but are not limited to, any and all contract documents, change orders/purchase orders and work authorized by Independent Contractor or Company on existing or potential projects related to this Agreement. Independent Contractor shall be responsible to the management and directors of Company, but Independent Contractor will not be required to follow or establish a regular or daily work schedule. Supply all necessary equipment, materials and supplies. Independent Contractor will not rely on the equipment or offices of Company for completion of tasks and duties set forth pursuant to this Agreement. Any advice given Independent Contractors regarding the scope of work shall be considered a suggestion only, not an instruction. Company retains the right to inspect, stop, or alter the work of Independent Contractor to assure its conformity with this Agreement. ASSURANCE OF SERVICES Independent Contractor will assure that the following individuals (the \"Key Employees\") will be available to perform, and will perform, the Services hereunder until they are completed (identify by title and name as applicable): [Name of Key Employee, Title] [Name of Key Employee, Title] The Key Employees may be changed only with the prior written approval of the Company, which approval shall not be unreasonably withheld. COMPENSATION Independent Contractor shall be entitled to compensation for performing those tasks and duties related to the Scope of Work as follows: [Describe] Such compensation shall become due and payable to Independent Contractor in the following time, place, and manner: [Describe] NOTICE CONCERNING WITHHOLDING OF TAXES Independent Contractor recognizes and understands that it will receive a [specify tax] statement and related tax statements, and will be required to file corporate and/or individual tax returns and to pay taxes in accordance with all provisions of applicable Federal and State law. Independent Contractor hereby promises and agrees to indemnify the Company for any damages or expenses, including attorney's fees, and legal expenses, incurred by the Company as a result of independent contractor's failure to make such required payments. AGREEMENT TO WAIVE RIGHTS TO BENEFITS Independent Contractor hereby waives and foregoes the right to receive any benefits given by Company to its regular employees, including, but not limited to, health benefits, vacation and sick leave benefits, profit sharing plans, etc. This waiver is applicable to all non-salary benefits which might otherwise be found to accrue to the Independent Contractor by virtue of their services to Company, and is effective for the entire duration of Independent Contractor's agreement with Company. This waiver is effective independently of Independent Contractor's employment status as adjudged for taxation purposes or for any other purpose. Neither this Agreement, nor any duties or obligations under this Agreement may be assigned by either party without the consent of the other. TERMINATION This Agreement may be terminated prior to the completion or achievement of the Scope of Work by either party giving [number] days written notice. Such termination shall not prejudice any other remedy to which the terminating party may be entitled, either by law, in equity, or under this Agreement. NON-DISCLOSURE OF TRADE SECRETS, CUSTOMER LISTS AND OTHER PROPRIETARY INFORMATION Independent Contractor agrees not to disclose or communicate, in any manner, either during or after Independent Contractor's agreement with Company, information about Company, its operations, clientele, or any other information, that relate to the business of Company including, but not limited to, the names of its customers, its marketing strategies, operations, or any other information of any kind which would be deemed confidential, a trade secret, a customer list, or other form of proprietary information of Company. Independent Contractor acknowledges that the above information is material and confidential and that it affects the profitability of Company. ","Independent Contractor Agreement","6",62,"https://templates.business-in-a-box.com/imgs/1000px/independent-contractor-agreement-D160.png","https://templates.business-in-a-box.com/imgs/250px/160.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#160.xml",{"title":6,"description":6},[128],{"label":129,"url":130},"Consultant & Contractors","consulting-contractor-business","independent contractor agreement","/template/independent-contractor-agreement-D160",{"description":134,"descriptionCustom":6,"label":135,"pages":136,"size":9,"extension":10,"preview":137,"thumb":138,"svgFrame":139,"seoMetadata":140,"parents":142,"keywords":149,"url":150},"[COMPANY NAME] UNLIMITED VACATION POLICY WHAT IS UNLIMITED VACATION POLICY: At [COMPANY NAME], we take pride in our employees' incredible work ethic and want to reward that dedication with an unlimited vacation policy. As opposed to a traditional vacation or sick day policy, you may request time off as you see fit. No vacation days will accrue, nothing will expire, and you won't see any mention of vacation time on your pay stubs. Time off is yours to enjoy as long as you follow company regulations. WHAT TIME OFF CAN BE USED FOR: Unlimited time off can be used for vacations, illness, family illness, emergencies, bad weather conditions, doctor's appointments (for yourself or a family member), or other personal matters requiring you to take time off from work. For long-term leave, please discuss it with your manager. HOW TO TAKE TIME OFF: Scheduling your time off is subject to approval by your manager. Your manager will have sole discretion to approve or deny requests under this policy. Certain restrictions do apply, including: No more than [NUMBER OF WEEKS] week(s) of time off at a time. No recurring time off; for instance, you cannot take every Monday off. To take time off, an employee must complete the following: REQUEST TIME OFF Planned absence: Tell your manager in advance of any planned absence and the day(s) you are requesting off. If you are requesting a full one (1) week of time off, you should request at least one month in advance, if possible. Your manager will determine if they think others can appropriately cover your work. Requests must be made by email for record-keeping. Unplanned absence:","Unlimited Vacation Policy","2","https://templates.business-in-a-box.com/imgs/1000px/unlimited-vacation-policy-D12782.png","https://templates.business-in-a-box.com/imgs/250px/12782.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12782.xml",{"title":141,"description":6},"unlimited vacation policy",[143,146],{"label":144,"url":145},"Human Resources","human-resources",{"label":147,"url":148},"Company Policies","company-policies","joint venture agreement","/template/joint-venture-agreement-D12782",{"description":152,"descriptionCustom":6,"label":153,"pages":121,"size":9,"extension":10,"preview":154,"thumb":155,"svgFrame":156,"seoMetadata":157,"parents":159,"keywords":158,"url":162},"SERVICE AGREEMENT This SERVICE AGREEMENT (\"Agreement\") is effective [DATE], BETWEEN: [COMPANY NAME] (the \"Contractor\"), a company organized and existing under the laws of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [COMPANY NAME] (the \"Customer\"), a company organized and existing under the laws of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] (The Contractor and the Customer shall be individually referred to as a \"Party\" and collectively referred to as the \"Parties\", as the context may require). WHEREAS A. Contractor has experience and expertise in [DESCRIBE EXPERIENCE AND SERVICE]. B. Customer desires to have Contractor provide services for them. C. Contractor desires to provide services to Customer on the terms and conditions set forth herein (the \"Services\"). NOW THEREFORE, in consideration of the above recitals, the representations, warranties, and agreements contained in this Agreement and for other good and valuable consideration, the receipt and adequacy of which are now acknowledged, the Parties agree as follows: SERVICES PROVIDED Beginning on upon agreement to this contract, [CONTRACTOR] will provide to [CUSTOMER] the following service (collectively, the /Services\"): Description of the project: [DESCRIBE THE SERVICE REQUIRED]. SCOPE OF WORK Contractor agrees to provide Services pursuant to the Scope of Work set forth in Exhibit A attached hereto (the \"Scope of Work\"). TERM Unless both parties mutually agree on an extension, this contract will automatically terminate on [SPECIFY]. PERFORMANCE The parties agree to do everything possible to ensure that the terms of this Agreement take effect. PAYMENT FOR SERVICES In exchange for the Services rendered, a payment of [SPECIFY] will be made to the Contractor upon completion of the scheduled Services described in this Contract. If an invoice is not paid on the due date, interest will be added to the current balance. These amounts shall be payable, and the Customer shall pay all overdue amounts at the lesser of [SPECIFY] per cent per annum or the maximum percentage permitted by applicable law. Or Customer will pay Contractor as follows: [SPECIFY]. DELIVERY OF SERVICES The Contractor will exercise due diligence in the provision of services. However, the Customer acknowledges that the indicated delivery times and other payment milestones listed in Scope of Work are estimates and do not constitute final delivery dates. SECURITY The Contractor must make reasonable security arrangement to protect Material from unauthorized access, collection, use, alteration or disposal. OWNERSHIP RIGHT The Customer shall hold the copyright for the agreed version of the Services as delivered, and the Customer's copyright notice may be displayed in the final version. All works, ideas, discoveries, inventions, patents, products or other information that may be protected by copyright (collectively, the \"Work Product\" developed in whole or in part by the Contractor in connection with the Services, shall be the exclusive property of the Customer. Upon request, the Contractor shall execute all documents necessary to confirm or perfect the exclusive ownership of the Customer's \"Work Product\". The Contractor retains exclusive rights to pre-existing materials used in the Customer's projects. The Customer shall not have the right to reuse, resell or otherwise transfer material belonging to the contractor or third parties. The Contractor reserves the right to use the finished public product as an example of a product. RETURN OF PROPERTY Upon the expiry or termination of this Agreement, the Contractor will return to the Customer any property, documentation, records or Confidential Information which is the property of the Customer. COMPENSATION For all services rendered by the Contractor under this Agreement, the Customer shall indemnify the Contractor. In the event that the Customer fails to make any of the payments mentioned, the Contractor shall have the right, but shall not be obliged, to exercise any of the following remedies: ","Service Agreement","https://templates.business-in-a-box.com/imgs/1000px/service-agreement-D12711.png","https://templates.business-in-a-box.com/imgs/250px/12711.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12711.xml",{"title":158,"description":6},"service agreement",[160,161],{"label":18,"url":113},{"label":18,"url":113},"/template/service-agreement-D12711",{"description":164,"descriptionCustom":6,"label":165,"pages":121,"size":9,"extension":10,"preview":166,"thumb":167,"svgFrame":168,"seoMetadata":169,"parents":171,"keywords":178,"url":179},"LEASE TO OWN AGREEMENT This Lease to Own Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [FIRST PARTY NAME] (the \"Landlord/Seller\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [SECOND PARTY NAME] (the \"Tenant/Buyer\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] WHEREAS the Landlord wishes to lease its property to the Tenant and give an option to purchase as well; WHEREAS the Tenant wishes to take the property on lease and have an option to purchase the same. NOW THEREFORE, in consideration of the premises and of the mutual agreements contained in this Agreement, the Parties hereto agree as follows: DESCRIPTION The Landlord/Seller agrees to lease, and the Tenant/Buyer agrees to rent the property located at: [ENTER PROPERTY ADDRESS] TERM The term of this Lease/Option shall be for a period of ________ months commencing on _____________ and ending on ____________. The term will be automatically extended for _______ periods of_________ months, unless the Tenant/Buyer gives notice to the Landlord/Seller of its intent to terminate this Lease, by mailing a written notice to the last provided address of the Landlord/Seller. Liability for payment will not extend beyond notice to terminate this Agreement. RENT AND RENT CREDIT The Tenant/Buyer agrees to pay to the Landlord/Seller, the sum of $__________ per month, with the first payment beginning _______________ as rent for the property, for the term of this Lease/Option, and during any extensions thereof. All rental payments shall be due and payable in advance on the 1st day of each and every month. An amount equal to $_____________ for each month in which rent was paid, shall be credited to the Tenant/Buyer and applied to the purchase price of the property in the event that the Tenant/Buyer exercises its option hereunder; otherwise, this credit shall be non-refundable and considered forfeited if the option is not exercised. PURCHASE OPTION 4.1 The Tenant/Buyer, as part of the consideration herein, is hereby granted the exclusive right, option and privilege of purchasing said property at any time during the term of this Lease/Option Agreement or any extension thereof. The Tenant/Buyer shall notify the Landlord/Seller in writing of the exercise of this option at least ten (10) days prior to the expiration of the initial term of this Lease/Option, or the expiration of any extension thereof, by mail to the last-provided address of the Landlord/Seller. PURCHASE OPTION PRICE AND TERMS 5.1 The Tenant/Buyer agrees to pay for said property the sum of $____________ less any sums for which the Tenant/Buyer is entitled to claim reimbursement or offset in accordance with this Agreement, the net sum to be paid in cash, certified check, or e-transfer. The Tenant/Buyer has given a non-refundable option consideration of $___________ for the purchase. Additional sums will be properly credited. COVENANTS OF TENANT/BUYER Commencing with and during the term of this Agreement, including extensions, the Tenant/Buyer hereby covenants and agrees as follows: That the Tenant/Buyer will pay all utility charges and bills, including, but not limited to, water, sewer, gas, oil, and electric, which may be assessed or charged against the property; That the Tenant/Buyer will not use the property for any unlawful purpose; and that the Tenant/Buyer will conform to and obey all laws, ordinances, rules, regulations, requirements and orders of all federal, state, and local governmental authorities, agencies, departments, bureaus, boards or officials, respecting the use of the property; and That the Tenant/Buyer will surrender and deliver the property at the end of the term or any extensions thereof, should the option herein not be exercised, in as good order and condition as the same now exists, reasonable use and natural wear and tear excepted. COVENANTS OF LANDLORD/SELLER Commencing with and during the term of this Agreement, including extensions, the Tenant/Buyer hereby covenants and agrees as follows: That the Landlord/Seller shall pay for and maintain fire and extended coverage insurance on said property. That the Tenant/Buyer shall peaceably and quietly hold, occupy, use and enjoy the property, without any let, hindrance by the Landlord/Seller or any person associated therewith. BREACH BY TENANT/BUYER If the Tenant/Buyer shall fail to keep and perform any of the covenants, agreements, or provisions of this Lease/Option, or if the Tenant/Buyer shall abandon the property, it shall be lawful for the Landlord/Seller to enter into said property and again have, repossess, and enjoy the same as if this Lease/Option had not been made, and thereupon, this Lease/Option and everything herein contained on the part of the Landlord/Seller to be done and performed shall cease, determine and be utterly void. The commencement of a proceeding or suit in forcible entry and detainer or in ejectment, or otherwise after any default by the Tenant/Buyer, shall be equivalent in every respect to actual entry by the Landlord/Seller. DEFAULT BY LANDLORD/SELLER (PAYMENTS) In the event the Landlord/Seller is delinquent on any payments required under this Agreement or pertinent to the above property, the Tenant/Buyer shall have the right to make such payments as necessary to cure said default on behalf of the Seller/Landlord. COSTS OF IMPROVEMENTS","Lease To Own Agreement","https://templates.business-in-a-box.com/imgs/1000px/lease-to-own-agreement-D12870.png","https://templates.business-in-a-box.com/imgs/250px/12870.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12870.xml",{"title":170,"description":6},"lease to own agreement",[172,175],{"label":173,"url":174},"Real Estate","real-estate-business",{"label":176,"url":177},"Business Checklists","business-checklists","letter intent","/template/letter-of-intent-D12870",false,{"seo":182,"reviewer":195,"legal_disclaimer":199,"quick_facts":200,"at_a_glance":202,"personas":206,"variants":231,"glossary":259,"clauses":296,"how_to_fill":347,"common_mistakes":388,"faqs":413,"industries":444,"comparisons":468,"diy_vs_lawyer":484,"jurisdictions":497,"related_template_ids_curated":518,"schema":530,"classification":531},{"meta_title":183,"meta_description":184,"primary_keyword":185,"secondary_keywords":186},"Power Purchase Agreement Template | Free Word Download","Free Power Purchase Agreement template for renewable energy developers and offtakers.","power purchase agreement template",[187,188,189,190,191,192,193,194],"ppa template","power purchase agreement template word","renewable energy ppa template","solar power purchase agreement template","corporate ppa template","energy offtake agreement template","power purchase agreement free download","ppa contract template",{"name":196,"credential":197,"reviewed_date":198},"Bruno Goulet","CEO, Business in a Box","2026-05-02",true,{"difficulty":201,"legal_review_recommended":199,"signature_required":199,"notarization_required":180},"advanced",{"what_it_is":203,"when_you_need_it":204,"whats_inside":205},"A Power Purchase Agreement (PPA) is a long-term contract between an electricity generator — typically a solar, wind, or hydro developer — and an offtaker such as a utility, corporate buyer, or energy aggregator. It locks in the price, volume, delivery point, and conditions under which generated electricity is sold and transferred. This free Word download gives developers and offtakers a structured, bankable starting point they can edit online and export as PDF for negotiation and execution.\n","Use it when a renewable energy project needs committed revenue to secure project financing, or when a corporate or utility buyer wants price certainty and verifiable green-energy credentials for a defined term. PPAs are typically negotiated before construction begins and run 10–25 years.\n","Contract term and commercial operation date, energy price structure (fixed, indexed, or escalating), delivery point and metering obligations, curtailment and deemed energy provisions, credit support and collateral, representations and warranties, force majeure, default and termination, and governing law with dispute resolution.\n",[207,211,215,219,223,227],{"title":208,"use_case":209,"icon_asset_id":210},"Renewable energy developers","Securing long-term offtake revenue to satisfy project finance lenders","persona-developer",{"title":212,"use_case":213,"icon_asset_id":214},"Corporate sustainability managers","Procuring renewable electricity to meet net-zero or RE100 commitments","persona-sustainability-manager",{"title":216,"use_case":217,"icon_asset_id":218},"Utilities and grid operators","Contracting generation capacity from independent power producers","persona-utility-manager",{"title":220,"use_case":221,"icon_asset_id":222},"Energy aggregators and traders","Pooling offtake contracts across multiple generation assets for resale","persona-energy-trader",{"title":224,"use_case":225,"icon_asset_id":226},"Real estate and industrial owners","Hosting on-site solar or wind under a behind-the-meter PPA arrangement","persona-property-owner",{"title":228,"use_case":229,"icon_asset_id":230},"Project finance attorneys","Drafting and negotiating bankable PPA terms on behalf of lenders or sponsors","persona-attorney",[232,236,240,244,248,252,256],{"situation":233,"recommended_template":234,"slug":235},"Utility-scale solar or wind project seeking project finance","Utility-Scale Power Purchase Agreement","power-purchase-agreement-D12873",{"situation":237,"recommended_template":238,"slug":239},"Corporate buyer procuring renewable electricity off-site","Corporate Virtual PPA (VPPA)","corporate-governance-policy-D13943",{"situation":241,"recommended_template":242,"slug":243},"Behind-the-meter rooftop solar on commercial or industrial property","On-Site Solar PPA","checklist-site-selection-D13623",{"situation":245,"recommended_template":246,"slug":247},"Community solar or shared renewable energy project","Community Solar Subscription Agreement","subscription-agreement-D12537",{"situation":249,"recommended_template":250,"slug":251},"Short-term tolling or capacity agreement pending long-term PPA","Electricity Tolling Agreement","non-profit-partnership-agreement-D14023",{"situation":253,"recommended_template":254,"slug":255},"Storage-paired project with both generation and dispatch obligations","Energy Storage Offtake Agreement","storage-agreement-D13457",{"situation":257,"recommended_template":258,"slug":251},"Green hydrogen offtake linked to dedicated renewable generation","Green Hydrogen Offtake Agreement",[260,263,266,269,272,275,278,281,284,287,290,293],{"term":261,"definition":262},"Offtaker","The buyer of electricity under a PPA — typically a utility, corporate entity, or aggregator obligated to purchase generated output.",{"term":264,"definition":265},"Commercial Operation Date (COD)","The date on which the generating facility is certified as fully commissioned and begins delivering electricity under the PPA.",{"term":267,"definition":268},"Contract Capacity","The maximum installed generating capacity (in MW or kW) covered by the PPA, used to calculate deemed energy and curtailment provisions.",{"term":270,"definition":271},"Energy Price","The rate per megawatt-hour (MWh) the offtaker pays the generator — may be fixed, indexed to a market benchmark, or subject to annual escalation.",{"term":273,"definition":274},"Curtailment","A directive from the offtaker, grid operator, or system operator requiring the generator to reduce or stop output below available capacity.",{"term":276,"definition":277},"Deemed Energy","The notional volume of electricity the generator would have produced but for an offtaker-caused curtailment, for which the offtaker typically remains financially liable.",{"term":279,"definition":280},"Delivery Point","The physical or metering location — typically a grid interconnection point or busbar — where title and risk in the electricity transfer from generator to offtaker.",{"term":282,"definition":283},"Renewable Energy Certificate (REC)","A tradeable instrument representing the environmental attributes of one MWh of renewable generation, whose ownership and transfer are typically addressed in the PPA.",{"term":285,"definition":286},"Credit Support","Collateral — such as a letter of credit, parent guarantee, or cash deposit — posted by one or both parties to backstop payment or performance obligations.",{"term":288,"definition":289},"Indexed Price","An energy price formula tied to a published market index (e.g., day-ahead LMP at a named hub), so the contract price moves with wholesale market prices.",{"term":291,"definition":292},"Force Majeure","An event beyond a party's reasonable control — storm, flood, grid failure, or government action — that excuses non-performance for its duration.",{"term":294,"definition":295},"Interconnection Agreement","A separate agreement with the transmission or distribution system operator governing the technical and commercial terms for connecting the generating facility to the grid.",[297,302,307,312,317,322,327,332,337,342],{"name":298,"plain_english":299,"sample_language":300,"common_mistake":301},"Parties, recitals, and defined terms","Identifies the generator and offtaker as legal entities, states the purpose of the agreement, and defines every capitalized term used throughout the contract.","This Power Purchase Agreement is entered into as of [DATE] between [GENERATOR LEGAL NAME], a [STATE/JURISDICTION] [ENTITY TYPE] ('Generator'), and [OFFTAKER LEGAL NAME], a [STATE/JURISDICTION] [ENTITY TYPE] ('Offtaker'). Capitalized terms have the meanings set out in Schedule 1.","Using trade names instead of registered legal entity names. If the contracting entity does not match the project company holding the generation license or interconnection agreement, lenders may reject the PPA as unbankable.",{"name":303,"plain_english":304,"sample_language":305,"common_mistake":306},"Term, commercial operation date, and conditions precedent","Sets the contract start and end date, defines the commercial operation date milestone, and lists the conditions — permits, interconnection approval, financing close — that must be met before the delivery obligation activates.","The Agreement commences on [EXECUTION DATE] and expires [20] years after the Commercial Operation Date ('COD'). COD shall occur no later than [LONGSTOP DATE]. Conditions Precedent to delivery obligations are set out in Schedule 2 and include: (a) receipt of all required permits; (b) execution of the Interconnection Agreement; (c) financial close of project financing.","No longstop date on COD. Without one, the offtaker is indefinitely exposed to a project that never reaches commercial operation — a position project finance lenders and utilities consistently reject.",{"name":308,"plain_english":309,"sample_language":310,"common_mistake":311},"Energy price, escalation, and payment","States the price per MWh — fixed, indexed, or escalating — the payment calculation methodology, invoicing frequency, and the due date for payments.","Offtaker shall pay Generator [$XX.XX] per MWh of Delivered Energy ('Contract Price'), subject to an annual escalation of [X]% per year commencing on the first anniversary of COD. Invoices shall be issued monthly within [5] Business Days of month-end. Payment is due [30] days after invoice receipt.","Omitting an escalation mechanism entirely on a 20-year fixed price. Inflation over a 20-year term can erode the generator's economics to the point of project distress — which then triggers termination provisions that expose the offtaker to replacement cost risk.",{"name":313,"plain_english":314,"sample_language":315,"common_mistake":316},"Delivery obligation, metering, and volume","Defines how electricity volume is measured, who owns and maintains the meters, the settlement methodology for imbalances, and whether the generator has a firm or as-available delivery obligation.","Generator shall deliver all Net Electrical Output from the Facility to the Delivery Point on an as-available basis. Metering shall be performed by [METER OWNER] using revenue-grade meters meeting [STANDARD]. Monthly settlement shall be based on meter data subject to a [30]-day dispute window.","Defining delivery as 'firm' for a variable renewable asset with no storage. Firm delivery from an intermittent source requires backup procurement or storage — without that, the generator faces perpetual shortfall penalties it cannot operationally avoid.",{"name":318,"plain_english":319,"sample_language":320,"common_mistake":321},"Curtailment and deemed energy","Addresses who can order a reduction in output, under what circumstances, and whether the offtaker owes payment for curtailed energy that the generator was ready and able to produce.","Offtaker may curtail generation by written notice for grid or system reasons. For any Offtaker-instructed curtailment, Offtaker shall pay Generator the Contract Price for Deemed Energy equal to the P50 forecast output for the curtailed period as certified by [INDEPENDENT ENGINEER].","Allowing unlimited offtaker curtailment without deemed energy payment. Lenders stress-test revenue against curtailment scenarios — unlimited free curtailment rights make a project unfinanceable by eliminating revenue certainty.",{"name":323,"plain_english":324,"sample_language":325,"common_mistake":326},"Renewable energy certificates and environmental attributes","Allocates ownership of RECs or equivalent green certificates generated by the facility and confirms that environmental claims (e.g., carbon-free energy matching) belong to the party receiving the certificates.","All Renewable Energy Certificates and Environmental Attributes associated with Delivered Energy shall transfer to Offtaker at the Delivery Point simultaneously with title to the electricity. Generator shall not make any public renewable energy claims with respect to energy sold under this Agreement.","Failing to address REC ownership at all. When REC ownership is ambiguous, the offtaker cannot make verified renewable energy claims for sustainability reporting, and the generator may inadvertently double-count the same attributes.",{"name":328,"plain_english":329,"sample_language":330,"common_mistake":331},"Credit support and collateral","Requires one or both parties to post collateral — typically a letter of credit, parent company guarantee, or cash deposit — sized to cover a defined number of months of payment or performance exposure.","Offtaker shall deliver to Generator, on or before the date [30] days prior to COD, a Letter of Credit from a Qualifying Financial Institution in the amount equal to [6] months of estimated Contract Payments at P50 generation. Generator shall maintain the Letter of Credit in full force throughout the Agreement Term.","Accepting a parent guarantee from an entity with no audited financials or unrated credit. Lenders require credit support from a counterparty whose financial strength can actually be verified — an unrated subsidiary guarantee provides no bankable security.",{"name":333,"plain_english":334,"sample_language":335,"common_mistake":336},"Force majeure","Defines events beyond a party's reasonable control that excuse performance, states the notice and mitigation obligations, and limits the duration for which force majeure can suspend obligations before either party may terminate.","Neither party shall be in default for failure to perform caused by a Force Majeure Event, provided that: (a) the affected party gives written notice within [5] Business Days of the event's occurrence; (b) the affected party uses commercially reasonable efforts to mitigate and restore performance; and (c) if Force Majeure persists beyond [18] months, either party may terminate on [30] days' written notice.","Including grid curtailment or market price changes as force majeure events. These are foreseeable commercial risks that should be addressed in the curtailment and price clauses — elevating them to force majeure eliminates the compensation mechanism and creates an uninsurable gap.",{"name":338,"plain_english":339,"sample_language":340,"common_mistake":341},"Default, remedies, and termination","Lists events of default for each party, cure periods, and the remedies available to the non-defaulting party — including termination and a liquidated-damages calculation for early contract exit.","Events of Default include: (a) failure to pay undisputed amounts within [10] Business Days of the due date; (b) insolvency or bankruptcy; (c) failure to achieve COD by the Longstop Date. Upon an Event of Default, the non-defaulting party may terminate by [30] days' written notice and recover a Termination Payment equal to the present value of the remaining Contract Payments discounted at [X]%.","No termination payment formula for generator default. Without one, the offtaker's only remedy is cover damages — replacing a 20-year contract in a changed market — which are speculative and expensive to prove in litigation.",{"name":343,"plain_english":344,"sample_language":345,"common_mistake":346},"Governing law, dispute resolution, and jurisdiction","Specifies the applicable law, the dispute resolution process (negotiation, mediation, then arbitration or court), the seat and rules for arbitration, and whether interim injunctive relief is preserved.","This Agreement is governed by the laws of [STATE / JURISDICTION]. Disputes shall be resolved first by senior management negotiation for [20] Business Days, then by binding arbitration under [AAA / ICC / LCIA] rules, seated in [CITY]. Either party may seek interim injunctive relief in any court of competent jurisdiction without waiving arbitration.","Choosing a governing law with no nexus to the project location or the parties' home jurisdictions. Energy regulatory requirements are jurisdiction-specific — a governing law that conflicts with the site's local electricity law creates unresolvable ambiguity on issues like interconnection disputes and curtailment obligations.",[348,353,358,363,368,373,378,383],{"step":349,"title":350,"description":351,"tip":352},1,"Identify the parties using full legal entity names","Enter the generator's project company name exactly as registered — this is typically a special-purpose vehicle (SPV), not the parent developer. Enter the offtaker's full legal name and confirm it matches the entity with authority to purchase electricity in the relevant jurisdiction.","Confirm both entity names against the project's interconnection agreement and the offtaker's most recent audited financials before drafting — mismatches flag immediately in lender due diligence.",{"step":354,"title":355,"description":356,"tip":357},2,"Set the contract term and longstop date","Enter the intended PPA term (typically 15–25 years from COD), the target COD date, and a longstop date no more than 24 months after target COD. The longstop date gives both parties a defined exit if construction stalls without triggering open-ended liability.","Align the longstop date with the project's construction financing maturity date — lenders will require it to match.",{"step":359,"title":360,"description":361,"tip":362},3,"Define the energy price and escalation mechanism","Choose fixed, indexed, or escalating pricing. For fixed: enter the $/MWh rate and annual escalation percentage. For indexed: name the market benchmark (e.g., CAISO day-ahead LMP at [HUB NAME]) and the floor/cap range. Confirm the pricing methodology matches the financial model used to underwrite the project.","For corporate buyers with long-term sustainability targets, a fixed price with a modest escalator (1–2% per year) is typically preferred over a market-indexed price — it allows accurate carbon accounting and budget forecasting.",{"step":364,"title":365,"description":366,"tip":367},4,"Specify the delivery point and metering standard","Name the exact delivery point — the interconnection busbar or grid node where title transfers. Specify the metering standard (ANSI C12.20 Class 0.2 or equivalent) and which party owns, installs, and maintains the revenue meter and any backup check meter.","Include a right for the non-metering party to install a check meter at its own cost. This is standard practice and prevents metering disputes from escalating into formal proceedings.",{"step":369,"title":370,"description":371,"tip":372},5,"Draft curtailment rights and deemed energy payment","Limit offtaker-instructed curtailment to grid emergency or system constraint conditions. For each permitted curtailment scenario, specify whether deemed energy payment applies and how the P50 reference generation is calculated and certified.","Use an independent engineer's P50 forecast — not the generator's own — as the reference for deemed energy calculation. This is the standard lenders require and eliminates disputes over self-serving output estimates.",{"step":374,"title":375,"description":376,"tip":377},6,"Allocate REC ownership and sustainability reporting rights","State explicitly which party receives RECs or equivalent green certificates, and confirm that the right to make public renewable energy claims follows the certificates. If the offtaker is purchasing for RE100 or CDP reporting, confirm the certificate standard (e.g., I-REC, NAR, GO) required for their registry.","If the project is in a state with a renewable portfolio standard (RPS), confirm whether compliance RECs are included in the PPA price or priced separately — this distinction can be worth $5–$15/MWh.",{"step":379,"title":380,"description":381,"tip":382},7,"Size and structure credit support requirements","Calculate the credit support amount as a multiple of monthly payment exposure — 3 to 6 months is market standard for investment-grade offtakers; 6 to 12 months for non-investment-grade or unrated buyers. Specify acceptable credit support instruments and the financial institution minimum rating (typically A- or better).","Include an automatic replenishment obligation: if the credit support provider's rating falls below the floor, the offtaker must replace or top up the instrument within 10 business days.",{"step":384,"title":385,"description":386,"tip":387},8,"Have an energy lawyer review before execution","PPAs are long-term, project-finance-grade contracts. Have a lawyer with energy regulatory experience review the final draft for jurisdiction-specific compliance — interconnection rules, RPS eligibility, FERC authorization requirements, and local electricity law.","Lenders conducting project finance due diligence will require a legal opinion confirming PPA enforceability. Engaging counsel early reduces the chance of material revisions at financial close.",[389,393,397,401,405,409],{"mistake":390,"why_it_matters":391,"fix":392},"No longstop date on the commercial operation date","Without a longstop date, the offtaker is indefinitely bound to a contract for a project that may never be built, with no exit mechanism other than a costly breach claim.","Set a longstop date 18–24 months after target COD. If the project misses it, either party may terminate, and the PPA should specify whether any break fee applies.",{"mistake":394,"why_it_matters":395,"fix":396},"Allowing unlimited offtaker curtailment without deemed energy payment","Lenders model revenue against curtailment scenarios when underwriting project debt — unlimited free curtailment rights remove the revenue certainty that makes debt service possible.","Cap offtaker-instructed curtailment at a defined annual percentage of contract capacity (e.g., 10%), and require deemed energy payment at the contract price for any curtailment exceeding that cap or caused by offtaker-side reasons.",{"mistake":398,"why_it_matters":399,"fix":400},"Ambiguous or missing REC ownership provisions","If REC ownership is not explicitly assigned, the offtaker cannot make verifiable renewable energy claims for ESG reporting, and the generator risks making conflicting claims that violate applicable tracking registry rules.","State explicitly in the contract that all RECs and environmental attributes transfer to the offtaker simultaneously with delivery of electricity, and prohibit the generator from any public renewable energy claim on energy sold under the PPA.",{"mistake":402,"why_it_matters":403,"fix":404},"Accepting unrated or financially unverified credit support","A parent guarantee from a private entity with no audited financials provides no bankable security — lenders will require replacement credit support at financial close, potentially causing delay or deal failure.","Require credit support from a financial institution rated at least A- by S&P or Moody's, or from a publicly rated corporate entity with audited financials. Include a ratings-trigger replacement obligation in the credit support annex.",{"mistake":406,"why_it_matters":407,"fix":408},"Including market price volatility as a force majeure event","Market price changes are foreseeable commercial risks, not force majeure events. Listing them as such eliminates the price certainty that is the primary reason either party enters a long-term PPA.","Limit force majeure to physical events outside either party's control — storms, floods, grid outages, or government emergency orders — and address pricing risk separately through the indexed-price or floor/cap mechanism.",{"mistake":410,"why_it_matters":411,"fix":412},"Governing law with no nexus to the project jurisdiction","Energy regulation is jurisdiction-specific. A PPA governed by a law that conflicts with local electricity rules on interconnection, dispatch priority, or RPS compliance creates ambiguity that can void key provisions.","Use the governing law of the state or country where the project is located and the electricity is delivered, unless both parties agree on a neutral arbitration seat with energy law expertise.",[414,417,420,423,426,429,432,435,438,441],{"question":415,"answer":416},"What is a Power Purchase Agreement (PPA)?","A Power Purchase Agreement is a long-term contract between an electricity generator and an offtaker that defines the price, volume, and conditions under which generated electricity is bought and sold. PPAs are the foundational commercial document for renewable energy projects — they provide the revenue certainty that allows developers to raise project finance and give buyers price stability and verifiable green-energy credentials for sustainability reporting.\n",{"question":418,"answer":419},"How long does a typical PPA last?","Most utility-scale renewable energy PPAs run 15 to 25 years, calibrated to match the useful life of the generating asset and the tenor of the project debt. Corporate PPAs tend to be shorter — 10 to 15 years — to align with corporate planning horizons and budget cycles. Behind-the-meter and community solar agreements typically run 10 to 20 years depending on the host's lease term.\n",{"question":421,"answer":422},"What is the difference between a physical PPA and a virtual PPA?","A physical PPA involves actual delivery of electricity from the generator to the offtaker at a defined delivery point — the buyer receives the power and the associated renewable attributes. A virtual PPA (VPPA) is a financial contract: the generator sells power into the wholesale market, and the parties settle the difference between the contract price and the market price. VPPAs are common for corporate buyers who are not in the same grid region as the generating asset. Both transfer RECs to the buyer.\n",{"question":424,"answer":425},"What price structures are used in PPAs?","The three main structures are fixed price, indexed price, and escalating fixed price. A fixed price provides revenue certainty for the generator and cost certainty for the buyer. An indexed price ties payments to a published market benchmark such as the day-ahead LMP at a named hub, exposing both parties to market movements. An escalating fixed price starts at a defined rate and increases by a fixed percentage annually, balancing predictability with inflation protection. Many PPAs combine a fixed floor with a market-linked upside.\n",{"question":427,"answer":428},"What are RECs and who owns them under a PPA?","Renewable Energy Certificates — also called RECs in North America, Guarantees of Origin (GOs) in Europe, or I-RECs internationally — are tradeable instruments that represent the environmental attributes of one MWh of renewable generation. Ownership of RECs determines who can make verified renewable energy claims for ESG reporting, RE100 commitments, or regulatory compliance. Most PPAs assign RECs to the offtaker simultaneously with delivery of electricity, but this must be stated explicitly — ambiguity creates double-counting risk.\n",{"question":430,"answer":431},"What is deemed energy in a PPA?","Deemed energy is the notional volume of electricity a generator would have produced but was prevented from producing by an offtaker-instructed curtailment or an offtaker-caused grid constraint. In most bankable PPAs, the offtaker owes payment at the contract price for deemed energy, even though no electricity was actually delivered. This provision protects the generator's revenue and is a prerequisite for project lenders who model debt service against curtailment scenarios.\n",{"question":433,"answer":434},"What credit support does a PPA typically require?","Market practice for utility-scale PPAs is for the offtaker to post a letter of credit or parent guarantee sized at three to six months of estimated contract payments. For non-investment-grade or unrated offtakers, six to twelve months is more common. The credit support instrument must come from a financial institution or corporate parent rated at least A- by a major rating agency. Some PPAs also require the generator to post performance security during the construction period.\n",{"question":436,"answer":437},"Does a PPA need regulatory approval?","In the United States, utility-scale PPAs between independent power producers and utilities may require FERC authorization under the Federal Power Act, and state public utility commissions often have review rights. In Canada, provincial energy boards typically oversee utility PPAs. In the EU, electricity market regulations and state aid rules can apply to government-backed offtakers. Behind-the-meter and corporate PPAs generally face lighter regulatory requirements but should be reviewed for local licensing and retail supply rules.\n",{"question":439,"answer":440},"What happens if the generator misses the commercial operation date?","If the generator misses the target COD, most PPAs allow a grace period — typically three to six months — before the offtaker's delay remedies activate. If the longstop date is reached without COD, the offtaker may terminate the agreement and recover any posted credit support or agreed break fee. Developers typically manage COD risk through liquidated damages provisions in the engineering, procurement, and construction (EPC) contract, which are sized to cover PPA delay damages.\n",{"question":442,"answer":443},"Do I need a lawyer to draft a PPA?","Yes, for any project-financed or utility-scale PPA. These are complex, long-term contracts with significant financial exposure — lenders will require a legal opinion on enforceability, regulatory compliance, and lender step-in rights as a condition of financial close. A template provides a strong structural starting point and reduces drafting time, but review by an energy lawyer with jurisdiction-specific experience is essential before any PPA is executed. For small behind-the-meter or community solar arrangements, a lighter review may suffice.\n",[445,449,453,457,461,464],{"industry":446,"icon_asset_id":447,"specifics":448},"Renewable energy development","industry-renewable-energy","PPAs are the primary revenue contract for utility-scale solar, wind, and hydro projects and the document lenders require to advance construction financing.",{"industry":450,"icon_asset_id":451,"specifics":452},"Technology and data centers","industry-saas","Hyperscalers and large data center operators use corporate PPAs and VPPAs to match 24/7 carbon-free energy consumption against clean generation assets.",{"industry":454,"icon_asset_id":455,"specifics":456},"Manufacturing and industrial","industry-manufacturing","Energy-intensive manufacturers use long-term PPAs to hedge electricity price volatility and meet Scope 2 emissions reduction targets under CDP or SBTi frameworks.",{"industry":458,"icon_asset_id":459,"specifics":460},"Real estate and commercial property","industry-real-estate","Commercial landlords and REITs use behind-the-meter solar PPAs to reduce building operating costs and meet green building certification requirements without capital outlay.",{"industry":216,"icon_asset_id":462,"specifics":463},"industry-utility","Regulated utilities execute PPAs with independent power producers to satisfy renewable portfolio standards and integrated resource plan commitments.",{"industry":465,"icon_asset_id":466,"specifics":467},"Financial services and infrastructure funds","industry-fintech","Infrastructure investors and green bonds rely on contracted PPA revenue as the basis for project valuation, debt sizing, and yield distribution to fund investors.",[469,473,476,480],{"vs":470,"vs_template_id":471,"summary":472},"Energy Supply Agreement","D{ENERGY_SUPPLY_AGREEMENT_ID}","An energy supply agreement covers the procurement of electricity from a retailer or supplier at a market-linked or fixed tariff, typically for 1–3 years. A PPA is a long-term generation-level contract that transfers price risk and environmental attributes directly from a specific generating facility to the buyer. PPAs are used when the buyer wants REC ownership, price certainty, and a direct relationship with a named renewable asset — not just a green tariff from a retailer.",{"vs":294,"vs_template_id":474,"summary":475},"D{INTERCONNECTION_AGREEMENT_ID}","An interconnection agreement governs the technical and commercial terms for connecting the generating facility to the transmission or distribution grid — it is a contract between the developer and the system operator, not the offtaker. A PPA is the commercial offtake contract between generator and buyer. Both are required for a project to operate; the PPA does not substitute for interconnection rights.",{"vs":477,"vs_template_id":478,"summary":479},"Engineering, Procurement and Construction (EPC) Contract","D{EPC_CONTRACT_ID}","An EPC contract governs the design, procurement, and construction of the generating facility between the developer and a contractor. A PPA governs the sale of electricity once the facility is built. Lenders review both documents together — the EPC contract backstops construction risk, while the PPA backstops revenue risk. They serve complementary roles in project finance.",{"vs":481,"vs_template_id":482,"summary":483},"Lease Agreement (Solar Roof Lease)","commercial-lease-agreement-D12792","A solar roof lease transfers use of a property's roof to a developer in exchange for rent, with the developer selling electricity separately. A behind-the-meter solar PPA keeps the property owner as the electricity buyer — the developer installs and owns the panels, and the owner purchases the generated electricity at a contracted rate. The PPA gives the property owner direct savings on electricity bills; the lease gives the owner passive rent income instead.",{"use_template":485,"template_plus_review":489,"custom_drafted":493},{"best_for":486,"cost":487,"time":488},"Small behind-the-meter or community solar arrangements where no project financing is involved","Free","2–4 hours to complete",{"best_for":490,"cost":491,"time":492},"Mid-size corporate PPAs or VPPAs where the buyer is investment-grade and no lender step-in rights are required","$2,000–$8,000 for energy counsel review and negotiation support","2–6 weeks",{"best_for":494,"cost":495,"time":496},"Utility-scale project-financed PPAs, lender-required bankable contracts, or cross-border energy transactions","$15,000–$75,000+ depending on project size, jurisdiction, and negotiation complexity","2–6 months",[498,503,508,513],{"code":499,"name":500,"flag_asset_id":501,"note":502},"us","United States","flag-us","Utility-scale PPAs between independent power producers and utilities may require FERC authorization as a qualifying facility under PURPA or market-based rate authority under the Federal Power Act. State public utility commissions retain approval rights over utility resource plans and long-term procurement in most states. Non-compete enforcement of curtailment rights varies by ISO/RTO market rules — CAISO, PJM, MISO, and ERCOT each have distinct dispatch and curtailment protocols that must be reflected in the delivery and curtailment clauses.",{"code":504,"name":505,"flag_asset_id":506,"note":507},"ca","Canada","flag-ca","Electricity regulation in Canada is primarily provincial — Ontario's IESO, Alberta's AESO, and BC Hydro each operate under distinct market structures and procurement frameworks. Federal jurisdiction applies only to inter-provincial and international transmission. Quebec PPAs for provincially-regulated utilities must comply with Hydro-Québec's standard contract terms. Provincial REC or attribute tracking systems vary: NEPOOL GIS and M-RETS standards apply in eastern and western provinces respectively.",{"code":509,"name":510,"flag_asset_id":511,"note":512},"uk","United Kingdom","flag-uk","UK PPAs are subject to Ofgem oversight and must be consistent with the Contracts for Difference (CfD) scheme framework for government-supported renewables. Corporate PPAs and sleeved PPAs are increasingly common as CfD support steps down for mature technologies. Balancing and Settlement Code (BSC) obligations apply to generators and suppliers, and any PPA must address Renewable Obligation Certificate (ROC) or REGO allocation clearly, as these are the UK equivalents of RECs for corporate sustainability claims post-Brexit.",{"code":514,"name":515,"flag_asset_id":516,"note":517},"eu","European Union","flag-eu","The EU Renewable Energy Directive (RED III) and the internal electricity market regulation shape the framework for corporate PPAs and renewable auctions across member states. Guarantees of Origin (GOs) are the EU-standard instrument equivalent to RECs, and their issuance and transfer are governed by the AIB (Association of Issuing Bodies) framework. State aid rules restrict the terms on which governments or state-owned offtakers can enter long-term PPAs. Cross-border PPAs face additional complexity from national grid access rules and varying balancing responsibility regimes.",[482,519,520,521,522,523,524,525,526,527,528,529],"non-disclosure-agreement-nda-D12692","independent-contractor-agreement-D160","joint-venture-agreement-D12782","service-agreement-D12711","letter-of-intent-D12870","memorandum-of-understanding-D12686","partnership-agreement-D12756","investment-agreement-D12790","project-management-plan-D12801","financial-projections_12-months-D360","risk-management-plan-D12803",{"emit_how_to":199,"emit_defined_term":199},{"primary_folder":113,"secondary_folder":532,"document_type":533,"industry":534,"business_stage":535,"tags":536,"confidence":541},"manufacturing-and-supply","agreement","energy","all-stages",[534,537,538,539,540],"contract","power-purchase-agreement","electricity","long-term-contract",0.85,"\u003Ch2>What is a Power Purchase Agreement?\u003C/h2>\n\u003Cp>A \u003Cstrong>Power Purchase Agreement (PPA)\u003C/strong> is a long-term contract between an electricity generator — typically a renewable energy developer operating a solar, wind, or hydroelectric facility — and an offtaker such as a utility, corporate buyer, or energy aggregator. It defines the price, volume, delivery point, and conditions under which generated electricity is purchased over a term that typically spans 15 to 25 years. Beyond setting commercial terms, a PPA is the foundational revenue contract that makes project financing possible: lenders advance construction debt only when a creditworthy offtaker has committed to purchase the project's output at a known price for a term long enough to service the debt. Without a signed PPA, most utility-scale renewable energy projects cannot reach financial close.\u003C/p>\n\u003Ch2>Why You Need This Document\u003C/h2>\n\u003Cp>For generators, operating without a signed PPA means selling electricity into a volatile spot market with no revenue floor — exposing lenders, equity investors, and the project company itself to price swings that can make debt service impossible. For offtakers, entering a generation relationship without a PPA leaves price, volume, REC ownership, and curtailment rights undefined, creating disputes that typically surface at the worst moment: a grid emergency or a sustainability audit. The consequences of a poorly drafted PPA are equally severe: an ambiguous curtailment clause can eliminate the revenue certainty a lender requires; a missing REC provision can void a corporate buyer's RE100 or CDP claim after years of reporting; an undefined longstop date can lock an offtaker into a 20-year contract for a project that is never built. This template gives developers and offtakers a structured, bankable starting point that reflects market-standard terms across pricing, curtailment, credit support, and termination — reducing drafting time and the risk of missing provisions that experienced energy counsel and project lenders will require.\u003C/p>\n",1779808909131]