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Contract For Differences PPA
"I need a Contract for Differences PPA under Singapore law for a new 50MW solar facility in Jurong, with a 15-year term starting March 2025 and including specific provisions for carbon credit allocation and green certificates."
1. Parties: Identification of contracting parties, including details of generators, buyers, and any intermediaries
2. Background: Context of the agreement, including project details and parties' intentions
3. Definitions: Key terms used tHRoughout the agreement, including technical and market-specific terminology
4. Contract Structure: Framework of the CfD mechanism, including strike price and reference price definitions
5. Payment Calculations: Methodology for calculating difference payments and settlement processes
6. Term and Termination: Duration of agreement and circumstances for early termination
7. Metering and Reporting: Requirements for measuring and reporting electricity generation/consumption
8. Force Majeure: Events beyond parties' control and their implications
1. Renewable Energy Certificates: Provisions governing the handling and transfer of RECs for renewable energy projects
2. Carbon Credits: Terms relating to carbon credits and environmental attributes allocation and trading
3. Grid Connection: Specific requirements and obligations related to grid connection and infrastructure
1. Facility Description: Technical specifications and details of the generating facility
2. Pricing Schedule: Detailed strike price calculations and adjustment mechanisms
3. Operating Parameters: Technical operating requirements and performance standards
4. Metering Specifications: Detailed metering requirements and protocols
5. Settlement Procedures: Detailed payment calculation and settlement procedures
6. Form of Direct Agreement: Standard form for direct agreements with financiers
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