Power Purchase Agreement (Commercial) review
A long-term contract under which a business or utility buys the output of a wind, solar or other generating facility. The checks read for the term and the date it starts, the price and how it changes, the delivery point, who gets the renewable energy credits, a commitment on output and the cost of curtailment, and credit support. The solar contract a household signs for its own roof has a type of its own.
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What it checks
The term, and the date it starts running
Warning · PPA-001
The price, and how it changes
Warning · PPA-002
The delivery point, and who bears losses before it
Warning · PPA-003
Who gets the renewable energy credits
Warning · PPA-004
A commitment on output, and what curtailment costs
Warning · PPA-005
Security for each party's performance
Warning · PPA-006
Every run also applies 113 general checks that belong to any agreement: structure, parties and signatures, defined terms, cross-references, dates, amounts, and one-sided terms.
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