Power Purchase Agreements: Key Issues and Provisions | Practical Law
A Practice Note discussing power purchase agreements (PPAs) including the key laws and regulations that apply to PPAs and certain preliminary issues that developers, other project participants and their counsel should consider before entering into these agreements. This Note also discusses the key provisions of a typical PPA between an independent power producer and a utility, including the term of the agreement, the date on which electricity delivery will begin under the agreement, pricing, curtailment and liquidated damages.