Key Elements
I. Introduction
Purpose of the agreement
Parties involved in the agreement
Effective date of the agreement
II. Description of the Wind Energy Project
Location of the project
Capacity of the project
Description of the technology used
Project timeline
III. Power Purchase Terms
Quantity of energy to be purchased
Price of energy
Payment terms
Performance guarantees
IV. Operation and Maintenance
Responsibilities of the parties for operation and maintenance
Inspection and maintenance schedule
Insurance requirements
V. Interconnection
Responsibilities of the parties for interconnection to the grid
Costs associated with interconnection
VI. Regulatory Compliance
Compliance with state and federal laws and regulations
Compliance with environmental and safety standards
VII. Dispute Resolution
Procedures for resolving disputes between the parties
VIII. Termination
Circumstances under which the agreement may be terminated
Consequences of termination
IX. Miscellaneous Provisions
Representations and warranties of the parties
Force majeure
Assignment and delegation
Entire agreement
X. Signatories
Signature lines for the parties involved in the agreement.