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Energy Law

Power Purchase Agreement (PPA)

Drafting comprehensive Power Purchase Agreements manually requires extensive research across multiple regulatory sources, industry standards from organizations like NREL and EFET, and careful coordination of complex pricing mechanisms and compliance requirements. Energy attorneys spend 6-8 hours per PPA navigating technical definitions, force majeure clauses, and jurisdiction-specific regulations while ensuring alignment with World Bank and industry best practices.

Automation ROI

Time savings at a glance

Manual workflow16 hoursAverage time your team spends by hand
With CaseMark25 minutesDelivery time with CaseMark automation
EfficiencySave 32.5x time with CaseMark

The Problem

Power Purchase Agreements require extensive legal expertise, balancing complex commercial terms with strict regulatory compliance across 50+ essential clauses. Traditional PPA drafting takes 12-20 hours of attorney time, risking inconsistencies, missing industry-standard provisions, and costly delays in closing energy transactions.

The CaseMark Solution

CaseMark automates PPA creation by analyzing your project documents and applying current industry standards from NREL, EFET, and regulatory authorities. Generate complete, professionally structured agreements with balanced terms, regulatory compliance, and market-standard clauses in under 30 minutes.

Key benefits

How CaseMark automations transform your workflow

Generate complete 13-section PPAs in 12 minutes vs. 6+ hours manually

Automatic integration of industry-standard definitions from EFET, ISCC, and NREL guidelines

Built-in regulatory compliance with World Bank and jurisdiction-specific energy law requirements

Intelligent extraction of project details, party information, and pricing terms from uploaded documents

Consistent inclusion of essential clauses: force majeure, metering standards, default remedies, and termination rights

What you'll receive

Parties
Recitals and Introduction
Definitions
Term and Conditions Precedent
Purchase Obligation
Pricing and Payment
Metering and Measurement
Representations and Warranties
Events of Default and Remedies
Force Majeure
Termination
Governing Law and Dispute Resolution
Miscellaneous

Document requirements

Required

  • Project Specifications
  • Party Information

Optional

  • Pricing Terms Sheet
  • Previous Agreements
  • Regulatory Requirements
  • Insurance Documentation

Perfect for

Energy Law Attorneys
Renewable Energy Developers
Corporate Counsel for Utilities
Project Finance Lawyers
In-House Legal Teams at Energy Companies
Regulatory Compliance Officers

Also useful for

This workflow is applicable across multiple practice areas and use cases

Corporate Finance85% relevant

Corporate finance teams structuring energy project financing need PPAs as foundational transaction documents to secure debt and equity funding for renewable energy projects.

PPAs are critical financial instruments that define revenue streams and risk allocation, making them essential for project finance structuring, due diligence, and investor presentations in energy sector transactions.

Loan And Financing82% relevant

Lenders and project finance lawyers require PPAs to evaluate creditworthiness and secure revenue streams when financing renewable energy projects and infrastructure development.

PPAs serve as collateral and revenue assurance for energy project financing, with pricing terms, payment obligations, and termination rights directly impacting loan covenants and security agreements.

M&A attorneys conducting due diligence on energy companies or renewable energy portfolios need to review and draft PPAs as key asset purchase agreements that transfer with project acquisitions.

PPAs represent long-term contractual obligations and revenue streams that significantly impact valuation and deal structure in energy sector M&A transactions, requiring careful review of assignment provisions and change of control clauses.

Private equity and VC firms investing in renewable energy startups and project developers require PPAs to assess revenue certainty and investment risk in portfolio companies.

PPAs provide the contractual foundation for revenue projections and exit valuations in energy sector investments, making them essential documents for investment committees and portfolio management.

Frequently asked questions

Q

What information do I need to provide to generate a Power Purchase Agreement?

A

You'll need basic project specifications including generation capacity, facility location, and technology type, plus legal entity information for both buyer and seller. CaseMark can work with term sheets, previous agreements, or correspondence to extract commercial terms. If you don't have complete pricing details, the system will generate market-standard placeholder provisions that you can customize.

Q

How does CaseMark ensure the PPA complies with current energy regulations?

A

CaseMark references authoritative sources including NREL guidelines, state energy regulatory requirements, and industry standards from EFET and IETA. The system incorporates jurisdiction-specific regulatory requirements based on facility location and automatically includes necessary provisions for renewable energy certificates, carbon attributes, and grid interconnection compliance. All generated agreements reflect current market practice and legal standards.

Q

Can the generated PPA be customized for different types of energy projects?

A

Yes, CaseMark adapts the agreement structure based on project type, whether baseload, intermittent renewable, or dispatchable generation. The system adjusts performance standards, capacity obligations, and curtailment provisions to match the specific technology and commercial arrangement. You can further customize any provision while maintaining the overall document structure and internal consistency.

Q

How comprehensive are the performance standards and default provisions?

A

The generated PPA includes detailed performance metrics with availability requirements, capacity factor targets, and energy delivery guarantees appropriate for your project type. Default provisions cover payment failures, material breaches, bankruptcy scenarios, and cross-defaults with comprehensive cure periods and remedies. Liquidated damages formulas are structured to represent genuine pre-estimates of loss rather than penalties, ensuring enforceability.

Q

What happens if I don't have all the commercial terms finalized?

A

CaseMark generates a complete agreement framework with market-standard placeholders for any missing commercial terms. You'll receive a fully structured document with industry-typical pricing mechanisms, payment terms, and performance standards that serve as negotiation starting points. This allows you to begin document review and negotiation immediately while finalizing commercial details.