Common Contracts
1 similar Power Purchase Agreement Term Sheet contracts
PCE 2024 RFP POWER PURCHASE AGREEMENT TERM SHEETPower Purchase Agreement Term Sheet • July 14th, 2024 • California
This term sheet (“Term Sheet”) is entered into between Peninsula Clean Energy Authority, a California joint powers authority (“PCE” or “Buyer”) and [INSERT SELLER NAME] (“Seller”), as of [mm/dd/yyyy] (the “Effective Date”). Buyer and Seller are each a “Party” and, collectively, the “Parties.” This Term Sheet includes the key commercial terms and conditions to be included in a proposed power purchase agreement (the “PPA”) for renewable energy and energy storage services (the “Proposed Transaction”) to be negotiated between Seller and Buyer. Negotiation of the PPA is subject to Seller’s shortlist selection by Buyer, timely execution of the Exclusive Negotiating Agreement (as defined below) and delivery of the Shortlist Deposit (as defined below) to Buyer. Until a definitive agreement is approved by PCE’s management and Board of Directors, and signed and delivered, no party shall have any legal obligations, expressed or implied, or arising in any other manner, to proceed with the Proposed
