Common Contracts
1 similar Power Purchase Agreement contracts
OFFSHORE WIND POWER PURCHASE AGREEMENTPower Purchase Agreement • December 23rd, 2024 • Maryland
This term sheet ("Term Sheet") describes the primary terms of a potential agreement to be entered into by and between ("Seller") and the State of Maryland Department of General Services ("Buyer"), (collectively, the "Parties") regarding the terms and conditions applicable to the sale and purchase of energy and associated environmental attributes (renewable energy credits “RECs”) from offshore wind generation facilities as described below. Except as otherwise specifically stated below, this Term Sheet is non-binding and does not constitute or give rise to any legally binding commitment (nor does it constitute an offer to enter into a legally binding commitment). This transaction remains subject to, and conditioned upon, the necessary approvals and execution of final definitive agreements by the Parties. Each Party shall bear its own expenses associated with the negotiation and/or execution of the definitive agreements.
