TERM SHEET FOR RENEWABLE ENERGY PPAPower Purchase Agreement Term Sheet • January 24th, 2020 • California
TERM SHEET FOR ENERGY+STORAGE PPAPower Purchase Agreement Term Sheet • March 25th, 2021 • California
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
TERM SHEET FOR ENERGY+STORAGE PPAPower Purchase Agreement Term Sheet • January 24th, 2020 • California
TERM SHEET FOR RENEWABLE ENERGY PPAPower Purchase Agreement Term Sheet • March 12th, 2021 • California
MBCP-SVCE Joint RFP Exhibit B: Term Sheet Power Purchase Agreement Term SheetPower Purchase Agreement Term Sheet • April 23rd, 2021 • California
This term sheet (“Term Sheet”), dated [mm/dd/yyyy] (the “Effective Date”), includes the key commercial terms and conditions (“Proposed Transaction”) to be included in a power purchase agreement (“PPA”) to be negotiated between Seller and Buyers (as defined below) in connection with the 2020 Joint Request for Proposals (“RFP”). Negotiation of the PPA is subject to Seller’s selection for the RFP shortlist by Buyers, the terms and conditions of the RFP, timely execution of the Exclusive Negotiating Agreement (as defined below) and posting of the Shortlist Deposit (as defined in the Exclusive Negotiating Agreement). Until a definitive agreement is approved by MBCP’s & SVCE’s respective management and Boards of Directors, and signed and delivered, no party shall have any legal obligations, expressed or implied, or arising in any other manner, under this Term Sheet or Proposed Transaction.
