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Power Purchase Agreement

Draft Power Purchase Agreements in Minutes, Not Hours

14 minutes with Para

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Para is an AI colleague for legal teams. Send it this work by email, Teams or Slack, and it hands back the finished document.

14 minutes with Para

What you'll need

  • Deal Term Sheet
  • Project Specifications
  • Party Information

Plans from $20 a month, with usage included.

Workflow

Overview

CaseMark's Power Purchase Agreement skill uses AI to draft comprehensive, commercially balanced PPAs between generators and offtakers. The tool covers every critical provision from delivery and pricing to environmental attributes, credit support, and default remedies, producing a regulation-aware agreement ready for negotiation.

Drafting power purchase agreements is one of the most complex tasks in energy law, requiring careful coordination of pricing mechanics, performance guarantees, environmental attribute transfers, credit support, and regulatory compliance. Manually assembling these agreements from scratch or precedent documents typically takes days of attorney time and creates risk of inconsistencies or missing provisions.

CaseMark's AI-powered PPA drafting skill transforms your deal terms and project specifications into a comprehensive, regulation-aware power purchase agreement in minutes. The tool ensures all critical provisions are addressed—from metering standards to lender step-in rights—producing a polished first draft that accelerates negotiations and reduces drafting errors.

How to hand this to Para

  1. 1. Send Para the files

    Email them, drop them in a Teams or Slack message, or upload them.

  2. 2. Para runs the Power Purchase Agreement skill

    It works from your files and checks its citations against the record.

  3. 3. The finished document comes back

    Para returns it where you asked, usually as a DOCX, and offers the next step.

Example request · email, Teams or Slack
Para, run the Power Purchase Agreement skill for the Garcia matter. I've attached the Deal Term Sheet, Project Specifications and Party Information. Send the finished draft back here as a DOCX.

What Para does

  1. 1. Upload your deal term sheet, project specifications, and party details
  2. 2. AI analyzes inputs and drafts a full PPA with all standard provisions
  3. 3. Review and customize pricing, performance, and risk allocation terms
  4. 4. Export the finalized agreement in your preferred format (DOCX, PDF)

What you get

  • Parties, Recitals, and Definitions

  • Term and Conditions Precedent

  • Sale, Purchase, Delivery, and Scheduling Provisions

  • Pricing, Invoicing, and Tax Provisions

  • Metering, Measurement, and Data Standards

  • Environmental Attributes and REC Transfer Mechanics

  • Representations, Warranties, and Covenants

  • Performance Standards and Liquidated Damages

  • Events of Default and Remedies

  • Force Majeure and Change-in-Law

  • Insurance and Credit Support

  • Termination and Dispute Resolution

  • Exhibits and Schedules

What it handles

  • Comprehensive PPA drafting with all standard commercial terms

  • Automated pricing, escalator, and invoicing provisions

  • Environmental attribute and REC transfer mechanics

  • Performance guarantees with liquidated damages framework

  • Credit support, insurance, and lender step-in provisions

  • Force majeure, change-in-law, and curtailment allocation clauses

Required documents

  • Deal Term Sheet

    Summary of key commercial terms including pricing, term length, capacity, and delivery point

    .pdf, .docx, .xlsx

  • Project Specifications

    Technical details including facility type, location, capacity, technology, and interconnection status

    .pdf, .docx

  • Party Information

    Legal names, jurisdictions, signatory authority, and credit details for generator and offtaker

    .pdf, .docx

Supporting documents

  • Lender Requirements

    Project finance lender term sheets or bankability requirements for step-in and consent provisions

    .pdf, .docx

  • Interconnection Agreement

    Existing or draft interconnection agreement with the relevant utility or ISO/RTO

    .pdf, .docx

  • Precedent PPA

    Prior PPA or template to inform preferred drafting style and clause structures

    .pdf, .docx

Why teams use it

Reduce PPA drafting time from days to minutes with AI-generated first drafts

Ensure comprehensive coverage of all standard commercial and risk allocation terms

Maintain consistency across multiple PPA transactions with standardized frameworks

Accelerate deal timelines by producing negotiation-ready agreements faster

Questions

What types of power purchase agreements can CaseMark draft?

CaseMark drafts U.S. power purchase agreements for a wide range of generation technologies including solar, wind, battery storage, and hybrid projects. The AI handles both physical and virtual (financial) PPA structures with appropriate delivery and settlement mechanics.

Does the PPA include environmental attribute and REC provisions?

Yes. CaseMark's AI generates detailed provisions covering REC ownership, transfer mechanics, certification requirements, and carbon attribute allocation. These sections are tailored based on the project type and applicable state or voluntary market standards.

Can the agreement accommodate project finance requirements?

Absolutely. CaseMark includes lender step-in rights, consent provisions, assignment mechanics, and other bankability features commonly required by project finance lenders. You can customize these based on your specific financing structure.

How does CaseMark handle curtailment and performance risk allocation?

The AI drafts curtailment allocation provisions, availability guarantees, performance standards, and corresponding liquidated damages frameworks. You can adjust the risk allocation between generator and offtaker based on your negotiated terms.

Is the output compliant with U.S. energy regulations?

CaseMark generates regulation-aware drafts that account for FERC requirements, ISO/RTO market rules, and state-level regulatory considerations. However, all output should be reviewed by qualified energy counsel for jurisdiction-specific compliance.

Can I modify the pricing structure and escalation mechanisms?

Yes. CaseMark supports fixed-price, indexed, time-of-delivery, and other pricing models with customizable escalation mechanisms. Simply specify your preferred pricing structure in the term sheet and the AI will draft the corresponding provisions.

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