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Power Purchase Agreement

Draft Power Purchase Agreements in Minutes, Not Hours

14 minutes with CaseMark

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Upload your documents and get a finished work product in minutes. New accounts get $5 free to run their first skill.

14 minutes with CaseMark

What you'll need

  • Deal Term Sheet
  • Project Description
  • Party Information

SOC 2 Type II · HIPAA compliant · $5 free credit

Workflow

Overview

CaseMark's Power Purchase Agreement skill uses AI to draft commercially balanced, regulation-aware PPAs between generators and offtakers across U.S. energy markets. The tool produces comprehensive agreements covering delivery, pricing, metering, performance guarantees, environmental attributes, credit support, defaults, and remedies — all structured to meet the expectations of energy counsel, project developers, and financing parties.

Drafting a power purchase agreement from scratch is one of the most time-intensive tasks in energy law, often requiring 40–80 hours of attorney time to produce a first draft. The complexity of pricing structures, environmental attribute provisions, performance guarantees, and lender requirements means that even experienced practitioners must carefully coordinate dozens of interdependent provisions across lengthy documents.

CaseMark's AI-powered PPA drafting skill transforms this process by generating comprehensive, commercially balanced first drafts in minutes. By analyzing your deal terms, project specifications, and party information, CaseMark produces a complete agreement with all 16 core sections and supporting exhibits, allowing attorneys to focus their expertise on negotiation and customization rather than initial drafting.

How it works

  1. 1. Upload your deal term sheet, project details, and party information

  2. 2. AI analyzes commercial terms and generates a full PPA draft with all 16 sections

  3. 3. Review and customize pricing, risk allocation, REC provisions, and credit support

  4. 4. Export the finalized agreement in your preferred format (DOCX, PDF)

What you get

  • Parties and Recitals

  • Definitions and Interpretation

  • Term and Conditions Precedent

  • Sale, Purchase, Delivery, and Scheduling

  • Pricing, Invoicing, and Taxes

  • Metering, Measurement, and Data

  • Environmental Attributes and REC Provisions

  • Representations, Warranties, and Covenants

  • Performance Standards and Liquidated Damages

  • Events of Default and Remedies

  • Force Majeure

  • Insurance and Credit Support

  • Termination and Consequences

  • Dispute Resolution and Governing Law

  • Miscellaneous Provisions

  • Exhibits A–E

What it handles

  • Comprehensive PPA structure with 16 core sections and exhibits

  • Automated pricing, escalator, and invoicing provisions

  • REC and carbon attribute ownership and transfer mechanics

  • Performance guarantees with liquidated damages frameworks

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

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

Required documents

  • Deal Term Sheet

    Summary of agreed commercial terms including pricing, term length, delivery point, and key risk allocations

    .pdf, .docx, .xlsx

  • Project Description

    Facility details including technology type, location, nameplate capacity, interconnection status, and COD targets

    .pdf, .docx

  • Party Information

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

    .pdf, .docx

Supporting documents

  • Interconnection Agreement

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

    .pdf, .docx

  • Lender Term Sheet

    Project finance term sheet outlining lender requirements for step-in rights, consent provisions, and collateral assignments

    .pdf, .docx

  • Prior PPA Template

    Any existing PPA template or precedent agreement to inform style and structural preferences

    .pdf, .docx

Why teams use it

Reduce PPA drafting time from days to minutes with AI-generated first drafts covering all critical provisions

Ensure consistent treatment of complex provisions like curtailment allocation, change-in-law, and force majeure across your deal portfolio

Automatically incorporate project finance provisions including lender step-in rights and collateral assignment language

Generate tailored REC and carbon attribute provisions aligned with applicable certification standards and market requirements

Questions

What types of power purchase agreements can CaseMark draft?

CaseMark drafts U.S. power purchase agreements for a wide range of renewable and conventional 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 provisions.

Does the PPA include REC and carbon attribute provisions?

Yes. CaseMark automatically drafts comprehensive environmental attribute sections covering REC ownership, transfer mechanics, certification requirements, and carbon credit allocation. These provisions 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-friendly provisions such as step-in rights, consent requirements, assignment restrictions, and collateral assignment language. These are standard for project-financed renewable energy transactions and can be customized to your financing structure.

How does CaseMark handle pricing and escalation structures?

CaseMark supports fixed-price, indexed, time-of-delivery, and hybrid pricing models with configurable escalation mechanisms. The AI drafts detailed invoicing, payment cycle, and tax allocation provisions based on the commercial terms you provide.

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 energy regulations. However, all output should be reviewed by qualified energy counsel to ensure compliance with the specific jurisdictions and markets involved.

How long does it take to generate a full PPA draft?

CaseMark typically generates a comprehensive PPA draft in approximately 12–15 minutes, compared to the days or weeks traditionally required. You can then review, customize, and finalize the agreement within your workflow.

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