The Renewable Energy Agreement serves as a crucial legal framework for implementing renewable energy projects in Hong Kong's evolving energy market. This document is essential when establishing relationships between energy producers, purchasers, and relevant stakeholders for renewable energy generation and supply. It addresses Hong Kong's specific regulatory requirements, including compliance with the Electricity Ordinance, Environmental Impact Assessment Ordinance, and the Scheme of Control Agreements. The agreement typically covers project implementation, operational requirements, pricing structures, and risk allocation, while incorporating provisions for Hong Kong's Feed-in Tariff scheme and grid connection requirements. It's particularly relevant given Hong Kong's commitment to achieving carbon neutrality by 2050 and the increasing focus on renewable energy adoption in the region.
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1. Parties: Identification of the energy producer/supplier and the purchaser/offtaker, including their legal status and addresses
2. Background: Context of the agreement, including project overview and parties' intentions
3. Definitions and Interpretation: Detailed definitions of technical and legal terms used throughout the agreement
4. Term and Renewal: Duration of the agreement, commencement date, and renewal provisions
5. Energy Supply Obligations: Specifications of energy supply commitments, including quantity and quality requirements
6. Purchase Obligations: Obligations of the purchaser to accept and pay for the renewable energy
7. Price and Payment Terms: Pricing structure, payment mechanisms, and billing procedures
8. Metering and Reporting: Requirements for measuring energy production and consumption, reporting procedures
9. Grid Connection and Technical Requirements: Technical specifications for grid connection and compliance with Hong Kong electrical standards
10. Environmental Attributes: Ownership and treatment of renewable energy certificates and environmental benefits
11. Force Majeure: Provisions for unforeseeable circumstances preventing performance
12. Termination Rights: Conditions and procedures for early termination
13. Dispute Resolution: Procedures for resolving disputes under Hong Kong law
14. Governing Law and Jurisdiction: Specification of Hong Kong law as governing law and jurisdiction
1. Construction and Installation: Include when the agreement covers the installation phase of renewable energy facilities
2. Energy Storage: Include when battery or other storage systems are part of the agreement
3. Performance Guarantees: Include when specific performance levels are guaranteed by the supplier
4. Insurance Requirements: Include for larger installations or when specific insurance coverage is required
5. Land Use Rights: Include when the agreement involves land lease or use rights for installation
6. Interconnection Requirements: Include for projects requiring complex grid interconnection arrangements
7. Carbon Credits and Trading: Include when carbon credits or similar environmental commodities are involved
8. Community Benefits: Include when project involves community benefit schemes or local impact considerations
1. Technical Specifications: Detailed technical parameters of the renewable energy system
2. Pricing Schedule: Detailed pricing mechanisms, including any adjustments or escalation formulas
3. Performance Standards: Specific performance metrics and testing procedures
4. Metering Specifications: Technical requirements for metering equipment and procedures
5. Operating Procedures: Detailed procedures for day-to-day operation and maintenance
6. Form of Performance Security: Template for any required performance bonds or guarantees
7. Grid Connection Details: Technical specifications for grid connection and compliance requirements
8. Environmental Compliance Requirements: Details of environmental standards and compliance procedures
Authors
Relevant legal definitions
Clauses
Relevant Industries
Energy & Utilities
Renewable Energy
Infrastructure
Real Estate
Manufacturing
Technology
Financial Services
Construction
Environmental Services
Government & Public Sector
Relevant Teams
Legal
Operations
Sustainability
Facilities Management
Project Development
Commercial
Finance
Risk Management
Procurement
Environmental Compliance
Technical Services
Regulatory Affairs
Relevant Roles
Energy Manager
Sustainability Director
Chief Technical Officer
Facilities Manager
Project Developer
Legal Counsel
Environmental Compliance Officer
Commercial Director
Operations Manager
Risk Manager
Chief Financial Officer
Procurement Manager
Energy Trading Manager
Technical Consultant
Regulatory Affairs Director
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