The EFET-RE-Source template PPA contract is the first cross-country standard for Europe. By using this contract, companies can bring down transaction costs. Starting with a template contract also facilitates the negotiation process between the parties involved. Before its endorsement by the EFET Legal Committee, the standard corporate PPA had been reviewed by industry and a number of financial lenders, who confirmed its bankability.
The standard EFET-RE-Source template contract allows for both physical and financial PPAs with the proven ‘Election Sheet’ approach allowing for flexible tailoring of the PPA to the needs of the companies involved. The agreement has been translated from English into other EU languages to ease its uptake across Europe, and will be supported by legal opinions in key jurisdictions.