ISDA publishes Financial Power Purchase Agreement (FPPA) template
Client(s) International Swaps and Derivatives Association, Inc. (ISDA)
Jones Day acted as counsel to the International Swaps and Derivatives Association (ISDA) in the drafting and publication of the ISDA Global Financial Power Purchase Agreement (FPPA) template to enable market participants to efficiently transact in FPPAs under the ISDA Master Agreement.
The ISDA FPPA Template is ISDA's answer to increasing calls from market participants for the standardization of documentation for FPPAs, as the global volume of FPPAs continues to expand to keep pace with the rapid growth of global electricity demand and in particular the demand for renewable energy.
The ISDA FPPA Template provides global standard product definitions and contract terms with a modular structure that allows for easy tailoring by users to address jurisdictional or entity-specific needs and to reflect new market practices or other relevant developments.
In connection with the publication of the ISDA FPPA Template, Jones Day prepared and released a Commentary and an Overview to provide further background and guide market participants in using the ISDA FPPA Template.
