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Third Party Solar Power Purchase Agreement
"I need a Third Party Solar Power Purchase Agreement for a 500kW rooftop solar installation on our manufacturing facility in Zurich, with commissioning planned for March 2025, including battery storage provisions and performance guarantees."
1. Parties: Identification of the solar power provider and the purchaser
2. Background: Context of the agreement and brief description of the project
3. Definitions and Interpretation: Definitions of key terms and interpretation rules
4. Term and Effectiveness: Duration of the agreement and conditions for effectiveness
5. Installation and Commissioning: Requirements and process for system installation
6. Sale and Purchase of Electricity: Core obligations regarding electricity supply and purchase
7. Price and Payment Terms: Pricing structure, billing, and payment conditions
8. Metering and Reporting: Requirements for measuring and reporting electricity production
9. Operation and Maintenance: Responsibilities for system operation and maintenance
10. Access Rights: Provider's access rights to the installation site
11. Representations and Warranties: Parties' representations and warranties
12. Force Majeure: Force majeure events and their consequences
13. Default and Termination: Events of default and termination rights
14. Liability and Indemnification: Allocation of risks and liability between parties
15. Insurance: Required insurance coverage
16. Assignment and Transfer: Rules for assignment and transfer of rights
17. Notices: Communication procedures between parties
18. Governing Law and Dispute Resolution: Applicable law and dispute resolution mechanisms
19. Miscellaneous: Standard boilerplate provisions
1. Construction and Installation Schedule: Used for new installations requiring specific timeline commitments
2. Grid Connection: Required when system connects to public grid and specific arrangements are needed
3. Environmental Attributes: Included when dealing with renewable energy certificates or carbon credits
4. Performance Guarantees: Used when specific output guarantees are provided
5. Battery Storage: Required when system includes energy storage components
6. Property Owner Consent: Needed when purchaser is not the property owner
7. Decommissioning: Important for installations requiring specific end-of-term removal provisions
8. Additional Services: Included when provider offers additional maintenance or monitoring services
1. Schedule 1 - System Technical Specifications: Detailed technical specifications of the solar installation
2. Schedule 2 - Pricing and Payment Terms: Detailed pricing structure, calculations, and adjustment mechanisms
3. Schedule 3 - Site Description and Layout: Details of installation location and system layout
4. Schedule 4 - Performance Standards: Expected system performance metrics and standards
5. Schedule 5 - Operation and Maintenance Procedures: Detailed maintenance requirements and procedures
6. Schedule 6 - Form of Direct Agreement: Standard form for direct agreements with financiers if required
7. Schedule 7 - Metering Specifications: Technical requirements for metering equipment
8. Schedule 8 - Insurance Requirements: Detailed insurance coverage requirements
9. Appendix A - Construction Timeline: Detailed installation and commissioning schedule
10. Appendix B - Contact Details: Key contact information for both parties
Authors
Applicable Law
Billing Period
Commercial Operation Date
Commissioning
Competent Authority
Connection Point
Delivery Point
Effective Date
Electricity
Environmental Attributes
EPC Contractor
Event of Default
Facility
Feed-in Tariff
Force Majeure Event
Good Industry Practice
Grid
Grid Operator
Installation Site
Interconnection Agreement
kWh
Lender
Maintenance Schedule
Metering Device
Metering Point
Minimum Annual Production
Operating Hours
Operating Parameters
Operation and Maintenance Contractor
Performance Guarantee
Performance Ratio
Permitted Use
PPA Price
Premises
Project
Property Owner
Prudent Operating Practice
Purchase Price
Qualified Personnel
Renewable Energy Certificates
Required Consents
Security Interest
Solar Energy System
Solar Panels
System Components
System Output
Term
Testing Period
Transfer Date
Term and Duration
Sale and Purchase
Price and Payment
Installation Rights
Property Access
Performance Standards
Technical Specifications
Metering
Grid Connection
Operation and Maintenance
Force Majeure
Representations and Warranties
Insurance
Liability and Indemnification
Assignment
Change in Law
Default and Termination
Dispute Resolution
Confidentiality
Environmental Compliance
Health and Safety
Intellectual Property
Regulatory Compliance
Security
Subcontracting
Testing and Commissioning
Title and Risk
Warranties
Governing Law
Energy & Utilities
Manufacturing
Real Estate
Retail
Healthcare
Education
Data Centers
Hospitality
Logistics
Agriculture
Industrial
Commercial Property
Legal
Procurement
Facilities Management
Operations
Finance
Risk Management
Sustainability
Engineering
Property Management
Compliance
Technical Services
Chief Financial Officer
Sustainability Director
Facility Manager
Energy Manager
Procurement Manager
Legal Counsel
Risk Manager
Operations Director
Technical Director
Chief Operating Officer
Environmental Compliance Manager
Contract Manager
Project Manager
Property Manager
Chief Technology Officer
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