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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 California, with a 20-year term starting March 2025 and including battery storage provisions."
1. Parties: Identification of the Solar Provider and Host Customer
2. Background/Recitals: Context of the agreement, including facility location and purpose
3. Definitions: Key terms used throughout the agreement
4. System Installation: Terms regarding installation, timeline, and specifications
5. Purchase and Sale of Electricity: Core terms of electricity sale, including pricing and measurement
6. Term and Termination: Duration of agreement and termination conditions
7. Operating Requirements: System operation, maintenance, and performance guarantees
8. Access Rights: Provider's access rights to the installation site
9. Insurance and Liability: Required insurance coverage and liability allocation
1. Purchase Option: Terms for customer to purchase system at specified times during the agreement term
2. Environmental Attributes: Ownership and trading rights for Renewable Energy Credits (RECs) and other environmental attributes
3. Storage Systems: Additional terms for battery or other energy storage systems if included in the installation
1. Schedule A - System Description: Technical specifications of the solar system including equipment details and layout
2. Schedule B - Pricing Schedule: Detailed pricing terms, including rate structure and annual escalators
3. Schedule C - Site License: Terms and conditions for use of the installation site
4. Schedule D - Performance Guarantees: Detailed performance metrics, measurement methodology, and remedies
5. Schedule E - Form of Notice: Required notice formats and contact information for all parties
6. Schedule F - Interconnection Requirements: Technical requirements and standards for grid connection
Authors
Applicable Law
Commercial Operation Date
Delivery Point
Environmental Attributes
Environmental Financial Incentives
Force Majeure
Governmental Authority
Host Customer
Installation Site
Interconnection Agreement
kWh Rate
Metering Device
Minimum Production Guarantee
Operating Hours
Output
Performance Guarantee
Permitted Purpose
PPA Provider
Premises
Product
Project
Prudent Industry Practices
PV System
Renewable Energy Credits (RECs)
Solar Energy
Solar Energy System
Solar Provider
System Assets
System Loss
System Operations
Term
Termination Date
Utility
Utility Rates
System Installation
Purchase and Sale of Energy
Pricing and Payment
Term and Termination
Performance Guarantees
Operating Requirements
Maintenance and Repair
Access Rights
Metering
Force Majeure
Insurance
Indemnification
Representations and Warranties
Environmental Attributes
Assignment
Default and Remedies
Purchase Options
Site License
Interconnection
Confidentiality
Change in Law
Dispute Resolution
Governing Law
Early Termination Rights
Taxes and Incentives
Notice Requirements
System Removal
Limitation of Liability
Compliance with Laws
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