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PPA Solar Lease
"I need a Solar PPA Lease agreement for a 500kW rooftop installation on a shopping center in Melbourne, with the system to be installed by March 2025, including specific provisions for energy storage and the option for the tenant to purchase the system after 10 years."
1. Parties: Identification of the solar system owner/lessor and the property owner/electricity purchaser
2. Background: Context of the agreement including property details and purpose of the solar installation
3. Definitions: Defined terms used throughout the agreement including technical and commercial terms
4. Term and Commencement: Duration of both the PPA and lease arrangements, including conditions precedent
5. Grant of Lease: Rights granted for installation and maintenance of the solar system on the property
6. Sale and Purchase of Electricity: Core PPA terms including pricing, minimum purchase commitments, and billing arrangements
7. Installation and Commissioning: Process and requirements for system installation and testing
8. Ownership and Risk: Clear statement of system ownership, risk allocation, and insurance requirements
9. Maintenance and Access: Maintenance obligations and access rights for the system
10. Metering and Billing: Requirements for measuring electricity production and payment terms
11. Environmental Attributes: Ownership and handling of renewable energy certificates and credits
12. Representations and Warranties: Standard warranties and representations from both parties
13. Default and Termination: Events of default, remedies, and termination processes
14. Liability and Indemnities: Risk allocation between parties including liability caps and indemnities
15. Dispute Resolution: Process for resolving disputes between parties
16. General Provisions: Standard boilerplate clauses including notices, assignment, and governing law
1. Purchase Option: Terms for the customer to purchase the solar system during or at end of term
2. Battery Storage: Additional terms for inclusion of battery storage systems
3. Grid Connection: Specific requirements for grid connection and export arrangements
4. Development Approval: Terms relating to obtaining necessary planning and development approvals
5. Performance Guarantees: Specific performance warranties and remedies
6. Force Majeure: Detailed force majeure provisions if required beyond general provisions
7. Refinancing Rights: Rights of the system owner to refinance the installation
8. Relocation Rights: Terms for system relocation if property circumstances change
1. System Specifications: Technical details of the solar system including size, components, and layout
2. Pricing Schedule: Detailed electricity pricing including rates, adjustments, and minimum payments
3. Installation Timeline: Project timeline including key milestones and dependencies
4. Maintenance Schedule: Planned maintenance activities and frequencies
5. Site Details: Property information including installation location and access points
6. Metering Specifications: Technical requirements for metering equipment
7. Form of Performance Bond: Template for any required performance security
8. Output Forecasts: Expected system generation estimates
9. Insurance Requirements: Detailed insurance obligations for both parties
Authors
Renewable Energy
Real Estate
Commercial Property
Industrial Manufacturing
Retail
Healthcare
Education
Agriculture
Data Centers
Warehousing
Shopping Centers
Office Buildings
Legal
Operations
Facilities Management
Finance
Procurement
Risk Management
Property Management
Sustainability
Technical Services
Commercial
Environmental Compliance
Project Management
Commercial Manager
Facilities Manager
Energy Manager
Sustainability Director
Property Manager
Operations Manager
Legal Counsel
Financial Controller
Project Manager
Technical Director
Risk Manager
Procurement Manager
Asset Manager
Chief Financial Officer
Chief Operating Officer
Environmental Compliance Manager
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