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Commercial Solar Power Purchase Agreement
"I need a Commercial Solar Power Purchase Agreement for a 5MW solar facility in Manchester, where my manufacturing company will purchase 100% of the generated power for our factory operations, with the agreement starting from March 2025."
1. Parties: Identification and details of the generator/seller and purchaser/buyer
2. Background: Context of the agreement, including facility details and purpose
3. Definitions and Interpretation: Defined terms and interpretation rules used throughout the agreement
4. Sale and Purchase Obligations: Core obligations regarding the sale and purchase of electricity
5. Term and Termination: Duration of agreement and termination provisions
6. Price and Payment: Pricing mechanism, payment terms, and invoicing procedures
7. Metering and Recording: Requirements for measuring and recording electricity generation
8. Operating Obligations: Maintenance, operation, and performance requirements
9. Force Majeure: Definition and consequences of force majeure events
10. Liability and Indemnities: Allocation of risks and responsibilities between parties
1. Environmental Attributes: Treatment of renewable energy certificates and credits - used when parties want to specify ownership and trading of environmental benefits
2. Construction and Commissioning: Requirements for facility construction and testing - included for new facilities not yet operational
3. Grid Connection: Responsibilities for grid connection and compliance - used when grid connection arrangements need clarification
4. Change in Law: Provisions for handling regulatory changes - included for longer-term agreements where regulatory changes are likely
1. Facility Description: Technical specifications of the solar facility
2. Pricing Schedule: Detailed pricing mechanisms and calculations
3. Operating Parameters: Technical operating requirements and specifications
4. Metering Specifications: Details of metering equipment and procedures
5. Form of Direct Agreement: Standard form for direct agreements with financiers
6. Performance Guarantees: Minimum performance requirements and remedies
7. Site Plan: Drawings and plans of the facility location
8. Testing and Commissioning Procedures: Requirements for facility acceptance
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