The Third Party Solar Power Purchase Agreement is utilized in Singapore when a property owner wants to benefit from solar power without the upfront capital investment of purchasing a system. This agreement, governed by Singapore law and regulated by the Energy Market Authority (EMA), enables the solar provider to install, own, and operate the system while selling the generated power to the customer. The document covers installation specifications, energy pricing, maintenance obligations, regulatory compliance, and grid connection requirements under Singapore's electricity framework. It's particularly relevant given Singapore's Green Plan 2030 and the nation's push toward renewable energy adoption.
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1. Parties: Identification of the Solar Provider and the Property Owner/Energy Purchaser
2. Background: Context of the agreement, including property details and purpose of the solar installation
3. Definitions: Key terms used tHRoughout the agreement including technical, financial, and legal terminology
4. System Installation: Terms regarding installation, timeline, specifications, and compliance requirements
5. Energy Purchase Terms: Pricing structure, payment terms, minimum guarantees, and billing procedures
6. Term and Termination: Duration of agreement, renewal options, and termination conditions
7. Operation and Maintenance: Responsibilities for system maintenance, monitoring, and performance guarantees
8. Access and Property Rights: Provider's access rights and property usage terms
9. Representations and Warranties: Standard warranties and representations from both parties
10. Insurance and Liability: Insurance requirements and liability allocation
1. Purchase Option: Terms for system purchase by property owner at end of term or specified intervals
2. Environmental Attributes: Ownership and trading rights for renewable energy credits and environmental benefits
3. Grid Integration: Terms and conditions for grid connection and power export arrangements
4. Battery Storage: Specific terms and conditions for battery system operation and maintenance
1. Schedule 1 - System Specifications: Detailed technical specifications of the solar PV system and components
2. Schedule 2 - Pricing Schedule: Detailed pricing structure, rates, and annual escalators
3. Schedule 3 - Performance Guarantees: Specific performance metrics, guarantees, and remedies
4. Schedule 4 - Installation Timeline: Project timeline, milestones, and completion requirements
5. Schedule 5 - Site Plan: Installation location, layout drawings, and technical diagrams
6. Schedule 6 - Maintenance Schedule: Detailed maintenance requirements, schedules, and procedures
7. Schedule 7 - Insurance Requirements: Specific insurance coverage requirements and minimum limits
8. Schedule 8 - Form of Performance Bond: Template and requirements for performance bond or security
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