Power Purchase Agreement Template consists of the following sections: interpretation and defined terms, sale and purchase of energy, term, currency & payments and billing, pre-operation obligations, interconnection, metering, operations and maintenance, mutual warranties and covenants of the parties, defaults and termination, insurance, resolution of disputes, notices, and miscellaneous provisions.
A power purchase agreement is a legal document between the seller who generates electricity and the buyer who is looking to purchase electricity. A Solar Power Purchase Agreement is such a contract where a developer designs, permits, finances and installs the solar energy system on a client's property. The developer sells the power produced to the host customer at an established rate which is usually lower than the retail rate of the local utility.
Power Purchase Agreements are legal documents between the seller who generates electricity and the buyer who is looking to purchase electricity. This template contains the following sections: customer-sited power purchase agreement definition, project process, project examples, utility renewable energy services contract, enhanced use lease, PPA support & resource & key points.