The Solar PPA Agreement is essential for Singapore's growing renewable energy sector, particularly as the nation aims to achieve its solar deployment targets under the Singapore Green Plan 2030. This document is used when a solar power producer agrees to install, own, and operate a solar PV system on a customer's premises or off-site location, selling the generated electricity to the customer at pre-agreed rates. The agreement addresses crucial aspects including system specifications, energy pricing, maintenance responsibilities, and regulatory compliance with Singapore's energy market rules. It's particularly relevant given Singapore's limited land availability and emphasis on rooftop solar installations.
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Key Requirements PROMPT example:
PPA Agreement Solar
"Need a Solar PPA Agreement for a 2MW rooftop installation in Singapore's Jurong industrial area, where our manufacturing company will purchase power from SunTech Energy Ltd, with operations expected to start in March 2025 and include performance guarantees."
1. Parties: Identification of the power producer and purchaser, including full legal names and registration details
2. Background: Context of the agreement, including project overview and parties' intentions
3. Definitions: Key terms used tHRoughout the agreement, including technical and commercial definitions
4. System Description: Detailed specifications of the solar PV system, including capacity and location
5. Term and Termination: Duration of the agreement and conditions for early termination
6. Purchase and Sale of Electricity: Core commercial terms including pricing, minimum guaranteed output, and payment terms
7. Operating Requirements: Technical standards and operational procedures
8. Metering and Billing: Requirements for measuring output and invoicing procedures
9. Representations and Warranties: Standard legal guarantees from both parties
1. Purchase Option: Terms for potential system purchase by offtaker at predetermined points during or end of agreement term
2. Environmental Attributes: Ownership and trading rights for renewable energy certificates and carbon credits
3. Insurance Requirements: Specific insurance obligations beyond standard coverage for special circumstances
4. Performance Guarantees: Specific output guarantees, performance metrics, and remedies for underperformance
1. Technical Specifications: Detailed system specifications, drawings, and technical requirements
2. Pricing Schedule: Detailed pricing structure including base rates, escalators, and adjustment mechanisms
3. Performance Standards: Expected output calculations, measurement methodology, and performance metrics
4. Site Access Protocol: Procedures and requirements for accessing and maintaining the installation site
5. Interconnection Requirements: Technical specifications and procedures for grid connection
6. Operation and Maintenance Schedule: Detailed maintenance procedures, schedules, and responsibilities
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