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Third Party Solar Power Purchase Agreement
"I need a Third Party Solar Power Purchase Agreement for a 500kW rooftop solar installation on our commercial building in Singapore, with a 20-year term starting March 2025 and including battery storage options and export to grid provisions."
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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