Third Party Solar Power Purchase Agreement Template for England and Wales

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Key Requirements PROMPT example:

Third Party Solar Power Purchase Agreement

"I need a Third Party Solar Power Purchase Agreement for a 500kW rooftop solar installation on our warehouse in Manchester, where we will purchase electricity from ABC Solar Ltd at an agreed rate of £0.12/kWh, with the agreement to commence in March 2025."

Document background

The Third Party Solar Power Purchase Agreement is utilized when a solar provider wishes to install and operate solar panels on a host property, selling the generated electricity to the occupier or owner. This arrangement, governed by English and Welsh law, enables organizations to benefit from solar power without significant upfront capital investment. The agreement covers installation rights, electricity pricing, maintenance responsibilities, performance standards, and term length. It's particularly relevant in the context of increasing renewable energy adoption and corporate sustainability goals, while ensuring compliance with UK energy regulations and environmental requirements.

Suggested Sections

1. Parties: Identification of Generator, Buyer, and any relevant third parties

2. Background: Context of the agreement including facility details and purpose

3. Definitions: Key terms used throughout the agreement including technical, commercial and legal definitions

4. Sale and Purchase Obligations: Core obligations regarding electricity supply and purchase, including delivery points and minimum/maximum quantities

5. Pricing and Payment Terms: Price calculation methodology, billing procedures, payment terms and disputed amounts process

6. Term and Termination: Duration of agreement, renewal options, and circumstances for early termination

7. Metering and Reporting: Requirements for measuring and reporting electricity generation, including meter specifications and testing

8. Operation and Maintenance: Responsibilities for maintaining the solar installation and associated equipment

9. Force Majeure: Provisions dealing with circumstances beyond parties' reasonable control

10. Liability and Indemnification: Allocation of risks and responsibilities between parties

11. Insurance: Required insurance coverage for both parties

12. Governing Law and Disputes: Applicable law and dispute resolution procedures

Optional Sections

1. Construction and Installation: Details of initial installation process, timelines, and responsibilities - include when PPA covers installation phase

2. REGOs and Environmental Benefits: Allocation and ownership of renewable energy certificates and environmental attributes

3. Grid Connection: Responsibilities and requirements for grid connection, including compliance with relevant codes

4. Change in Law: Provisions dealing with regulatory changes affecting the agreement

5. Buy-Out Options: Terms for potential purchase of the solar installation by the buyer

Suggested Schedules

1. Technical Specification: Detailed specifications of solar installation, equipment, and technical parameters

2. Pricing Schedule: Detailed pricing mechanisms, calculations, and adjustment formulae

3. Performance Guarantees: Expected generation levels, performance warranties, and remedies for underperformance

4. Site Details: Location specifications, site plans, access arrangements, and easements

5. Metering Specifications: Technical requirements for metering equipment and testing procedures

6. Form of Direct Agreement: Standard form agreement between financiers, generator and buyer

7. Operating Procedures: Detailed procedures for day-to-day operation and maintenance

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

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Let's create your Third Party Solar Power Purchase Agreement

Authors

Alex Denne

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