Document background
This Corporate Solar PPA template is designed for use in the Philippine market where renewable energy adoption is growing under the framework of the Renewable Energy Act of 2008 and related regulations. The document is typically used when a corporate entity wishes to procure solar power directly from a solar power producer, either through an on-site or off-site arrangement. It incorporates key requirements of Philippine energy regulations, including compliance with the Energy Regulatory Commission's guidelines and the Green Energy Option Program. The agreement structure accounts for local market conditions, grid requirements, and available renewable energy incentives, while providing flexibility to accommodate various corporate procurement strategies. This template is particularly relevant given the increasing focus on corporate sustainability goals and the Philippine government's push for renewable energy adoption in the commercial and industrial sectors.
