Prepaid Solar Power Purchase Agreement Template for Philippines

The Prepaid Solar Power Purchase Agreement is designed for use in the Philippine market where businesses and property owners seek to adopt solar power solutions with upfront payment arrangements. This document type emerged from the growing demand for renewable energy solutions and the need for structured financing arrangements in the Philippine solar sector. It combines elements of traditional power purchase agreements with prepayment mechanisms, making it particularly suitable for projects where customers prefer or are required to make advance payments for their solar power systems. The agreement ensures compliance with the Philippine Renewable Energy Act of 2008, EPIRA, and other relevant regulations while addressing technical specifications, installation requirements, performance guarantees, and ongoing maintenance obligations. It's particularly relevant in the context of the Philippine government's push for renewable energy adoption and the country's commitment to increasing its solar power capacity.

1. Parties: Identification of the Solar Power Provider and the Customer/Property Owner

2. Background: Context of the agreement, including property details and purpose of the solar installation

3. Definitions: Definitions of technical terms, payment-related terms, and other key concepts used in the agreement

4. System Installation: Details of the solar system installation process, timeline, and requirements

5. Term and Commencement: Duration of the agreement and conditions for commencement

6. Prepayment Structure: Details of the prepayment mechanism, including payment schedule and calculation methodology

7. Energy Output Guarantees: Guaranteed performance levels and energy output commitments

8. Ownership and Risk: Clarity on system ownership, risk allocation, and transfer provisions

9. Operation and Maintenance: Responsibilities for system operation and maintenance

10. Metering and Monitoring: Requirements for energy measurement and system performance monitoring

11. Customer Obligations: Customer responsibilities including property access and maintenance cooperation

12. Provider Obligations: Provider responsibilities including system maintenance and performance guarantees

13. Warranties: Warranties for equipment and performance

14. Default and Termination: Events of default, remedies, and termination provisions

15. Force Majeure: Provisions for unforeseen circumstances and their handling

16. Governing Law: Application of Philippine law and jurisdiction

17. Dispute Resolution: Process for resolving disputes between parties