About Solar Photovoltaic Power Generation Agreement
A Solar Power Purchase Agreement (SPPA) is a financial arrangement in which a third-party developer owns, operates, and maintains the photovoltaic (PV) system, and a host customer agrees to site the system on its property and purchases the system's electric output from the solar services provider for a predetermined.
Figure 1 below illustrates the roles of all participants in an SPPA. Adapted from Rahus Institute's "The Customer's Guide to Solar Power Purchase Agreements" (2008). A host customer.
In order to claim a system's on-site solar electricity production towards the Green Power Partnership's green power use requirements, a Partner must retain the associated renewable energy certificates (RECs) generated by the.
The resources below provide additional information on SPPAs. 1. The Rahus Institute's "The Customer's Guide to Solar Power Purchase Agreements" (pdf) 2. Webinar: Solar Power.
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About Solar Photovoltaic Power Generation Agreement video introduction
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6 FAQs about [Solar Photovoltaic Power Generation Agreement]
What is a solar power purchase agreement (SPPA)?
A Solar Power Purchase Agreement (SPPA) is a financial arrangement in which a third-party developer owns, operates, and maintains the photovoltaic (PV) system, and a host customer agrees to site the system on its property and purchases the system's electric output from the solar services provider for a predetermined period.
What is a PPA solar project?
In the PPA model, the solar energy system offsets the customer’s electric utility bill, and the developer sells the power generated to the customer at a fixed rate, typically lower than the local utility. Below are resources to help you understand third-party ownership financing structures as a means to facilitate your solar project development.
What is a retail solar PPA?
At its most basic, a retail solar PPA is a long-term contract to purchase power from a third-party owner and operator of a solar energy generation system.1 This contrasts with a “direct-ownership” arrangement, where the local government itself owns a solar project.
Should a solar power purchase agreement be an easement?
Solar Power Purchase Agreements – A Toolkit for Local Governments | 3-5 Thus for rooftop solar projects, an easement may be a mutually acceptable compromise for PV system owners and municipalities in negotiating site rights for two primary reasons.
What rights does a grantee have under the solar PPA?
Grantee has the right to collaterally assign its rights and interests under this Agreement to any Lender (as defined in the Solar PPA) under the Solar PPA.
Can a PPA buy a solar project?
Buyer Options to Purchase the Project or Special Purpose Entity. Many utilities have shown a strong interest in owning solar energy projects. In PPAs, this interest often takes the form of an option to purchase the project or the entity that owns it on or after a specified date. Such options should be handled carefully.