Agreement Synopsis, Context and Review
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Sector: |
Clean Technology (Energy) |
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Name of Agreement: |
Standard Power Purchase Agreement (PPA) for Photovolatic Solar Power |
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Type of Agreement: |
Power Purchase Agreement (PPA) |
Power Purchasing Agreement (PPA)
Sustainable Power Group (formerly Tioga Energy)
For more information on solar purchasing power agreements, visit the Environment Protection Agency's information page.
RFP for a project whereby the Virgin Islands Water and Power Authority is seeking a maximum of 10 megawatts (MW) of electrical capacity, allocating approximately 5 MW to each of its two generation facilities serving the districts of St. Thomas-St. John and St. Croix. The selected respondents will be responsible for constructing, operating, and maintaining all facets of the project.
In addition to interviewing municipal officials, the report includes data collected from private developers, technical consultants, and state employees. It also contains an extensive literature review and analysis of the regulatory structure for PPAs in Massachusetts.
Image by Pixabay
Intended to be a practical toolkit, the guidebook includes an annex that covers Concentrated Solar Power (CSP) technology and highlights aspects of the CSP project development process that differ from the equivalent. It also has annexes on construction, operation and maintenance contract terms.
Image by Pixabay
Solar power is becoming a widely accepted technology. India is well-placed to benefit from the successful development of a solar energy industry. It is hoped that this guidebook will encourage Indian project developers and financiers to adopt industry best practices in the development, construction, operation and financing of solar projects.
The webinar discusses Solar Power Purchase Agreements (SPPA). An SPPA is a financial arrangement in which a third-party developer owns, operates, and maintains a photovoltaic (PV) system and a host customer (i.e., a business, municipal government, or university) agrees to site the system on its roof or elsewhere on its property and purchase the system’s electric output for a pre-determined period (in English).
While the detail of the contractual structure will vary from project to project, depending on size, location and parties, these documents encompass the majority of key relationships in the financing and development of a solar facility.
