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Prepaid Solar Power Purchase Agreement
"I need a Prepaid Solar Power Purchase Agreement for a 500kW commercial rooftop solar installation in Penang, Malaysia, with quarterly prepayment terms and specific provisions for excess power sales to the grid, scheduled to commence operations by March 2025."
1. Parties: Identification of the solar power provider and the customer, including complete legal names and addresses
2. Background: Context of the agreement, including the customer's desire to purchase solar power and the provider's capability to supply it
3. Definitions: Detailed definitions of technical and legal terms used throughout the agreement
4. Prepayment Terms: Details of the prepayment structure, including payment amounts, timing, and any adjustment mechanisms
5. System Installation: Terms regarding the installation of solar power system, including timeline and site preparation requirements
6. Power Supply Terms: Specifications of power supply, including quantity, quality, and delivery parameters
7. Performance Guarantees: Guaranteed minimum power output levels and compensation mechanisms for underperformance
8. Maintenance and Operations: Responsibilities for system maintenance, monitoring, and operational procedures
9. Term and Termination: Duration of the agreement, renewal options, and termination circumstances
10. Force Majeure: Provisions for unforeseen circumstances affecting power generation or delivery
11. Liability and Indemnification: Allocation of risks and responsibilities between parties
12. Governing Law and Dispute Resolution: Applicable Malaysian law and procedures for resolving disputes
1. Grid Connection: Required if the system is connected to the national grid, covering net metering arrangements
2. Environmental Attributes: Include when dealing with renewable energy certificates or carbon credits
3. Export Power: Required if excess power can be sold back to the grid or third parties
4. Insurance: Detailed insurance requirements, recommended for larger installations
5. Security Arrangements: Include when additional security for prepayment is required
6. Change in Law: Important for long-term agreements where regulatory changes might impact operations
1. Schedule 1: System Specifications: Technical specifications of the solar power system, including equipment details
2. Schedule 2: Site Details: Property information, installation location, and site-specific requirements
3. Schedule 3: Prepayment Schedule: Detailed breakdown of prepayment amounts, dates, and calculation methodology
4. Schedule 4: Performance Parameters: Specific performance metrics, monitoring procedures, and reporting requirements
5. Schedule 5: Maintenance Schedule: Planned maintenance activities and schedules
6. Appendix A: Technical Drawings: System layout, electrical diagrams, and installation plans
7. Appendix B: Permits and Approvals: Copies of required regulatory permits and approvals
8. Appendix C: Warranty Documents: Manufacturer warranties and performance guarantees
Authors
Energy & Utilities
Renewable Energy
Solar Power
Construction
Real Estate
Manufacturing
Commercial Property
Residential Property
Green Technology
Infrastructure
Legal
Operations
Facilities Management
Project Management
Commercial
Technical Services
Compliance
Risk Management
Sustainability
Property Management
Energy Manager
Sustainability Officer
Facilities Manager
Property Manager
Project Manager
Contract Manager
Legal Counsel
Chief Technical Officer
Operations Director
Renewable Energy Specialist
Commercial Director
Risk Manager
Compliance Officer
Solar Installation Manager
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