Third Party Solar Power Purchase Agreement

Third Party Solar Power Purchase Agreement Template for Singapore

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Key Requirements PROMPT example:

"I need a Third Party Solar Power Purchase Agreement for a 500kW rooftop solar installation on our commercial building in Singapore, with a 20-year term starting March 2025 and including battery storage options and export to grid provisions."

Document background

The Third Party Solar Power Purchase Agreement is utilized in Singapore when a property owner wants to benefit from solar power without the upfront capital investment of purchasing a system. This agreement, governed by Singapore law and regulated by the Energy Market Authority (EMA), enables the solar provider to install, own, and operate the system while selling the generated power to the customer. The document covers installation specifications, energy pricing, maintenance obligations, regulatory compliance, and grid connection requirements under Singapore's electricity framework. It's particularly relevant given Singapore's Green Plan 2030 and the nation's push toward renewable energy adoption.

Suggested Sections

1. Parties: Identification of the Solar Provider and the Property Owner/Energy Purchaser

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

3. Definitions: Key terms used tHRoughout the agreement including technical, financial, and legal terminology

4. System Installation: Terms regarding installation, timeline, specifications, and compliance requirements

5. Energy Purchase Terms: Pricing structure, payment terms, minimum guarantees, and billing procedures

6. Term and Termination: Duration of agreement, renewal options, and termination conditions

7. Operation and Maintenance: Responsibilities for system maintenance, monitoring, and performance guarantees

8. Access and Property Rights: Provider's access rights and property usage terms

9. Representations and Warranties: Standard warranties and representations from both parties

10. Insurance and Liability: Insurance requirements and liability allocation

Optional Sections

1. Purchase Option: Terms for system purchase by property owner at end of term or specified intervals

2. Environmental Attributes: Ownership and trading rights for renewable energy credits and environmental benefits

3. Grid Integration: Terms and conditions for grid connection and power export arrangements

4. Battery Storage: Specific terms and conditions for battery system operation and maintenance

Suggested Schedules

1. Schedule 1 - System Specifications: Detailed technical specifications of the solar PV system and components

2. Schedule 2 - Pricing Schedule: Detailed pricing structure, rates, and annual escalators

3. Schedule 3 - Performance Guarantees: Specific performance metrics, guarantees, and remedies

4. Schedule 4 - Installation Timeline: Project timeline, milestones, and completion requirements

5. Schedule 5 - Site Plan: Installation location, layout drawings, and technical diagrams

6. Schedule 6 - Maintenance Schedule: Detailed maintenance requirements, schedules, and procedures

7. Schedule 7 - Insurance Requirements: Specific insurance coverage requirements and minimum limits

8. Schedule 8 - Form of Performance Bond: Template and requirements for performance bond or security

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Commercial Real Estate
Industrial
Residential
Education
Healthcare

Relevant Teams

Legal
Operations
Facilities Management
Sustainability
Finance
Procurement
Risk Management
Compliance
Property Management
Engineering

Relevant Roles

Chief Sustainability Officer
Facilities Manager
Energy Manager
Property Manager
Operations Director
Legal Counsel
Procurement Manager
Chief Financial Officer
Environmental Compliance Officer
Project Manager

Industries

Electricity Act 2001: Primary legislation governing the electricity sector in Singapore, including licensing requirements, market operations, and safety standards

Electricity (Contestable Consumers) Regulations: Regulations defining eligibility and requirements for consumers who can choose their electricity retailer

Building Control Act: Legislation governing building works, including structural requirements for solar installations

Building Control (Environmental Sustainability) Regulations: Regulations specifying environmental standards and requirements for buildings, including renewable energy installations

Fire Safety Act: Requirements for fire safety compliance in building installations, including solar panel systems

Workplace Safety and Health Act: Standards for ensuring safety during installation and maintenance of solar systems

Environmental Protection and Management Act: Framework for environmental protection and compliance requirements

Land Title Act: Legislation governing property rights and restrictions relevant to solar installations

Contract Law of Singapore: Common law principles governing contract formation, execution, and enforcement

Unfair Contract Terms Act: Legislation protecting against unfair terms in contracts, including PPAs

Singapore Standard SS 638: Code of Practice for Electrical Installations, specifying technical requirements for solar installations

EMA's Enhanced Central Intermediary Scheme: Framework for solar energy procurement and grid integration

Companies Act: Corporate law requirements affecting business operations and contracts

Goods and Services Tax Act: Tax implications for solar power purchase agreements and related services

EMA's Market Registration Framework: Requirements for registration and participation in Singapore's electricity market

Resource Sustainability Act 2019: Framework for sustainable resource management and renewable energy adoption

Consumer Protection (Fair Trading) Act: Protection measures for consumers in energy contracts and agreements

Singapore Standard CP 5: Code of Practice for Electrical Installations, providing technical specifications for electrical systems

HDB Solar Requirements: Specific requirements for solar installations on Housing Development Board properties

JTC Corporation Requirements: Guidelines and requirements for solar installations on industrial properties under JTC jurisdiction

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Authors

Alex Denne

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