A solar power purchase agreement is a written and formally drafted document which is made when a party buys or purchases solar power from another party. Such agreements are laid down with the terms and conditions as well as the various details of the parties and the important dates involved. Any such agreement is a legally binding document for the involved parties.
Sample Solar Power Purchase Agreement:
This agreement has been entered into by the parties on 27th May 2011
This agreement has been made between the parties whose details are given as follows:
Name: Mr. Paul Newton
Address: Q-3, first block, East minto road, London
Contact number: 470282870935
Name: Mr. Tommy Bing
SELLER manufacturers or produces solar power from a solar power plant installed on the outskirts of London
Contact number: 4770294034034
Details of transaction:
The total cost of the required amount of solar power usage shall be $20000
The solar power must be used and utilised in a mature and careful manner.
The following are the terms and conditions of the agreement:
The SELLER must sell only the ordered amount of solar power to the BUYER and must ensure that the amount is paid within one week after the effective date.
The BUYER agrees to purchase solar power on the condition that he would be entitled to pay a solar energy purchase tax of 7% on the amount mentioned.
Both the parties hereby agree to the terms and conditions of the agreement: