Solar container project agency intermediary contract

What is open solar contracts?

Open Solar Contracts is an initiative which streamlines project development and finance processes by offering legal agreements that make contracting faster and less costly. Standardised contracts include Power Purchase Agreement, Implementation Agreement, O&M Agreement, Supply Agreement, Installation Agreement and Finance Facility Term Sheet.

What is a solar contract?

Solar Contracts are fine-tuned for small and medium-sized, grid-connected solar PV projects. Standardised contracts include: Power Purchase Agreement, Implementation Agreement, O&M Agreement, Supply Agreement, Installation Agreement and Finance Facility Term Sheet. These are complemented by the Implementation Guidelines.

What are standardised solar contracts?

Standardised contracts include: Power Purchase Agreement, Implementation Agreement, O&M Agreement, Supply Agreement, Installation Agreement and Finance Facility Term Sheet. These are complemented by the Implementation Guidelines. Open Solar Contracts review phase is now over.

Do solar projects need an EPC contract?

In our experience, most utility-scale solar projects use an EPC Contract. An operation and maintenance agreement: This is usually a medium- to long-term Operating and Maintenance Agreement (O&M Agreement) with an Operator. The term of the O&M Agreement will vary from project to project.

Will there be a construction facility in the ECA financing package?

To be clear, there will likely be a construction facility as part of the ECA financing package. Project financing is paid back out of revenue that is generated by the project, whether under offtake agreements or spot or merchant sales.

Is a contract price a factor in the bankability of a solar project?

Price is also a consideration but is usually considered separately from the bankability of the contract because the contract price (or more accurately the capital cost of the solar facility) relates to the bankability of the project as a whole.