A solar electricity sales contract (PPA) is a financial agreement whereby a developer organizes the planning, approval, financing and installation of a solar installation on the land of a client too little or no cost. The developer sells the electricity produced at a fixed price to the host, which is usually lower than the local distribution company`s retail price. This decrease in the price of electricity is used to compensate for the purchase of electricity from the grid by the customer, while the developer receives the revenues from these electricity sales as well as all tax credits and other incentives of the system. PPAs are typically between 10 and 25 years old and the developer remains responsible for the operation and maintenance of the system for the duration of the agreement. At the end of the PPA contract term, a customer may be able to extend the PPP, have the system removed from the developer or purchase the solar installation from the developer. C-22 Development of a business case for renewable energy in airports its knowledge, complete and correct records of the physical condition of the premises. The supplier acknowledges that it had the opportunity to check the status of the website and premises prior to the conclusion of this agreement. 20. FORCE MAJEURE (a) “force majeure event”: any act or event that prevents the party concerned from fulfilling its obligations under this agreement, where that act or event is outside the proper control and is not attributable to the fault or negligence of the party concerned and that party has not been able to overcome that act or event with due diligence (including the issuance of amounts of reasonable). Subject to the above, the force majeure event may involve the following acts or events: (i) natural phenomena such as storms, hurricanes, floods, lightning and earthquakes; (ii) explosions or fires caused by lightning or other causes that have nothing to do with the acts or omissions of the contracting party who wish to be excused by the performance; (iii) Acts of war or public unrest, unrest, riots, uprisings, sabotage, epidemics, acts of terrorism or rebellion; (iv) strikes or labour disputes; and v) actions taken by a government authority, including a moratorium on all activities related to this agreement.
Force majeure events do not include device failures or acts or omissions by agents, suppliers or subcontractors, unless such acts or omissions are the result of a force majeure event. Changes in electricity prices are not force majeure events. (b) to the extent that paragraph 20, paragraph (c) or by other means expressly provided for by this agreement, neither party is considered a violation of this agreement or is not held responsible for the delay or non-compliance with this agreement, to the extent that and to the extent that such delay or omission is due to the occurrence of a force majeure event; When the party requesting a discharge following the force majeure event immediately informs the other party (i) in writing of the existence and details of the force majeure event; (ii) to do everything in its power to minimize delays caused by such a force majeure event; (iii) notify the other party in writing that these events are subject to a case of force majeure; and (iv) to resume, as soon as possible, the performance of their obligations in the event of sub-activity.