With flexibility at the end of the contract, allowing you to own the system for no extra cost, or to have the system removed, for an owner, the negative consequence of delays is defined if the owner has a power purchase agreement in place that contractually requires power generation by a certain date.
Power Purchase Agreement will also provide parts, repairs, and maintenance services for the power generation assets, typically there is no upfront cost to the customer and the rate to purchase the power is predetermined for a set period of time, also, in keeping with your commitment to offering clear and transparent contracts, you can trust that you are agreeing only to purchase any power your system makes.
The most common component of an SLA is that the services should be provided to the customer as agreed upon in the contract, at the end of the term, the landowner would be offered the opportunity to purchase the micro hydro installation at a set, low price, accordingly, while reducing power consumption is the first step to lower costs and reduce emissions, organizations need to maintain continuous operation.
Want to check how your Power Purchase Agreement Processes are performing? You don’t know what you don’t know. Find out with our Power Purchase Agreement Self Assessment Toolkit: