Renewable Energy Independent Power Producers often require the execution of several agreements for commercial close purposes and prior to embarking on a power generation project. Common agreements include:
1. Power Purchase Agreements concluded between a licensed Seller and Buyer;
2. Direct Agreements concluded between the Seller, Buyer and Regulating Authority
2. Implementation Agreements concluded between the Seller and the Offtaker;
3. Independent Engineer Agreements concluded by the consultant which act for the Seller and the Buyer;
4. Self-Build Agreements concluded between the Seller and the Distributor;
5. Transmission Agreements concluded between the Seller and the Transmission entity;
6. Distribution Agreements concluded between the Seller and the Disctributor.
These agreements apply depending on the size and scope of the project. Therefore, it is necessary to understand the import of these instruments, especially in power generation projects, whether it be Solar PV or Wind Turbine technologies.