International Renewable Energy Agency (IRENA) and Terrawatt Initiative (TWI) have teamed up to support the rapid and widespread scale-up of solar energy in line with goals of the Paris Climate Agreement and Sustainable Development Goals. Open Solar Contracts streamlines project development and finance processes by offering simple and universally-applicable legal agreements that make contracting much faster and less costly.
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.
Open Solar Contracts review phase is now over. More than 1,600 responses from the global solar power community have been received. With due consideration to the industry feedback, the contracts are finalized.
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