Document background
The Solar PPA Agreement is a crucial document in India's renewable energy sector, used to establish a legally binding relationship between solar power producers and purchasers. This agreement type has gained significant importance as India pursues its ambitious solar energy targets and businesses increasingly seek to reduce their carbon footprint. The document is essential for projects under various schemes, including open access, captive generation, and grid-connected solar plants. It addresses key aspects such as power tariffs, technical specifications, performance guarantees, and regulatory compliance requirements. The agreement must align with both central and state-level renewable energy policies, making it particularly complex in the Indian federal structure. This document type is frequently used in both utility-scale solar projects and commercial/industrial solar installations, with variations depending on the scale and nature of the project.
