Definition of PPA Completion


PPA Completion means, with respect to each Project, Commercial Operation or similar milestone under each interconnection agreement and power purchase agreement, lease or hedging agreement pursuant to which such Project delivers or transmits Electricity.
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Examples of PPA Completion in a sentence

Commercial Operation means, with respect to any Project, (a) the achievement of EPC Completion and (b) the achievement of PPA Completion, in each case, as confirmed (i) by an Independent Engineer or (ii) to the extent the Project Company that directly owns such Project is a Joint Venture, by such Project Company pursuant to such Projects construction contract or interconnection agreement and power purchase agreement, lease or hedging agreement, as applicable.