Utility PPA definition

Utility PPA means any agreement between the Project Owner and the Utility pursuant to which the Project Owner receives payment from the Utility for any Energy Output delivered to the Grid as recorded by the Bi-directional Meter.] 7

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Utility PPA means any agreement between the [Solar Service Company]/[Customer] and the Utility pursuant to which the [Solar Service Company]/[Customer] receives payment from the Utility for any Energy Output delivered to the Grid as recorded by the Bi-directional Meter.] 16

Utility PPA means any agreement between the Lessee and the Utility pursuant to which the Lessee receives payment from the Utility for any Energy Output delivered to the Grid as recorded by the Bi-directional Meter.

Examples of Utility PPA in a sentence

• It is market practice for the term to be 20 years, which is also in line with the current term of the Utility PPA of 20 years.

• In addition, this should include assisting with providing meter readings and other reports required under agreements the Project Owner may have entered into in relation to the Solar PV System (such as a power purchase agreement, or a Utility PPA).

• Within [ten (10) Business Days] of issuing the invoice to the Utility for the monthly payment under the Utility PPA, the Lessee shall provide the Lessor with a copy of the invoice issued to the Utility together with a copy of the respective meter readings agreed with Utility in relation to the Monthly Utility PPA Revenue for such month in order for the respective Monthly Rental Fee to be calculated.