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Hot off the Presses: Standardized Solar Contracts from NREL-Organized Working Group

Webinar Archive

 

This Webinar is Public: Open to SEIA members and non-members

Originally aired November 19, 2013

Click here to view standardized contract templates

An NREL-organized working group representing solar industry stakeholders has developed standardized solar contract templates to lower transaction costs and make it easier to access low-cost financing for residential and commercial solar power projects.  These contract templates should allow national and regional solar developers alike to increase business opportunities and enable the creation of tradable investment vehicles desired by pension funds and other institutional investors.

The standardized contract templates developed to date include residential leases and commercial power purchase agreements.

The standardized residential lease contract templates were discussed by Nick Mack, General Counsel of Clean Power Finance, and Seth Weissman, Executive Vice President, General Counsel and Secretary of SolarCity. 

The commercial power purchase agreement contract template described by Dirk Michels, Partner at K&L Gates. 

Paul Schwabe from the Energy Department’s National Renewable Energy Laboratory introduced the Solar Access to Public Capital (SAPC) working group, which is facilitating securitization of solar photovoltaic assets through standardized contracts and other efforts.  

Attendees learned....

  • General contract structures of standardized solar leases and commercial power purchase agreements and how they can utilize the SAPC templates.
  • About securitization of solar assets and the SAPC working group effort.

Who Should View…

  • Residential and commercial developers
  • Financiers
  • Law firms
  • Analytics companies
  • Independent engineers
  • Utilities, regulatory bodies and others   

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