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Department of Energy amends System Event provisions in the Round 3 and 4 Power Purchase Agreements

Photo of Coldron DenichaudPhoto of Katia Mengel
By Coldron Denichaud & Katia Mengel on July 16, 2014

A seller will not be entitled to claim relief if a delay in connection of a facility to the grid (defined as a System Event in the power purchase agreement) prevents it from generating energy during the early operating period.

On 14 June 2014, the Department of Energy (DoE) released the revised power purchase agreement…

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