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Acquire-or-pay out agreement: less than this contract the off-taker – on an agreed selling price foundation – is obligated to pay for product or service consistently whether or not the off-taker truly can take the solution.

The conditions EPC contract and turnkey agreement are interchangeable. EPC means engineering (design and style), procurement and design. Turnkey is based on the concept that if the operator requires obligation for the power all it will need to do is convert The crucial element and the ability will perform as supposed.

He's in the whole process of introducing two a lot more projects centered on Vitality performance simply because “you can obtain important price savings by doing these upgrades,” Bergstrom reported.

A source arrangement is between the project enterprise along with the provider from the demanded feedstock / gasoline.

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Matching Principle: The matching principle is mostly described given that the basic principle which demands to report the revenues and fees in exactly the same accounting interval.

Sale of asset: terms and conditions on which the lenders may transfer the borrower’s entitlements beneath the suitable deal.

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