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What are the buyers options at the end of the PPA term? If the buyer has the option of buying the system, how will the price be determined?

April 26, 2017buyer buying option Options PPA price system term

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What are the buyers options at the end of the PPA term? If the buyer has the option of buying the system, how will the price be determined?

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There are three options at the end of the PPA term: 1) the contract may be renewed and Tioga will continue managing the system, 2) the host can purchase the system and own it moving forward, or 3) if neither of those options are desirable, then Tioga is obligated to remove the system.