With reference to section 13.4(i), can we clarify if this refers to the full-fledged, definitive contract between the RED and the Green Consumer? Or can a MoU/Term Sheet suffice for application purposes, to be followed by the definitive contract upon successful application? If it's the former, due to the amount of time and resources required in negotiating and executing this contract, it will cause a delay of around 6 months, or possibly more, to get the submission ready, with no guarantee that the application will be successful. For better efficiency, we would like to ask if EC is willing to consider allowing the RED to submit an MoU with a Term Sheet and only proceed to execute the definitive contract upon successful application, as was the case with CGPP.
With reference to Section 13.4(i), applicants are required to secure a definitive contract/agreement at the application stage. This requirement is in place to affirm a committed partnership and support the reliable delivery of the project. While we understand this may necessitate additional time and resources, the definitive agreement is essential to meet the standards outlined in the guidelines.