The Seller named in the Part 1 Proposal must be the counterparty to all three (3) Companies for delivery of RECs from the Project.
Assignments are possible under the REC Contract. Generally, the Seller may not assign the REC Contract without the prior written consent of the Buyer, which shall not be unreasonably withheld. However, consent of the Buyer is not required for transfer or assignment to an Affiliate of the Seller if the Affiliate’s creditworthiness is equal to or higher than that of the Seller on the Effective Date. The full conditions under which an assignment can occur are provided in Section 9.2, as amended on the cover sheet (page 18 of the REC Contract as posted on August 22).