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Terms and Conditions
STANDARD SERVICE POLICY
Under the trade name SunMoney, as a part of SunMoney Solar Group, SunMoney Solar FZ LLE (License No: 4350/2014, address: PO Box: 4422, Creative Tower, Fujairah, UAE) is specialised in the utilization of renewable energy resources by using the unfailing source of solar energy.
"The purpose of SunMoney is establishing and promoting the Community Solar Power Programme aimed at the spreading of green electricity and the building of communities to make the Earth a greener planet.
All activities of SunMoney serve the objective that the Community - through its active participation in the referral system and community building - empowered by financial and moral motivation involves as many people as possible in the establishment and operation of the SunMoney Community Solar Power Programme, which is intended to be one of the greatest environmental initiatives of the world.
SunMoney owns the rights related to parts of the power plant that physically exist in the SunMoney Community Solar Power Programme and that was specified at the date of acquiring the usage and exploitation rights. SunMoney markets the exploitation rights related to such parts of the Solar Panels - specified in the Service Agreements - in the form of Solar Packages specified in the Standard Service Policy. Members shall purchase from the SunMoney Community Solar Power Programme units of exploitation right packages expressed in nominal power and made up of exploitation rights related to such Solar Panels.
The exploitation right represented by the packages is leased by SunMoney in order to utilize it in the framework of the SunMoney Community Solar Power Programme.
At the date of purchase these exploitation rights are related to the physically existing Solar Panel Parts and are owned or used by SUNMONEY SOLAR GMBH (DE-80336 München, Mozartstrasse 8., Registration number: HRB 224129, State of Registry: Amtsgericht München Registergericht) or other Partners.
In the course of establishing and organizing the SunMoney Community Solar Power Programme SunMoney is building a community aimed at promoting extensive green electricity; in this Programme the exploitation rights are marketed to the participants in a way that all Members shall be entitled to a Solar Royalty fee in the Reference Period of the Current Month in proportion of the nominal power of their existing Solar Package participating in the SunMoney Community Solar Power Programme set against the total of the exploitation rights expressed in nominal power.
Through this Service SunMoney provides income on the long-run to the members of the SunMoney Community Solar Power Programme. The members of the SunMoney Community Solar Power Programme gain income from leasing the rights purchased as part of the Service on one hand, and from referring the Service to third parties and from active community building on the other hand.
The present Standard Service Policy and the Code of Conduct stipulates the rights and obligations of SunMoney and the members of the SunMoney Community Solar Power Programme, along with the terms and conditions specified in the Service Agreement and Referral Agreement concluded by them.