Contract Capacity Factor Clause Samples
Contract Capacity Factor. If the Delivery Term extends beyond a 15-Delivery Year schedule starting with that first Delivery Year, then each subsequent Delivery Year Expected REC Quantity subsequent to the 15th Delivery Year shall reflect a quantity that provides for a degradation factor of half of one percent (0.5%) from the prior Delivery Year Expected REC Quantity (a sample delivery schedule is provided in Exhibit F-1). For avoidance of doubt, with respect to a Designated System that is a Community Renewable Energy Generation Project, the Designated System Contract Maximum REC Quantity and the Delivery Year Expected REC Quantities shall be adjusted pursuant to Section 2.6(b) and Section 2.6(c) and the updated Schedule B and REC Delivery schedule will be issued by the IPA to Buyer and Seller pursuant to Section 2.6(g). For avoidance of doubt, the adjustments made pursuant to Section 2.6(b) and Section 2.6(c) shall be deemed to have prevailed at the time of Energization for purposes of calculating the Delivery Year Expected REC Quantities. For purposes of re-calculating the delivery schedule, the Delivery Year in which the date of Energization occurred shall be the first Delivery Year for which a Delivery Year Expected REC Quantity is calculated and the Delivery Year Expected REC Quantity for such first Delivery Year shall be calculated using the updated Contract Nameplate Capacity based on the updated percent of the Actual Nameplate Capacity that is being Subscribed as established pursuant to Section 2.6(b) and Section 2.6(c).
Contract Capacity Factor. If the Delivery Term extends beyond a 20-Delivery Year schedule starting with that first Delivery Year, then each subsequent Delivery Year Expected REC Quantity subsequent to the 20th Delivery Year shall reflect a quantity that provides for a degradation factor of half of one percent (0.5%) from the prior Delivery Year Expected REC Quantity (a sample delivery schedule is provided in Exhibit F-1).
Contract Capacity Factor. If the Delivery Term extends beyond a 15-Delivery Year schedule starting with that first Delivery Year, then each subsequent Delivery Year Expected REC Quantity subsequent to the 15th Delivery Year shall reflect a quantity that provides for a degradation factor of half of one percent (0.5%) from the prior Delivery Year Expected REC Quantity (a sample delivery schedule is provided in Exhibit F-1). For avoidance of doubt, with respect to a Designated System that is a Community Renewable Energy Generation Project, the Designated System Contract Maximum REC Quantity and the Delivery Year Expected REC Quantities shall be adjusted pursuant to Section 3.6(a)(i)(a) or Section 3.6(a)(i)(c), and the updated Schedule B and REC Delivery schedule will be issued by the IPA to Buyer and Seller pursuant to Section 3.6(a)(i)(g). For avoidance of doubt, the adjustments made pursuant to Section 2.6(a) or Section 2.6(c) shall be deemed to have prevailed at the time of Energization for purposes of calculating the Delivery Year Expected REC Quantities. For purposes of re-calculating the delivery schedule, the Delivery Year in which the date of Energization occurred shall be the first Delivery Year for which a Delivery Year Expected REC Quantity is calculated and the Delivery Year Expected REC Quantity for such first Delivery Year shall be calculated using the updated Contract Nameplate Capacity based on the updated percent of the Actual Nameplate Capacity that is being Subscribed by the Anchor Tenant and End Use Customers as established pursuant to Section 3.6(a)(i)(a) or Section 3.6(a)(i)(c). Once annually on or prior to December 2 following a Delivery Year, the IPA shall review the performance of the REC Deliveries made during such Delivery Year, using information provided in the REC Annual Report submitted pursuant to Section 7.3, and determine the amount of Aggregate Drawdown Payment due as follows: for each Designated System that has been Energized and three (3) full Delivery Years have occurred since the start of the Delivery Term of such Designated System, the IPA shall calculate, with respect to a Delivery Year, a Delivery Year REC Performance for such Delivery Year (an example Delivery Year REC Performance calculation is provided in Exhibit F-2); with respect to a Designated System that has been Energized and three (3) full Delivery Years have occurred since the start of the Delivery Term of such Designated System, in the event that the Delivery Year REC Performance is...
Contract Capacity Factor. (n) Year-1 Contract Capacity Factor: %
Contract Capacity Factor. 5 Project Status [not yet under construction, under construction and X% complete, complete awaiting inspections or interconnection approvals] Details of Project Status: 6 Extension Requested [Y/N] Date of Request: Reason: [interconnection delay, permitting delay, etc.] Status of Extension: [Granted/Denied/Pending] Length of Extension: Additional Information (Optional): 7 Requests to change REC obligation (may enter multiple) Type (suspension, reduction, elimination, Force Majeure) Date of Request: Status of Request:
1. This will be filled out on the ▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ site and approved vendorsApproved Vendors will be prompted to complete the report every 6 months until the ABP Part II of the project applicationApplication is complete for each Designated System.
2. System information will be prefilled.
3. Community Renewable Energy Generation Projects will have additional subscriberSubscriber reporting requirements contained in Exhibit C-2. (With respect to each Community Renewable Energy Generation Project that has been Energized, Seller shall submit the Community Solar Quarterly Report on a quarterly basis during the first four (4) full Quarterly Periods after the date of Energization in accordance with Section 10(b) of the REC Contract6.2 of the Agreement).
Contract Capacity Factor. 7 REC deliveriesDeliveries since last report (or since Energization if first report) Date of first REC deliveryDelivery RECs contracted RECs Delivered 8 Associated Collateral Requirement held by ▇▇▇▇▇ 9 Requests to change REC obligation (may enter multiple) Type (suspension, reduction, elimination, Force Majeure) Date of Request: Status of Request: [Granted, Denied, Pending] 10 Consumer complaints received number42Unique Qualified Small Subscription Customer account numberUniq ue Subscriber Identifier Subscription Size (kW) Qualified Small Subscriber (Y/N) Subscription Start Date Subscription End Date (if subscriptionS ubscription has ended) 343323553 555.00 YN 6/1/20192022 598398998 555.50 NY 7/1/20192022 11/1/2019202 2 34005030 4412.26 NY 4/1/20192022 Note: Notes:
1. The Community Solar Quarterly Reports submitted are to be included with the REC Annual Report as applicable.
2. This information will be filled out on the ▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ site and this exhibit is simply illustrative of the information that will be captured in that online report.
3. The Subscription size shall be rounded to two (2) decimal places.
4. The period covered by the first Community Solar Quarterly Report shall be from Energization through the end of the first full Quarterly Period. For example, if a Project is Energized on February 27, 2021 and the Project is assigned Payment Cycle A by the IPA, then the first full Quarterly Period is the period from April 1, 2021 through June 30, 2021 and the period to be covered by the first Community Solar Quarterly Report shall be from February 27, 2021 through June 30, 2021. 42 All Parties, and the IPA, shall afford confidential treatment to customer account numbers transmitted or received under this REC Contract.
Contract Capacity Factor. If the Delivery Term extends beyond a 20-Delivery Year schedule starting with that first Delivery Year, then each subsequent Delivery Year Expected REC Quantity subsequent to the 20th Delivery Year shall reflect a quantity that provides for a degradation factor of half of one percent (0.5%) from the prior Delivery Year Expected REC Quantity (a sample delivery schedule is provided in Exhibit F-1). In each Delivery Year, the quantity of RECs from a Designated System that are eligible for payment is capped at the Delivery Year Expected REC Quantity. In the first Delivery Year in which the quantity of RECs Delivered is in excess of the Delivery Year Expected REC Quantity, each eligible REC Delivered in excess of the Delivery Year Expected REC Quantity is a Surplus REC.24 In subsequent Delivery Years, if the sum of eligible RECs Delivered in such Delivery Year and Surplus RECs from such Designated System from prior years are in excess of the Delivery Year Expected REC Quantity, then each such REC shall be considered a Surplus REC. With respect to the Delivery Term of a Designated System, the quantity of RECs from such Designated System that are eligible for payment is capped at the Designated System Contract Maximum REC Quantity.25 Surplus RECs are virtually tracked in the Surplus REC Account and shall remain, except as provided in Section 13.1, in such account until a reduction in such Surplus RECs is recorded due to payment by Buyer of such Surplus RECs pursuant to Section 5.2. With respect to a Designated System that is a Community Renewable Energy Generation Project, the following shall apply: only RECs that are associated with a Subscription consistent with the calculations set forth in Section 2.6(b) shall be eligible for payment (and each REC that is not associated with a Subscription is deemed an “Ineligible REC” to be returned in accordance with Section 2.6(c)). For the Quarterly Periods from June through August and from September through November, the quantity of RECs that are eligible for payment shall be equal to the multiplicative product of: (a) the percent of Actual Nameplate Capacity that has been Subscribed as observed on the first Business Day of June and (b) the RECs that have been Delivered from such Designated System during the applicable Quarterly Period. For the Quarterly Periods from December through February and from March through May, the quantity of RECs that are eligible for payment shall be equal to the multiplicative product of: (a...