RENEWABLE POWER Clause Examples

The Renewable Power clause establishes requirements or commitments related to the use or sourcing of electricity generated from renewable energy sources, such as solar, wind, or hydroelectric power. Typically, this clause may obligate one or both parties to purchase a certain percentage of their electricity from renewable sources, or to provide documentation proving the renewable origin of their power supply. Its core practical function is to promote environmental sustainability and reduce carbon emissions by ensuring that energy consumption under the agreement supports the transition to cleaner energy sources.
RENEWABLE POWER. For renewable price plans, Company will purchase and retire Renewable Energy Certificates (“RECs”) to offset the specified percentage of Customer’s anticipated electricity consumption equal to the percentage specified in the Price.
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RENEWABLE POWER. The Team has conducted two auctions that resulted in at least 100 million kWh of renewable power supply awards during the past three years. In fact, contract awards to date include a total of 377 million kWh in renewable power. One of these is presented in Section 4.11 in the form of an electricity procurement for MDGS. The other procurement served various federal facilities in the Consolidated Edison Utility of New York and awards were made for over 200 million kWh of renewable and wind power. As discussed previously, the electricity procurement for MDGS in March 2004 was designed to allow the State to lock in the lowest possible cost before price caps expired July 2004. As a result of the procurement, MDGS expects cost avoidance savings in excess of $5.5 million per year or $11 million over the life of the contract. The supply contract also included 100 million kWh of environmentally friendly green power, which was obtained at no cost premium. This allowed the State to be both fiscally responsible and environmentally friendly. WORLD ENERGY SOLUTIONS PROPRIETORY INFORMATION WORLD ENERGY SOLUTIONS A press release regarding this procurement is provided in Appendix B.
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RENEWABLE POWER 
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Related to RENEWABLE POWER

  • Corporate Power The Company has all requisite corporate power to execute and deliver this Agreement and to carry out and perform its obligations under the terms of this Agreement.

  • Police Powers The Grantee agrees to comply with the terms of any lawfully adopted generally applicable local ordinance necessary to the safety, health, and welfare of the public, to the extent that the provisions of the ordinance do not have the effect of limiting the benefits or expanding the obligations of the Grantee that are granted by this Franchise. This Franchise is a contract and except as to those changes which are the result of the Grantor’s lawful exercise of its general police power, the Grantor may not take any unilateral action which materially changes the mutual promises in this contract.

  • Reactive Power 1.8.1 The Interconnection Customer shall design its Small Generating Facility to maintain a composite power delivery at continuous rated power output at the Point of Interconnection at a power factor within the range established by the Connecting Transmission Owner on a comparable basis, until NYISO has established different requirements that apply to all similarly situated generators in the New York Control Area on a comparable basis. 1.8.2 The NYISO is required to pay the Interconnection Customer for reactive power, or voltage support service, that the Interconnection Customer provides from the Small Generating Facility in accordance with Rate Schedule 2 of the NYISO Services Tariff.

  • Requisite Power and Authority Such Subscriber has all necessary power and authority under all applicable provisions of law to execute and deliver this Subscription Agreement and other agreements required hereunder and to carry out their provisions. All action on Subscriber’s part required for the lawful execution and delivery of this Subscription Agreement and other agreements required hereunder have been or will be effectively taken prior to the Closing Date. Upon their execution and delivery, this Subscription Agreement and other agreements required hereunder will be valid and binding obligations of Subscriber, enforceable in accordance with their terms, except (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors’ rights and (b) as limited by general principles of equity that restrict the availability of equitable remedies.

  • Existence; Power The Borrower and each of its Subsidiaries (i) is duly organized, validly existing and in good standing as a corporation, partnership or limited liability company under the laws of the jurisdiction of its organization, (ii) has all requisite power and authority to carry on its business as now conducted, and (iii) is duly qualified to do business, and is in good standing, in each jurisdiction where such qualification is required, except where a failure to be so qualified could not reasonably be expected to result in a Material Adverse Effect.