Solar Energy Sample Clauses

Solar Energy. UNIVERSITY SIGNED A M.O.U. / PPA (POWER PURCHASE AGREEMENT) FOR 25 YEARS WITH M/S CLEANMAX ENVIRO ENERGY SOLUTIONS, WINNER OF THE BID / TENDER FLOATED BY SOLAR ENERGY CORPORATION OF INDIA (SECI) UNDER MINISTRY OF NEW & RENEWABLE ENERGY (MNRE) FOR “IMPLEMENTATION OF 1000 MW GRID CONNECTED SOLAR PV SYSTEM SCHEME FOR GOVERNMENT BUILDINGS IN DIFFERENT STATES/UNION TERRITORY OF INDIA UNDER CAPEX/RESCO MODEL” AS PER COMPETITIVE BIDDING UNDER RFS NO.: SECI/C&P/MNRE/1000MW RT/IND/122016 DATED: 09-12-2016. UNDER THIS SCHEME OF SECI / MNRE, UNIVERSITY UTILIZED THE BENEFITS OF THE RESCO MODEL, WHERE RISK MITIGATION OF EXTENT OF POWER GENERATION BY SOLAR IRRADIATION AS WELL AS NO UPFRONT CAPITAL EXPENDITURE REQIRED TO BE MADE BY THE UNIVERSITY. THE ENTIRE PROJECT COST WAS SOLELY BORNE BY THE DEVELOPER i.e. M/S CLEANMAX ENVIRO ENERGY SOLUTIONS AND UNIVERSITY HAS TO PAY FOR SOLAR UNITS GENERATED FROM THESE SOLAR PLANTS ON THE BASIS OF PPA (POWER PURCHASE AGREEMENT) SIGNED AT FIX RATE OF RS. 3.91 / UNIT FOR 25 YEARS. AFTER 25 YEARS, PLANT WILL BE COMPLETELY HANDED OVER TO THE UNIVERSITY WITHOUT ANY ADDITIONAL EXPENDITURE. SALIENT DETAILS OF PLANT • CAPITAL EXPENDITURE MADE BY THE UNIVERSITY : NIL • MODE OF EXECUTION : RESCO MODEL • PROJECT COST : 4.5 CRORES (APPROX.) • TOTAL ROOFTOP SOLAR AREA : 7500 SQ. MTRS • INSTALLED CAPACITY : 750 KWP • NO OF ROOFS USED : 9 ROOFS AND 2 PARKING AREA • SOLAR MODULES : 2300 (MAKE – ADANI) • INVERTERS : 18 (MAKE – DELTA) • DESIGNED NOMINAL GENERATION : 3000 UNITS / DAY(APPROX.) • SUBSIDY FROM SECI : 30% OF TOTAL PROJECT COST • DESIGNED ANNUAL GENERATION : 10,31,250 KWH • DEPRECIATION RATE OF GENERATION : 1.0% EVERY YEAR • PROJECT COST RECOVERY PERIOD INCLUDING O&M : 25 YEARS BUILDING WISE SOLAR PV INSTALLATION DETAILS BUILDING Total Installed Capacity (in KWp) Total Area Covered by Solar Plant (in Sq mtrs) Xxxxxxxxxxx Hostel 31.2 315 Xxxxxxxxxx Hostel 31.2 315 Xxxxxxxxxx Hostel 101.4 1000 Ashoka Hostel 50.7 510 SBBT 1 50.7 510 SBBT 3 62.4 625 Legal Studies 50.7 510 Central Library 71.5 715 UIET 50.7 510 Car Park – Library 118.625 1200 Car Park - Auditorium 128.375 1300 Total 747.5 7510 FINANCIAL YEAR WISE ENERGY / MONETARY SAVING & CLEAN ENERGY UTILIZATION Sr. No. Financial Year Days of Operation Energy Generated / Saved Direct Monetary Saving 1. 2018 - 2019 151* 3,03,660.2* KWH (Units) *from Date of Operation i.e. after Oct 2018 Rs. 14,18,093.13* 2. 2019 - 2020 365 9,93,799.08 KWH (Units) Rs. 46,39,781.22 3. 2020 - 2021 365 9,48,768.53...
Sample 1
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Solar Energy. The LANDLORD, through its CSR policy, is adhered to the declaration of principles of the UN Global Compact that pursues the fulfillment of the Sustainable Development Goals (SDGs) within the framework of institutions and companies. The industrial sector is an environment that is particularly sensitive to the objective linked to energy consumption, water, sustainable resources and respect for the environment. In this scenario, it is essential for the LESSOR to encourage and promote the use of energy systems from renewable sources among its tenants. In order to bring the industrial sector closer to a sustainable environment, the LESSEE is obliged to incorporate in the construction project of any building, the installation of photovoltaic solar energy on the maximum possible surface of the roof. To this end, the LANDLORD shall collaborate with the LESSEE to provide the technical support necessary to optimize the implementation of PV. In the event that the LESSEE does not carry out such implementation on the roof, the CONSORTIUM reserves the right of use and exploitation of such roofs to carry out, at the CONSORTIUM’s expense, the implementation of solar photovoltaic energy by contracting the service to specialized third parties, unless the LESSEE sufficiently justifies the inconveniences that this implementation could entail to its operation.
Sample 1
Solar Energy. The Base Building Work includes solar panels and systems designed to provide solar power to Building 2. Therefore, Landlord and Tenant hereby agree that notwithstanding any other inconsistent or contrary provision of this Lease:
Sample 1
Solar Energy. Customer acknowledges that once solar energy is transmitted onto IPL’s electric distribution system, it is physically impossible to distinguish solar energy from energy produced by other means. Customer agrees that participation in the Community Solar Program helps support the use of solar energy in the IPL service territory, but energy actually delivered to Customer’s electric service address will be supplied from a mix of energy technologies.
Sample 1

Related to Solar Energy

  • Bank Holding Company Borrower is not a “bank holding company” or a direct or indirect subsidiary of a “bank holding company” as defined in the Bank Holding Company Act of 1956, as amended, and Regulation Y thereunder of the Board of Governors of the Federal Reserve System.

  • Public Utility Holding Company Neither the Company nor any Subsidiary is, or will be upon issuance and sale of the Securities and the use of the proceeds described herein, subject to regulation under the Public Utility Holding Company Act of 1935, as amended, the Federal Power Act, the Interstate Commerce Act or to any federal or state statute or regulation limiting its ability to issue and perform its obligations under any Transaction Agreement.

  • Electric If Customer has selected an Electricity Fixed Rate on the Application, Customer’s Price will be based on the Fixed Rate(s) which includes Local and State taxes, Gross Receipts Tax (GRT), PJM Adjustment (defined below) charges and adjustments and Utility applied charges and/or fees related to generation, plus the Administration Charge, which includes, Electricity Balancing Amount and third party utility and billing charges. Customer understands and agrees that included in the Administration Charge is the cost of the Energy Balancing Amount (defined below). Customer understands that in order for RITERATE ENERGY to be able to supply Energy to its existing and prospective customers, RITERATE ENERGY enters into supply arrangements to meet the forecasted consumption of its various groups of customers. These forecasts are based on historical data, load shapes and/or estimates. To the extent that actual pooled consumption of RITERATE ENERGY’s Energy customers varies from supply arrangements and/or Customer’s Utility delivery requirements, RITERATE ENERGY incurs a cost in balancing and settling its supply arrangements with such pooled consumption. To ensure a fixed all-inclusive Rate, RITERATE ENERGY has included in the Administration charge, the Energy Balancing Amount, to balance and settle the variance between pooled consumption and supply arrangements (the “Energy Balancing Amount”). In respect of Electricity, Customer understands that there are certain estimated pass through costs, made up of charges to RITERATE ENERGY by the PJM Interconnection (“PJM”) and/or Customer’s Utility, including but not limited to ancillary service charges, the cost of unaccounted for electricity, capacity charges and any replacement or recharacterization of these charges. In this regard, the “PJM Adjustment”, is included in the Fixed Price Rate. Customer acknowledges and agrees that by entering into this Agreement, Customer will not be eligible to receive any net metering credits and other incentives to which Customer would otherwise be entitled. Further, included in the Rate are the amounts charged or billed to RITERATE ENERGY or Customer by Customer’s Utility, the PUC or any other regulatory or government entity, including any taxes, delivery, regulated transmission, regulated distribution, pipeline, compressor fuel, uplift, congestion, locational marginal pricing, invoice market participant, service, billing, or similar or related changes and any, deposits, interest or late payment fees or other amounts in connection with the supply and delivery of Energy to the Premises (collectively, “Regulatory Charges”). Customer agrees to pay the monthly Administration charge for Energy supply (the “Administration” charge).

  • Investment Company; Public Utility Holding Company Neither the Company nor any Subsidiary is an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, or a "public utility holding company" within the meaning of the Public Utility Holding Company Act of 1935, as amended.

  • Western will as requested by the Manager oversee the maintenance of all books and records with respect to the investment transactions of the Fund in accordance with all applicable federal and state laws and regulations, and will furnish the Directors with such periodic and special reports as the Directors or the Manager reasonably may request.

  • Holdings The term "Holdings" shall have the meaning set forth in the preface.

  • Real Property Holding Company The Company is not a real property holding company within the meaning of Section 897 of the Code.

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