BESS definition
Examples of BESS in a sentence
The ▇▇▇▇ terms (including nomenclature/defined terms and testing included in this draft are legacy terms and, for purposes of transactions under the RFP to which this draft relates, will require updating for consistency (where appropriate) with BESS terms set forth in the RFP’s model BOT agreement for standalone ▇▇▇▇ resources (including the model Scope Book).
Seller shall ensure that the conceptual design and detailed design conform to the specifications and terms of the Scope Book, as well as the other requirements of this Agreement, and will enable the Project to meet the Guaranteed LD Performance Test Requirements, Guaranteed PV Plant Availability, Energy Yield Guaranty, and Guaranteed BESS Availability and Seller to achieve Final Completion.
The Joint Venture allows the Parties to draw on and combine the respective unique resources, expertise, knowledge and experience of Citaglobal and its group of companies (“Group”) as well as Genetec and its group of companies in respect of the BESS projects which would create a platform to tap into the energy storage segment which is seen as defensive with good potential for growth.