Curtailment Cap definition

Curtailment Cap is the yearly quantity (Term Year), in MWh, set forth in Section 1.09.

Curtailment Cap is the yearly quantity per Contract Year, in MWh, equal to fifty (50) hours multiplied by the Installed Capacity. “Deemed Delivered Energy” means the amount of Energy expressed in MWh that the Facility would have produced and delivered to the Delivery Point, but that is not produced by the Facility due to a Buyer-directed curtailment, which amount shall be calculated using an industry-standard methodology agreed to by Buyer and Seller that utilizes meteorological conditions on Site as input for the period of time during such Buyer-directed curtailments.

Curtailment Cap is the yearly quantity per Contract Year, in MWh, equal to fifty (50) hours multiplied by the Installed Capacity.

Examples of Curtailment Cap in a sentence

• Buyer shall have the right to order Seller to curtail deliveries of Facility Energy, provided that Buyer shall pay Seller for all Deemed Delivered Energy associated with such Buyer-directed curtailments in excess of the Curtailment Cap at the Contract Price, subject to the Annual Excess Energy provisions.

• Seller shall receive no compensation from Buyer for (i) Delivered Energy or Deemed Delivered Energy during any Curtailment Period and (ii) Deemed Delivered Energy in amounts below the Curtailment Cap.

• Buyer shall have the right to order Seller to curtail deliveries of Facility Energy, provided that Buyer shall pay Seller for all Deemed Delivered Energy associated with such Buyer-directed curtailments in excess of the Curtailment Cap at the Renewable Rate, subject to the Annual Excess Energy provisions.

• Notwithstanding any provision in this Agreement to the contrary, Seller shall receive no compensation from Buyer for (i) Facility Energy or Deemed Delivered Energy during any Curtailment Period (ii) Deemed Delivered Energy in amounts below the Curtailment Cap, and (iii) if applicable, no further compensation for Deemed Delivered Energy once the amount of Facility Energy plus the amount of Deemed Delivered Energy exceeds one hundred percent (100%) of the Expected Energy for such Contract Year.

• Prior to installation and commissioning of the Backup MPT, the first [***] hours of curtailment of Product due to any main power transformer mechanical failure shall count toward the Annual Non-Compensated Curtailment Cap, and any additional hours of curtailment shall be deemed to be an event of Force Majeure.

More Definitions of Curtailment Cap

Curtailment Cap means, for each Contract Year, the product of (i) the Nameplate Capacity, (ii) 0.90, and (iii) fifty (50) hours.

Curtailment Cap is the yearly quantity per Contract Year, in MWh, equal to fifty (50) hours multiplied by the Guaranteed Capacity. “Deemed Delivered Energy” means the amount of Energy expressed in MWh that the Facility would have produced and delivered to the Delivery Point, but that is not produced by the Facility due to a Buyer-directed curtailment, which amount shall be calculated using the CAISO VER forecast or an industry-standard methodology agreed to by Buyer and Seller that utilizes meteorological conditions on Site as input for the period of time during such Buyer-directed curtailments. (Note: Sellers are requested to identify the cost impact, if any, of the Curtailment Cap on the Contract Price.)

Curtailment Cap means 50 hours per Contract Year. “Curtailment Order” means any of the following:

Curtailment Cap means Guaranteed Capacity times 50 hours MWh per Contract Year.

Curtailment Cap means Guaranteed Capacity times fifty (50) hours per Contract Year. “Curtailment Order” means any of the following:

Curtailment Cap is the yearly quantity per Contract Year, in MWh, equal to fifty (50) hours multiplied by the Guaranteed Capacity. “Deemed Delivered Energy” means the amount of Energy expressed in MWh that the Facility would have produced and delivered to the Delivery Point, but that is not produced by the Generating Facility due to a Buyer-Directed Curtailment, less the amount of Energy delivered to the Delivery Point during such period; provided that, if the applicable difference is negative, the Deemed Delivered Energy shall be zero (0). “Delivery Term” shall mean the period of Contract Years beginning on the Commercial Operation Date. “Full Capacity Deliverability Status” has the meaning set forth in the CAISO Tariff. “Guaranteed Capacity” means the amount of generating capacity of the Facility, as measured in MW at the Delivery Point, as the same may be adjusted pursuant to the PPA. “Letter(s) of Credit” means one or more irrevocable, standby letters of credit issued by a U.S. commercial bank or a foreign bank with a U.S. branch with such bank (a) having a credit rating of at least A- with an outlook designation of “stable” from S&P or A3 with an outlook designation of “stable” from Xxxxx’x or (b) being reasonably acceptable to Buyer. “MW” means megawatts in alternating current, unless expressly stated in terms of direct current. “MWh” means megawatt-hour measured in alternating current, unless expressly stated in terms of direct current.

Curtailment Cap means the yearly quantity per Contract Year, in MWh, equal to fifty(50) hours multiplied by the Guaranteed Capacity. “Curtailment Order” means any of the following: