Generation Project definition
Examples of Generation Project in a sentence
The Scheduled Energized Date shall be the date that is twelve (12) months from the Trade Date of such Product Order if the Designated System is a Distributed Renewable Energy Generation Device, or eighteen (18) months from the Trade Date of such Product Order if the Designated System is a Community Renewable Energy Generation Project.
Unless extended pursuant to Section 2.4(b), the Scheduled Energized Date shall be the date that is twelve (12) months from the Trade Date of such Product Order if the Designated System is a Distributed Renewable Energy Generation Device, or eighteen (18) months from the Trade Date of such Product Order if the Designated System is a Community Renewable Energy Generation Project.
Additionally, if there is an increase in the Collateral Requirement for a Community Renewable Energy Generation Project based on information in Seller’s ABP Part I Application and ABP Part II Application for such Designated System, Seller shall not be required to post additional Performance Assurance Amount at the time of Energization.
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).
Notwithstanding the foregoing, if there is an increase in the Collateral Requirement for a Community Renewable Energy Generation Project in the quarterly payment adjustments pursuant to Sections 2.6(a)-(b), Seller shall not be required to post additional Performance Assurance Amount at the time of such payment adjustment(s).
Notice in an Emergency Condition, or as necessary during day-to- day operations, shall be provided (i) if by the Transmission Owner, to the shift supervisor at, as applicable, a Generation Project Developer’s Generating Facility or a Transmission Project Developer’s control center; and (ii) if by the Project Developer, to the shift supervisor at the Transmission Owner’s transmission control center.
Instantaneous, bi-directional real power and, with respect to a Generation Project Developer’s Generating Facility or Merchant Transmission Facility, reactive power flow information, must be telemetered directly to the location(s) specified by Transmission Provider and the Transmission Owner.
Whenever the Generating Facility is operated in parallel with the Transmission System, Generation Project Developer shall operate the Generating Facility with its governor or equivalent controls in service and responsive to frequency.
Generation Project Developer shall be required to provide the status and settings of the governor or equivalent controls to Transmission Provider and/or the relevant balancing authority upon request.
Generation Project Developer shall not block or otherwise inhibit the ability of the governor or equivalent controls to respond and shall ensure that the response is not inhibited, except under certain operational constraints including, but not limited to, ambient temperature limitations, physical energy limitations, outages of mechanical equipment, or regulatory requirements.