Guaranteed Annual Energy Output definition

Guaranteed Annual Energy Output means the minimum amount of Net Energy that is guaranteed by the Contractor to be generated by the PV System in a Contract Year, as set forth in Exhibit C.
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Guaranteed Annual Energy Output means the minimum amount of Net Energy that is guaranteed by the Developer to be generated by the PV System in a Contract Year, as set forth in Exhibit C.
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Guaranteed Annual Energy Output means the amount of kilowatt hours of electricity to be produced by the Generation Facilities for each year of the Production Guarantee Term as numerically defined in the column with the heading "Guaranteed Annual Energy Output" in the table xx.
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Examples of Guaranteed Annual Energy Output in a sentence

  • On the first anniversary of the Commercial Operation Date and each anniversary of the Commercial Operation Date thereafter during the Term (and any extension thereof), the Guaranteed Annual Energy Output shall be decreased by the Annual System Degradation Factor, as shown on Exhibit C.

  • On the last day of each Guarantee Year, the Actual Annual Energy Output of the Generation Facilities for that Guarantee Year shall be compared to the corresponding Guaranteed Annual Energy Output.

  • If the Actual Annual Energy Output is less than 80% of the Guaranteed Annual Energy Output then within 90 days following the end of that Guarantee Year, the Seller shall pay the Purchaser an amount equal to the result of the below formula:(80% of Guaranteed Annual Energy Output (kWh {minus Actual Annual Energy Output} kWh)) multiplied by the sum of the SREC Value and the Energy Value.

  • Upon payment of the amount required under Subsection 6.3.4(b), the Generation Facilities will be treated on a going forward basis as having produced exactly 90% of the Guaranteed Annual Energy Output in each of the three Guarantee Years that were used to calculate the Actual Cumulative Energy Output.

  • Upon payment of the amount required under xx all future calculations associated with determining the Actual Cumulative Energy Output, will recognize the Generation Facilities as having produced exactly 80% of the Guaranteed Annual Energy Output for the Guarantee Year relating to the payment.

  • The Seller and the Purchaser acknowledge and agree that the Guaranteed Annual Energy Output and Guaranteed Cumulative Energy Output as set forth in xx are estimates based on a nameplate capacity of TBD kilowatts for the Generation Facilities, and that xx shall be revised on a pro-rata basis within 30 days after the Full Commercial Operation Date to reflect the actual installed nameplate capacity of the Generation Facilities.

  • Developer guarantees that the PV System will produce the Guaranteed Annual Energy Output in each Contract Year, as adjusted by the Annual System Degradation Factor.

  • The Seller hereby guarantees to Purchaser that the Generation Facilities will produce a minimum of 80% of the Guaranteed Annual Energy Output for each Guarantee Year of the Production Guarantee Term.

  • For each Guarantee Year of the Production Guarantee Term, the Seller shall provide to the Purchaser production guarantees in the form of a Guaranteed Annual Energy Output and a Guaranteed Cumulative Energy Output from the Generation Facilities.

  • Upon the Seller receiving a kilowatt hour credit, all future calculations associated with determining the Actual Cumulative Energy Output using that Guarantee Year will recognize the Generation Facilities as having produced exactly x% of the Guaranteed Annual Energy Output for that Guarantee Year.

Related to Guaranteed Annual Energy Output

  • Guaranteed Energy Production or “GEP” has the meaning set forth in Section 3.1(e)(ii).

  • Guaranteed energy savings contract means a contract that includes all of the following:

  • Energy year or "EY" means the 12-month period from June 1st

  • Annual Energy Use means, (i) with respect to the first 5 years following the Effective Date, the annual electricity usage, expressed in kilowatt hours (“kWhs”), within the Party’s respective jurisdiction and (ii) with respect to the period after the fifth anniversary of the Effective Date, the annual electricity usage, expressed in kWhs, of accounts within a Party’s respective jurisdiction that are served by the Authority and (b) “Total Annual Energy” means the sum of all Parties’ Annual Energy Use. The initial values for Annual Energy use are designated in Exhibit C, and shall be adjusted annually as soon as reasonably practicable after January 1, but no later than March 1 of each year

  • Rechargeable Electrical Energy Storage System (REESS) means the rechargeable energy storage system that provides electric energy for electrical propulsion.

  • Renewable energy project means (A) a project

  • Useful thermal energy means, with regard to a cogeneration unit, thermal energy that is:

  • Net energy metering means the difference between the kilowatt-hours consumed by a customer-generator and the kilowatt-hours generated by the customer- generator's facility over any time period determined as if measured by a single meter capable of registering the flow of electricity in two directions.

  • Eligible Renewable Energy Resource or “ERR” has the meaning set forth in California Public Utilities Code Section 399.12 and California Public Resources Code Section 25741, as either code provision is amended or supplemented from time to time.

  • Renewable Energy Credit has the meaning set forth in California Public Utilities Code Section 399.12(h) and CPUC Decision 00-00-000, as may be amended from time to time or as further defined or supplemented by Law.

  • Renewable energy facility means an electric generation unit or other facility or installation that produces electric energy using a Renewable Energy Source.

  • Energy storage system means a system which stores energy and releases it in the same form as was input.

  • Geothermal energy means energy contained in heat that continuously flows outward from the earth that is used as the sole source of energy to produce electricity.

  • Energy Storage Resource means a resource capable of receiving electric energy from the grid and storing it for later injection to the grid that participates in the PJM Energy, Capacity and/or Ancillary Services markets as a Market Participant. Facilities Study:

  • Renewable energy resource means a resource that naturally replenishes over a human, not a geological, time frame and that is ultimately derived from solar power, water power, or wind power. Renewable energy resource does not include petroleum, nuclear, natural gas, or coal. A renewable energy resource comes from the sun or from thermal inertia of the earth and minimizes the output of toxic material in the conversion of the energy and includes, but is not limited to, all of the following:

  • Renewable Energy Credits or “RECs” – means a renewable energy credit as defined in the Green-e Energy National Standard and shall include all the renewable attributes associated with the applicable level of corresponding energy production.

  • Renewable energy resources means energy derived from solar, wind, geothermal, biomass, and hydroelectricity. A fuel cell using hydrogen derived from these eligible resources is also an eligible electric generation technology. Fossil and nuclear fuels and their derivatives are not eligible resources.

  • Energy Payment The amount that Company will pay Seller for electric energy delivered to Company in accordance with the terms and conditions of this Agreement on a monthly basis as set forth in Attachment J (Company Payments for Energy, Dispatchability and Availability of XXXX) to this Agreement.

  • Class II renewable energy means electric energy produced at a

  • Class I renewable energy means electric energy produced from

  • energy storage means, in the electricity system, deferring the final use of electricity to a moment later than when it was generated, or the conversion of electrical energy into a form of energy which can be stored, the storing of such energy, and the subsequent reconversion of such energy into electrical energy or use as another energy carrier;

  • Net energy billing means a billing and metering practice under which a customer-generator is billed on the basis of net energy over the billing period.

  • Ultra Low Sulfur Diesel Fuel means diesel fuel that has a sulfur content of no more than fifteen parts per

  • Renewable Energy Source means an energy source that is not fossil carbon-based, non- renewable or radioactive, and may include solar, wind, biomass, geothermal, landfill gas, or wave, tidal and thermal ocean technologies, and includes a Certified Renewable Energy Source.

  • energy poverty means a household’s lack of access to essential energy services that underpin a decent standard of living and health, including adequate warmth, cooling, lighting, and energy to power appliances, in the relevant national context, existing social policy and other relevant policies;

  • Energy Settlement Area means the bus or distribution of busses that represents the physical location of Network Load and by which the obligations of the Network Customer to PJM are settled. Energy Storage Resource: